NFP Report Tomorrow & Support and Resistance Levels 1.07.2021

January 6th, 2022 Filed under Future Trading News | Comment (0)

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NFP Report Tomorrow: By Mark O’Brien, Senior Broker

Here comes the Labor Department’s December Non-Farm Payrolls Report, long form for the unemployment report.

We just saw the surge in private hiring in the ADP National Employment Report on Wednesday. According to the report, private payrolls jumped by 807,000 jobs last month, the most in seven months and nearly double the early consensus after rising by 505,000 in November. Economists polled by Reuters had forecast private payrolls would increase by 400,000 jobs. The ADP report has a poor record of predicting the Labor Dept.’s numbers – primarily because of each report’s differing means of collecting data. The consensus for tomorrow’s report is to see 400,000 new jobs created, with a consensus range of 300,000 to 500,000. Private payrolls are expected to come in ±363,000.

This month’s backdrop includes a demand for workers reaching historic highs as businesses struggle to meet the rush of demand for goods and services. A record 4.5 million Americans quit their jobs in November as employers sought to fill 10.6 million job openings. Hires rose from 6.5 million in October to 6.7 million in November, a sign that most job-quitters are switching to new firms instead of dropping out of the workforce. On top of these variables, the rapid spread of the Omicron variant and its impact on jobs may not be reflected in this month’s report.

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

01-07-2022

Economic Reports, Source:

https://bettertrader.co/

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.

Non Farm Payroll Report Out Tomorrow & Support and Resistance Levels 11.04.2021

November 4th, 2021 Filed under Day Trading, Future Trading News, futures trading education | Comment (0)

Dear Futures Trader,

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NFP – Non Farm Payroll report out tomorrow at 5:30 AM ( lucky us on the west coast….) or 8:30 AM Eastern time.

This is probably the most watched market report each month and a market mover across the board!

Do your homework, be ready and if in doubt, stay out….

From ForexFactory.com:

Source Bureau of Labor Statistics (latest release) Measures Change in the number of employed people during the previous month, excluding the farming industry; Usual Effect’ Actual’ greater than ‘Forecast’ is good for currency;

Frequency Released monthly, usually on the first Friday after the month ends; Next Release Dec 3, 2021

FF Notes This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts;

Why Traders

Care

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Also Called Non-Farm Payrolls, NFP, Employment Change;

Read more about Market Moving Reports here.

If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes

Good Trading

Futures Trading Levels

11-05-2021

Futures Support and resistance trading levels 11.05.2021

Economic Reports, source:

https://bettertrader.co/

Will Bitcoin Continue to Explode? Trading Levels for 12.08.2017, Non Farm Payrolls

December 7th, 2017 Filed under Bitcoin Futures, Future Trading News | Comment (0)

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Dear Traders,

Bitcoin: Will Stunning Rally Sustain or Sour in 2018?

4 Dec 2017
By Erik Norland
Topics: FX, Equity Index, Metals

Our previous article on bitcoin focused on the crypto asset as a currency and delved into the inherent tension in its role as a medium of exchange and a store of value. This paper examines why bitcoin is so volatile; its supply and demand drivers, and how the cryptocurrency compares to commodities.

What is most striking about the economics of bitcoin is the certainty of its supply and the vagaries of demand. The rate at which bitcoin is mined has been highly predictable and unlike almost any other asset – currencies or commodities – its ultimate supply is a known quantity, fixed well in advance. There will never be more than 21 million bitcoins. This feature makes supply almost perfectly inelastic. No matter how high prices go, miners will not produce more than 21 million coins. Moreover, price increases won’t necessarily incentivize a more rapid mining of bitcoin. Even if they did, it would only influence miners to create more bitcoin today at the expense of creating less in the future since the total supply will reach a hard, asymptotic limit of 21 million coins…..Read the Rest

The New Account Application

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