Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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Friday, April 7th
US March Non-Farm Payroll Report
Friday 08:30 EST /13:30GMT
(US) Mar Change in Non-farm Payrolls
What the News Desk Says
The March employment report is expected to continue the trend of solid job growth seen in recent months. The jobless rate is forecast to stay at 4.7% and nonfarm payrolls gains are expected at 176 thousand.
With the Fed beginning to tighten rates in earnest, major data points like the employment report will influence expectations for the tightening cycle. The baseline expectation is for a total of three rate hike this year, but if the data trends better than expected it could open the door for a fourth rate hike in 2017… More…..
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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Levels for Trade Date of 04.07.2017
|Contract June 2017||SP500||Nasdaq100||Dow Jones||Mini Russell||Dollar Index|
|Contract||June Gold||May Silver||May Crude Oil||June Bonds||June Euro|
|Resistance 2||1264.9||18.45||52.48||152 16/32||1.0740|
|Resistance 1||1259.3||18.35||52.09||152 3/32||1.0707|
|Support 1||1249.7||18.16||51.04||151 6/32||1.0653|
|Support 2||1245.7||18.07||50.38||150 22/32||1.0631|
|Support 3||1240.1||17.97||49.99||150 9/32||1.0598|
|Contract||May Corn||May Wheat||May Beans||May SoyMeal||April Nat Gas|
German Industrial Production m/m
German Trade Balance
French Gov Budget Balance
French Industrial Production m/m
French Trade Balance
Halifax HPI m/m
Italian Retail Sales m/m
Manufacturing Production m/m
Goods Trade Balance
Construction Output m/m
Industrial Production m/m
BOE Gov Carney Speaks
NIESR GDP Estimate
Average Hourly Earnings m/m
Non-Farm Employment Change
Final Wholesale Inventories m/m
FOMC Member Dudley Speaks
Consumer Credit m/m
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.