The Week Ahead + 04.11.2023 Trading Levels
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
The Week Ahead
by John Thorpe, Senior Broker
I hope everyone is rested from the holiday week behind us, this week’s economic number releases should keep all the traders on their toes.
CPI Wednesday! The standouts will be the March CPI data on Wednesday at 7:30 CT and retail and food services sales at 7:30 CT on Friday. The CPI will be critical to the inflation outlook for Fed policymakers.
Previous CPI reports have created velocity logic events in the stock indices at the CME. The above reports will Bookend the FOMC minutes release @1pm CT on Wednesday.
If you recall the FED Meeting Black out period was before the Bank issues so don’t expect too much verbage about the banking situation in this report. Also Remember, expectations will be baked into the market at release time, after release, the market has sustained moves when the reality is much different from the expectations.
First Notice and Last trading Days for the month of May below
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Futures Trading Levels
Economic Reports, Source:
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