Quadruple Witching + Futures Trading Levels 6.17.2022
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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After starting with a mildly positive tone following yesterday’s Fed 0.75% rate hike – the biggest U.S. rate hike in 22 years – global markets have turned sharply to the downside. The turning point likely came with a surprise 0.50% rate hike by the Swiss National Bank – the first rate hike in 15 years from a central bank with a long-standing dovish policy stance. That increased market anxiety over how entrenched rising inflation has become around the globe.
On a daily basis, U.S. stock indexes have attained oversold status, so an occasional flight-to-quality issue might provide some temporary support. Take into account that the markets remain in a steep downtrend as investors brace for a possible recession and sellers could remain active with so much anxiety and uncertainty.
Juneteenth Trading Schedule: Markets will observe modified trading hours this Monday in observance of Juneteenth. Click the
LINK for more info.
Click the
LINK for more info.
June stock index futures will settle into cash on Friday morning right around the open.
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 when it comes to Futures Trading.
Futures Trading Levels
06-17-2022
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Economic Reports, Source:
Forexfactory.com
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.
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