Make April a Great Trading Month by BEING DISCIPLINED 4.03.2018
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Fed Unwinding of QE and What It Means for U.S. Bonds
By Blu Putnam, Chief Economist, CME Group
Video Highlights
- Fed’s unwinding of QE has helped to raise U.S. Treasury yields
- U.S. Treasuries considered high-yielding compared to Japan, EU
- Japan, Germany bond yields to rise when they end quantitative easing
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.
Futures Trading Levels
4-03-2018
| Contract June 2018 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | BitCoin Index |
| Resistance 3 | 2719.33 | 6810.00 | 24892 | 1574.40 | 8176.52 |
| Resistance 2 | 2680.42 | 6699.25 | 24519 | 1553.60 | 7723.97 |
| Resistance 1 | 2629.83 | 6548.00 | 24051 | 1524.20 | 7348.27 |
| Pivot | 2590.92 | 6437.25 | 23678 | 1503.40 | 6895.72 |
| Support 1 | 2540.33 | 6286.00 | 23210 | 1474.00 | 6520.02 |
| Support 2 | 2501.42 | 6175.25 | 22837 | 1453.20 | 6067.47 |
| Support 3 | 2450.83 | 6024.00 | 22369 | 1423.80 | 5691.77 |
| Contract | June Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1373.5 | 17.13 | 67.21 | 148 9/32 | 1.2473 |
| Resistance 2 | 1361.3 | 16.91 | 66.31 | 147 22/32 | 1.2444 |
| Resistance 1 | 1353.3 | 16.75 | 64.74 | 147 5/32 | 1.2408 |
| Pivot | 1341.1 | 16.53 | 63.84 | 146 18/32 | 1.2378 |
| Support 1 | 1333.1 | 16.37 | 62.27 | 146 1/32 | 1.2342 |
| Support 2 | 1320.9 | 16.15 | 61.37 | 145 14/32 | 1.2313 |
| Support 3 | 1312.9 | 15.99 | 59.80 | 144 29/32 | 1.2277 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | May Nat Gas |
| Resistance 3 | 394.7 | 465.3 | 1067.92 | 398.37 | 2.85 |
| Resistance 2 | 393.1 | 461.3 | 1061.33 | 394.03 | 2.80 |
| Resistance 1 | 390.2 | 453.8 | 1048.42 | 385.67 | 2.74 |
| Pivot | 388.6 | 449.8 | 1041.83 | 381.33 | 2.69 |
| Support 1 | 385.7 | 442.3 | 1028.9 | 373.0 | 2.6 |
| Support 2 | 384.1 | 438.3 | 1022.33 | 368.63 | 2.59 |
| Support 3 | 381.2 | 430.8 | 1009.42 | 360.27 | 2.52 |
Economic Reports, source:
| Date | 3:54pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| TueApr 3 | 2:00am | EUR |
German Retail Sales m/m
|
0.7% | -0.7% | ||||
| 3:00am | EUR |
Spanish Unemployment Change
|
-47.5K | -6.3K | |||||
| 3:15am | EUR |
Spanish Manufacturing PMI
|
54.7 | 56.0 | |||||
| 3:45am | EUR |
Italian Manufacturing PMI
|
55.6 | 56.8 | |||||
| 3:50am | EUR |
French Final Manufacturing PMI
|
53.6 | 53.6 | |||||
| 3:55am | EUR |
German Final Manufacturing PMI
|
58.4 | 58.4 | |||||
| 4:00am | EUR |
Final Manufacturing PMI
|
56.6 | 56.6 | |||||
| Tentative | USD |
IBD/TIPP Economic Optimism
|
55.2 | 55.6 | |||||
| All Day | USD |
Total Vehicle Sales
|
16.9M | 17.1M | |||||
| 4:30pm | USD |
FOMC Member Brainard Speaks
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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.
