Cannon Trading / E-Futures.com
We are NOW TRADING JUNE FOR INDICES< EMINIS and CURRENCIES!!!
Heads up to international traders – this Sunday US changed clocks to daylight savings time.
FOMC tomorrow and before that more than a few economic numbers.
FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.
If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.
My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. However, with tomorrow early morning reports, we may see more volatility duirng first couple of hours as well.
GOOD TRADING!
TRADING LEVELS!
Economic Reports Tomorrow Tuesday March 15, 2011
Empire State Manufacturing
8:30am USD
Import Prices m/m
8:30am USD
TIC Long-Term Purchases
9:00am USD
NAHB Housing Market Index
10:00am USD
FOMC Statement
2:15pm USD
Federal Funds Rate
2:15am USD
Economics Report Source: http://www.forexfactory.com/calendar.php
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 herein 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!