FOMC Reaction & Economic Reports 7.30.2015
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 July 30, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Hello Traders,
FOMC came out today without much change from previous language.
Many times the true reaction to FOMC is the next day. I have seen that more than a few times in the past.
If pattern of last few meetings hold, we may see a bit more of a rally before turning around late Thursday or Friday….but then again, past performance is not indicative of future results….
Plan your trade, trade your plan. Don’t forget money management can be more important than the actual buy or sell signals etc…
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.
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|
Contract Sept. 2015 |
SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
|
Resistance 3 |
2133.33 |
4653.08 |
17898 |
1257.60 |
97.89 |
|
Resistance 2 |
2111.17 |
4607.17 |
17735 |
1240.70 |
97.48 |
|
Resistance 1 |
2105.83 |
4588.83 |
17698 |
1232.50 |
97.37 |
|
Pivot |
2083.67 |
4542.92 |
17535 |
1215.60 |
96.96 |
|
Support 1 |
2078.33 |
4524.58 |
17498 |
1207.40 |
96.85 |
|
Support 2 |
2056.17 |
4478.67 |
17335 |
1190.50 |
96.44 |
|
Support 3 |
2050.83 |
4460.33 |
17298 |
1182.30 |
96.33 |
|
Contract |
Aug. Gold | Sept. Silver | Sept. Crude Oil | Sept. Bonds | Sept. Euro |
|
Resistance 3 |
1106.7 |
14.97 |
51.09 |
156 1/32 |
1.1130 |
|
Resistance 2 |
1102.5 |
14.82 |
49.76 |
155 23/32 |
1.1118 |
|
Resistance 1 |
1099.2 |
14.80 |
49.33 |
154 31/32 |
1.1053 |
|
Pivot |
1095.0 |
14.66 |
48.00 |
154 21/32 |
1.1041 |
|
Support 1 |
1091.7 |
14.64 |
47.57 |
153 29/32 |
1.0976 |
|
Support 2 |
1087.5 |
14.49 |
46.24 |
153 19/32 |
1.0964 |
|
Support 3 |
1084.2 |
14.47 |
45.81 |
152 27/32 |
1.0899 |
|
Contract |
Dec. Corn | Sept. Wheat | Nov Beans | Dec. SoyMeal | Sept. Nat Gas |
|
Resistance 3 |
393.8 |
522.8 |
961.42 |
331.43 |
2.95 |
|
Resistance 2 |
390.0 |
516.8 |
955.08 |
328.57 |
2.90 |
|
Resistance 1 |
387.8 |
513.8 |
949.92 |
326.13 |
2.88 |
|
Pivot |
384.0 |
507.8 |
943.58 |
323.27 |
2.83 |
|
Support 1 |
381.8 |
504.8 |
938.4 |
320.8 |
2.8 |
|
Support 2 |
378.0 |
498.8 |
932.08 |
317.97 |
2.75 |
|
Support 3 |
375.8 |
495.8 |
926.92 |
315.53 |
2.73 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:06pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuJul 30 | All Day | EUR | German Prelim CPI m/m | 0.2% | -0.1% | ||||
| 3:00am | EUR | Spanish Flash CPI y/y | 0.1% | 0.1% | |||||
| EUR | Spanish Flash GDP q/q | 1.1% | 0.9% | ||||||
| 3:55am | EUR | German Unemployment Change | -5K | -1K | |||||
| 4:00am | EUR | ECB Economic Bulletin | |||||||
| Tentative | EUR | Italian 10-y Bond Auction | 2.35|1.4 | ||||||
| 8:30am | USD | Advance GDP q/q | 2.6% | -0.2% | |||||
| USD | Goods Trade Balance | ||||||||
| USD | Unemployment Claims | 268K | 255K | ||||||
| USD | Advance GDP Price Index q/q | 1.5% | 0.0% | ||||||
| 10:30am | USD | Natural Gas Storage | 53B | 61B |
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 judgment in trading
