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5. Futures Economic Reports for Thursday March 17, 2016
Hello Traders,
For 2016 I would like to wish all of you discipline and patience in your trading!
Greetings!
A note on Silver by my colleague, John Thorpe who has over 25 years of experience starting on the floor of the CBOT.
Silver Futures
Here is a daily chart with simple moving averages, a 25 day slow and 10 day fast, the buy signal is still intact. With the fast(red) SMA penetrating the slow (blue) from underneath. RSI in the neutral range.
To the downside 13.40. It will be important for the market to hold the 15.15 to 15.20 area to signify the turn of a partial decline and impending breakout.
Caveat, we could continue to stay in this range for a meandering time period. If we do, the stronger the move on the breakout.
The Following Courtesy of Thomas Bulkowski. Thepatternsite.com
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Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:42pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuMar 17 | 5:00am | EUR | Italian Trade Balance | 4.33B | 6.02B | ||||
| 6:00am | EUR | Final CPI y/y | -0.2% | -0.2% | |||||
| EUR | Final Core CPI y/y | 0.7% | 0.7% | ||||||
| EUR | Trade Balance | 20.2B | 21.0B | ||||||
| Tentative | EUR | Spanish 10-y Bond Auction | 1.69|1.9 | ||||||
| 8:00am | GBP | MPC Official Bank Rate Votes | 0-0-9 | 0-0-9 | |||||
| GBP | Monetary Policy Summary | ||||||||
| GBP | Official Bank Rate | 0.50% | 0.50% | ||||||
| GBP | Asset Purchase Facility | 375B | 375B | ||||||
| GBP | MPC Asset Purchase Facility Votes | 0-0-9 | 0-0-9 | ||||||
| 8:30am | USD | Philly Fed Manufacturing Index | -1.4 | -2.8 | |||||
| USD | Unemployment Claims | 267K | 259K | ||||||
| USD | Current Account | -117B | -124B | ||||||
| 10:00am | USD | JOLTS Job Openings | 5.57M | 5.61M | |||||
| USD | CB Leading Index m/m | 0.2% | -0.2% | ||||||
| 10:30am | USD | Natural Gas Storage | -9B | -57B |
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.