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Monthly Unemployment Reports Due Tomorrow 9.02.2016

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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 September 2, 2016

Hello Traders,

Greetings!

Unemployment report tomorrow!!

From our friends at TradeTheNews.com:

What the News Desk Says

Friday’s August payrolls report is expected to post about 185K net job additions, after outsized gains in June and July of 292K and 255K, respectively. Unemployment is expected to tick down one-tenth to 4.8%.

The conventional wisdom appears to be that another payroll report above 150K would leave the door open for a possible rate hike in September. Following the hawkish tone presented at the Jackson Hole symposium last week, Fed funds futures currently predict about a 25% chance of a rate hike at the September meeting. A worse than expected jobs report could push back rate tightening expectations to December… more

Labor Day is coming up, below you will see the main schedule.
Read full notice at:
https://www.cannontrading.com/tools/support-resistance-levels/globex-ice-labor-day-holiday-schedule-2016/

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.

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Futures Trading Levels

Levels for Trade Date of  9.02.2016

Contract Sept. 2016 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2200.42 4844.08 18652 1266.93 96.70
Resistance 2 2188.83 4819.67 18557 1256.37 96.47
Resistance 1 2177.92 4798.33 18476 1247.23 96.05
Pivot 2166.33 4773.92 18381 1236.67 95.82
Support 1 2155.42 4752.58 18300 1227.53 95.40
Support 2 2143.83 4728.17 18205 1216.97 95.17
Support 3 2132.92 4706.83 18124 1207.83 94.75
Contract Dec. Gold Dec. Silver Oct. Crude Oil Dec. Bonds Sept.   Euro
Resistance 3 1335.0 19.43 46.81 172 26/32 1.1313
Resistance 2 1326.8 19.21 45.94 171 27/32 1.1262
Resistance 1 1321.9 19.08 44.73 171 5/32 1.1235
Pivot 1313.7 18.87 43.86 170 6/32 1.1184
Support 1 1308.8 18.74 42.65 169 16/32 1.1157
Support 2 1300.6 18.52 41.78 168 17/32 1.1106
Support 3 1295.7 18.39 40.57 167 27/32 1.1079
Contract Dec. Corn Dec. Wheat Nov. Beans Dec. SoyMeal Oct. Nat Gas
Resistance 3 335.2 404.3 960.67 314.83 2.97
Resistance 2 330.1 400.8 954.58 312.27 2.93
Resistance 1 326.9 397.8 949.17 309.43 2.87
Pivot 321.8 394.3 943.08 306.87 2.83
Support 1 318.7 391.3 937.7 304.0 2.8
Support 2 313.6 387.8 931.58 301.47 2.72
Support 3 310.4 384.8 926.17 298.63 2.66

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 3:48pm Currency Impact Detail Actual Forecast Previous Graph
FriSep 2  3:00am EUR
Spanish Unemployment Change
15.0K -84.0K
4:30am GBP
Construction PMI
46.6 45.9
5:00am EUR
PPI m/m
0.1% 0.7%
8:30am USD
Average Hourly Earnings m/m
0.2% 0.3%
USD
Non-Farm Employment Change
186K 255K
USD
Unemployment Rate
4.8% 4.9%
USD
Trade Balance
-43.0B -44.5B
10:00am USD
Factory Orders m/m
2.1% -1.5%

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.

Tags: > Posted in: Future Trading News  

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