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Non Farm Payroll due Tomorrow – Market Moving Report 4.07.2017

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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
(US) Mar Change in Private Payrolls
(US) Mar Change in Manufacturing 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…..

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 04.07.2017

Contract June 2017  SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2386.58 5488.42 20865 1397.60 101.16
Resistance 2 2373.92 5462.83 20778 1380.90 100.92
Resistance 1 2363.33 5441.17 20687 1372.00 100.78
Pivot 2350.67 5415.58 20600 1355.30 100.53
Support 1 2340.08 5393.92 20509 1346.40 100.39
Support 2 2327.42 5368.33 20422 1329.70 100.15
Support 3 2316.83 5346.67 20331 1320.80 100.01
Contract June Gold May Silver May Crude Oil June  Bonds June  Euro
Resistance 3 1268.9 18.54 53.14 153 1.0762
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
Pivot 1255.3 18.26 51.43 151 19/32 1.0686
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
Resistance 3 368.4 436.9 951.00 313.37 3.45
Resistance 2 366.6 433.6 948.50 312.23 3.39
Resistance 1 363.7 428.4 945.00 310.47 3.35
Pivot 361.8 425.1 942.50 309.33 3.29
Support 1 358.9 419.9 939.0 307.6 3.2
Support 2 357.1 416.6 936.50 306.43 3.19
Support 3 354.2 411.4 933.00 304.67 3.14

All times are Eastern time Zone (EST)

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

Date 3:55pm Currency Impact Detail Actual Forecast Previous Graph
FriApr 7  2:00am EUR
German Industrial Production m/m
-0.1% 2.8%
EUR
German Trade Balance
19.4B 18.5B
2:45am EUR
French Gov Budget Balance
-5.4B
EUR
French Industrial Production m/m
0.5% -0.3%
EUR
French Trade Balance
-4.9B -7.9B
3:30am GBP
Halifax HPI m/m
0.2% 0.1%
4:00am EUR
Italian Retail Sales m/m
-0.1% 1.4%
4:30am GBP
Manufacturing Production m/m
0.3% -0.9%
GBP
Goods Trade Balance
-10.9B -10.8B
GBP
Construction Output m/m
0.1% -0.4%
GBP
Industrial Production m/m
0.2% -0.4%
5:00am GBP
BOE Gov Carney Speaks
8:00am GBP
NIESR GDP Estimate
0.6%
8:30am USD
Average Hourly Earnings m/m
0.2% 0.2%
USD
Non-Farm Employment Change
174K 235K
USD
Unemployment Rate
4.7% 4.7%
10:00am USD
Final Wholesale Inventories m/m
0.1% -0.1%
12:15pm USD
FOMC Member Dudley Speaks
3:00pm USD
Consumer Credit m/m
14.2B 8.8B

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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