FRB Federal Reserve Bank's quiet period or Blackout Period is over + Trading Levels 2.07.2023 - Support & Resistance Levels

Support & Resistance Levels

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FRB Federal Reserve Bank’s quiet period or Blackout Period is over + Trading Levels 2.07.2023

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The Week Ahead – FRB Federal Reserve Bank’s quiet period or Blackout period is over

 

By John Thorpe, Senior Broker

 

On an otherwise quiet week for economic releases and the FRB Federal Reserve Bank’s quiet period or Blackout period over, The Fed members are again, free to entertain speaking engagements. If you remember last week, Chairman Powell and the FOMC (Federal Open Market Committee) announced the expected .25 rate hike.

On Tuesday, February 7th @ 12:40p.m. EST, Fed Chair Jerome Powell is slated to appear at the Economic Club of Washington D.C., and may give investors and retail traders a preview of his semi-annual report to Congress later this month. Powell may also update his outlook given the January employment number surprise was released after the FOMC rate decision. Of note, Last Friday marked the halfway mark in the earnings season as 250 of the S&P 500 stocks finished reporting their earnings. Of course we have another leg to go as we turn the corner and look for few ,if any earnings surprises across the board as lowered expectations have been baked into the market already. On the jobs front we do have a jobless claims report, pre market on Thursday at 7:30 a.m. CST. Finally for the week, The President’s State of the Union address is tomorrow night @9 P.M. EST, 8 P.M. CST. Although you should be able to view his speech on any of your favorite news outlets, we don’t expect any market changing announcements of substance. Be on the ball if there is.

A Cannon broker will be able to assist, provide feedback and answer any questions.

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 when it comes to Futures Trading.

Futures Trading Levels

02-07-2023

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG

 

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Economic Reports, Source: 

Forexfactory.com

 

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.

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Tags: > > > > > > > > > > > > > > > > > > > > Posted in: Commodity Trading   | Day Trading   | Future Trading News   | Futures Trading  

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