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ECB Rate Decision 4-21-2016

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

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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

GOOD TRADING

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.

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!

Futures Trading Levels

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

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Posted in: Future Trading News  

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