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ECB Rate Alert 1.19.2017

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*     Keep in mind that Crude Oil numbers WILL  come out tomorrow since Monday was a holiday ( MLK Day). The crude oil numbers will come out on Thursday at 8 AM pacific or 10 Am Central. Natural gas numbers will come out tomorrow as well at 7:30 AM Pacific.

**

Thursday, January 19th

ECB Interest Rate Decision

07:45 EDT/12:45 GMT

Expected to leave key rates unchanged

– Maintain Main Refinancing Rate at 0.00%
– Maintains Deposit Rate at -0.40%
– Maintain Marginal Lending Rates at 0.25%

What the News Desk Says ( www.TradeTheNews.com )

The ECB governing council is likely to keep its policy unchanged despite a steady improvement on the inflation front (being dictated primarily by energy prices). Analysts note that the December inflation surge should not shift the ECB message as headline inflation was increasing quite substantially but core inflation was not. Some German officials have been campaigning for the ECB to start tightening policy, but the majority of the Council still believes that such calls are premature. As 2017 progresses the debate is likely to shift as the threat of deflation recedes and the inflation rate rises in coming months, but nothing new is expected at this first policy meeting of the year…. more

** Please vote! the competition ends January 31st and you can vote every day, even if you voted before.

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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 01.19.2017

Contract March 2017 SP500 Nasdaq100 Dow Jones Mini Russell Dollar Index
Resistance 3 2281.33 5083.75 19920 1372.33 102.54
Resistance 2 2274.92 5070.50 19855 1365.47 101.91
Resistance 1 2271.08 5060.50 19798 1361.23 101.57
Pivot 2264.67 5047.25 19733 1354.37 100.94
Support 1 2260.83 5037.25 19676 1350.13 100.60
Support 2 2254.42 5024.00 19611 1343.27 99.97
Support 3 2250.58 5014.00 19554 1339.03 99.63
Contract Feb. Gold March Silver Mar. Crude Oil Mar. Bonds March   Euro
Resistance 3 1230.5 17.59 55.14 154 12/32 1.0797
Resistance 2 1224.1 17.48 54.37 153 27/32 1.0767
Resistance 1 1214.6 17.29 53.25 152 24/32 1.0714
Pivot 1208.2 17.18 52.48 152 7/32 1.0684
Support 1 1198.7 16.99 51.36 151 4/32 1.0631
Support 2 1192.3 16.88 50.59 150 19/32 1.0601
Support 3 1182.8 16.69 49.47 149 16/32 1.0548
Contract March Corn March Wheat Mar. Beans March SoyMeal Feb. Nat Gas
Resistance 3 372.6 440.5 1098.67 364.50 3.56
Resistance 2 370.2 437.5 1089.33 359.10 3.50
Resistance 1 367.6 434.3 1082.17 355.10 3.41
Pivot 365.2 431.3 1072.83 349.70 3.34
Support 1 362.6 428.0 1065.7 345.7 3.3
Support 2 360.2 425.0 1056.33 340.30 3.19
Support 3 357.6 421.8 1049.17 336.30 3.10

All times are Eastern time Zone (EST)

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

Date 3:58pm Currency Impact Detail Actual Forecast Previous Graph
ThuJan 19 4:00am EUR
Current Account
29.3B 28.4B
Day 3 ALL
WEF Annual Meetings
7:45am EUR
Minimum Bid Rate
0.00% 0.00%
8:30am EUR
ECB Press Conference
USD
Building Permits
1.22M 1.20M
USD
Philly Fed Manufacturing Index
16.3 21.5
USD
Unemployment Claims
252K 247K
USD
Housing Starts
1.19M 1.09M
10:30am USD
Natural Gas Storage
-235B -151B
11:00am USD
Crude Oil Inventories
0.1M 4.1M
8:00pm USD
Fed Chair Yellen Speaks

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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