FOMC Minutes Tomorrow + Futures Trading Levels for Nov. 21st
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
The Week Ahead:
Minutes, Nvidia & Thanksgiving
By John Thorpe, Senior Broker
The Week Ahead, This weeks trade may be as sloppy as gravy on Friday’s hot turkey Sandwich. Thanksgiving is here in the lower 48, please check our trading hours calendar for the markets you trade below.
If you are not trading, safe travels and do enjoy the triple F…
Family, Friends and Football.
This week one big earnings number and a few important reports including a Tuesday FOMC Minutes release @ 1:00 p.m. CST . the release details the conversations and tone of the November 1st meeting, Also, Tuesday after the close Nvidia‘s third-quarter earnings report, which is due out after Tuesday’s close, analysts are anticipating a per-share profit of $3.10 compared to a year-ago profit of 58 cents per share.
Revenue is forecast to arrive at $14.9 billion (+152.5% YoY).
Wednesday earnings will essentially be featureless but not the US Gov’t Reports . Of note at 7:30 a.m. CST there are 2 impactful from Econoday.com 1. Durable goods
2.initial claims
Thursday there will be no reports – Thanksgiving Holiday here in the US ( see modified schedule below)… and don’t confuse Black Friday with Texas Tea! The OPEC meeting is taking place and will announce expectations of production cuts, how far and how fast has yet to be seen but the markets movements over the past few trading sessions are supportive of OPEC production constraints.
Have a wonderful week and remember
Plan your trade and trade your plan.
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Futures Trading Levels
11-20-2023
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG
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