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Could Fed Rate Hikes Trigger Flight to Quality?
- 13 Jul 2017
- By Erik Norland CME group
- Topics: Economic Events
As interest rates in the United States go higher over the next two years, will it trigger a flight to quality into bonds on both sides of the Atlantic Ocean?
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
7-20-2017
| Contract September 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2489.17 | 5967.17 | 21716 | 1464.17 | 94.97 |
| Resistance 2 | 2480.33 | 5946.08 | 21655 | 1453.13 | 94.83 |
| Resistance 1 | 2475.42 | 5931.17 | 21624 | 1447.37 | 94.72 |
| Pivot | 2466.58 | 5910.08 | 21563 | 1436.33 | 94.58 |
| Support 1 | 2461.67 | 5895.17 | 21532 | 1430.57 | 94.48 |
| Support 2 | 2452.83 | 5874.08 | 21471 | 1419.53 | 94.34 |
| Support 3 | 2447.92 | 5859.17 | 21440 | 1413.77 | 94.23 |
| Contract | August Gold | Sept. Silver | Sept. Crude Oil | Sept. Bonds | Sept. Euro |
| Resistance 3 | 1253.2 | 16.59 | 48.89 | 154 17/32 | 1.1629 |
| Resistance 2 | 1248.3 | 16.47 | 48.18 | 154 10/32 | 1.1612 |
| Resistance 1 | 1244.8 | 16.37 | 47.75 | 154 4/32 | 1.1582 |
| Pivot | 1239.9 | 16.25 | 47.04 | 153 29/32 | 1.1564 |
| Support 1 | 1236.4 | 16.15 | 46.61 | 153 23/32 | 1.1534 |
| Support 2 | 1231.5 | 16.03 | 45.90 | 153 16/32 | 1.1517 |
| Support 3 | 1228.0 | 15.93 | 45.47 | 153 10/32 | 1.1487 |
| Contract | Dec. Corn | Sept. Wheat | November Beans | Dec. SoyMeal | Aug. Nat Gas |
| Resistance 3 | 411.0 | 517.0 | 1030.33 | 342.57 | 3.13 |
| Resistance 2 | 406.8 | 513.0 | 1023.67 | 338.93 | 3.12 |
| Resistance 1 | 401.5 | 508.0 | 1018.08 | 336.57 | 3.09 |
| Pivot | 397.3 | 504.0 | 1011.42 | 332.93 | 3.08 |
| Support 1 | 392.0 | 499.0 | 1005.8 | 330.6 | 3.1 |
| Support 2 | 387.8 | 495.0 | 999.17 | 326.93 | 3.04 |
| Support 3 | 382.5 | 490.0 | 993.58 | 324.57 | 3.01 |
Economic Reports, source:
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.