ECB Rate Decision 4-21-2016
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday April 21, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
Voted #1 futures trading blog!
Greetings!
ECB rate decision tomorrow along with some other reports.
This is the European equivalent to our FOMC…the only difference it comes out quite early…7 AM central time.
Be aware of the reports and by now you should know if certain reports are favorable for your style of trade or vice versa.
Keep a trading journal!!
Featured System of the Month ( including real-time performance): Axiom Index II WFO NQ Trading System
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
| Contract June 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2125.42 | 4604.00 | 18293 | 1158.77 | 95.43 |
| Resistance 2 | 2115.33 | 4580.00 | 18188 | 1152.13 | 94.99 |
| Resistance 1 | 2105.92 | 4557.00 | 18102 | 1145.67 | 94.77 |
| Pivot | 2095.83 | 4533.00 | 17997 | 1139.03 | 94.34 |
| Support 1 | 2086.42 | 4510.00 | 17911 | 1132.57 | 94.12 |
| Support 2 | 2076.33 | 4486.00 | 17806 | 1125.93 | 93.68 |
| Support 3 | 2066.92 | 4463.00 | 17720 | 1119.47 | 93.46 |
| Contract | June Gold | May Silver | June Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1272.1 | 17.61 | 47.87 | 167 23/32 | 1.1471 |
| Resistance 2 | 1266.0 | 17.43 | 46.06 | 166 26/32 | 1.1439 |
| Resistance 1 | 1256.3 | 17.21 | 44.91 | 165 6/32 | 1.1374 |
| Pivot | 1250.2 | 17.03 | 43.10 | 164 9/32 | 1.1342 |
| Support 1 | 1240.5 | 16.81 | 41.95 | 162 21/32 | 1.1277 |
| Support 2 | 1234.4 | 16.63 | 40.14 | 161 24/32 | 1.1245 |
| Support 3 | 1224.7 | 16.41 | 38.99 | 160 4/32 | 1.1180 |
| Contract | July Corn | July Wheat | July Beans | July SoyMeal | May Nat Gas |
| Resistance 3 | 410.1 | 530.3 | 1067.67 | 344.03 | 2.21 |
| Resistance 2 | 402.4 | 517.3 | 1044.33 | 332.97 | 2.17 |
| Resistance 1 | 398.6 | 510.8 | 1031.67 | 327.23 | 2.13 |
| Pivot | 390.9 | 497.8 | 1008.33 | 316.17 | 2.09 |
| Support 1 | 387.1 | 491.3 | 995.7 | 310.4 | 2.0 |
| Support 2 | 379.4 | 478.3 | 972.33 | 299.37 | 2.01 |
| Support 3 | 375.6 | 471.8 | 959.67 | 293.63 | 1.96 |
Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:16pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuApr 21 | 4:30am | GBP | Retail Sales m/m | -0.1% | -0.4% | ||||
| GBP | Public Sector Net Borrowing | 5.6B | 6.5B | ||||||
| Tentative | EUR | Spanish 10-y Bond Auction | 1.50|1.5 | ||||||
| 7:45am | EUR | Minimum Bid Rate | 0.00% | 0.00% | |||||
| 8:30am | EUR | ECB Press Conference | |||||||
| USD | Philly Fed Manufacturing Index | 8.1 | 12.4 | ||||||
| USD | Unemployment Claims | 265K | 253K | ||||||
| 9:00am | USD | HPI m/m | 0.4% | 0.5% | |||||
| 10:00am | EUR | Consumer Confidence | -9 | -10 | |||||
| GBP | BOE Gov Carney Speaks | ||||||||
| USD | CB Leading Index m/m | 0.4% | 0.1% | ||||||
| 10:30am | USD | Natural Gas Storage | 6B | -3B |
