Monthly Unemployment Reports due Tomorrow 8.05.2016
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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 Friday August 05, 2016
Hello Traders,
Monthly unemployment numbers come out tomorrow at 8:30 EST. This is always a big report which moves many markets. many times we will see large sharp moves right before and right after the number so if you are trading around this time, be aware. Consider reducing trading size and cancelling any orders you need to before the report comes out.
Below is a screen shot of both mini SP and gold 1 minute charts from last months report – a picture is worth a 1000 words….:
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.
If you like Our Futures Trading Daily Support and Resistance Levels, Please share!
Levels for 8.05.2016
| Contract Sept. 2016 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2175.08 | 4784.50 | 18413 | 1227.40 | 96.42 |
| Resistance 2 | 2169.67 | 4765.25 | 18375 | 1222.60 | 96.15 |
| Resistance 1 | 2164.83 | 4753.50 | 18328 | 1217.20 | 95.93 |
| Pivot | 2159.42 | 4734.25 | 18290 | 1212.40 | 95.66 |
| Support 1 | 2154.58 | 4722.50 | 18243 | 1207.00 | 95.44 |
| Support 2 | 2149.17 | 4703.25 | 18205 | 1202.20 | 95.17 |
| Support 3 | 2144.33 | 4691.50 | 18158 | 1196.80 | 94.95 |
| Contract | Aug. Gold | Sept. Silver | Sept. Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1390.3 | 21.07 | 44.09 | 175 1/32 | 1.1216 |
| Resistance 2 | 1380.8 | 20.81 | 43.08 | 174 13/32 | 1.1196 |
| Resistance 1 | 1374.0 | 20.60 | 42.44 | 173 24/32 | 1.1173 |
| Pivot | 1364.5 | 20.34 | 41.43 | 173 4/32 | 1.1153 |
| Support 1 | 1357.7 | 20.13 | 40.79 | 172 15/32 | 1.1131 |
| Support 2 | 1348.2 | 19.87 | 39.78 | 171 27/32 | 1.1111 |
| Support 3 | 1341.4 | 19.66 | 39.14 | 171 6/32 | 1.1088 |
| Contract | Dec. Corn | Sept. Wheat | Nov. Beans | Dec. SoyMeal | Sept. Nat Gas |
| Resistance 3 | 340.1 | 423.0 | 975.17 | 334.47 | 2.95 |
| Resistance 2 | 338.2 | 418.8 | 971.08 | 332.13 | 2.92 |
| Resistance 1 | 334.6 | 411.0 | 963.92 | 328.07 | 2.87 |
| Pivot | 332.7 | 406.8 | 959.83 | 325.73 | 2.84 |
| Support 1 | 329.1 | 399.0 | 952.7 | 321.7 | 2.8 |
| Support 2 | 327.2 | 394.8 | 948.58 | 319.33 | 2.77 |
| Support 3 | 323.6 | 387.0 | 941.42 | 315.27 | 2.72 |
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:06pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriAug 5 | 2:00am | EUR |
German Factory Orders m/m
|
0.5% | 0.0% | ||||
| 2:45am | EUR |
French Trade Balance
|
-3.9B | -2.8B | |||||
| 3:30am | GBP |
Halifax HPI m/m
|
-0.1% | 1.3% | |||||
| 4:00am | EUR |
Italian Industrial Production m/m
|
0.3% | -0.6% | |||||
| 8:30am | USD |
Average Hourly Earnings m/m
|
0.2% | 0.1% | |||||
| USD |
Non-Farm Employment Change
|
180K | 287K | ||||||
| USD |
Unemployment Rate
|
4.8% | 4.9% | ||||||
| USD |
Trade Balance
|
-42.1B | -41.1B | ||||||
| 3:00pm | USD |
Consumer Credit m/m
|
15.5B | 18.6B |
