{"id":10502,"date":"2015-10-29T12:32:18","date_gmt":"2015-10-29T20:32:18","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=10502"},"modified":"2017-09-14T04:16:32","modified_gmt":"2017-09-14T12:16:32","slug":"futures-levels-economic-reports-10-30-2015","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/futures-levels-economic-reports-10-30-2015\/","title":{"rendered":"Futures Levels & Economic Reports 10.30.2015"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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1.\u00a0Market Commentary<\/a><\/strong>
\n2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5.\u00a0Futures Economic Reports for Friday October 30, 2015<\/a><\/strong><\/p>\n

Hello Traders,<\/strong><\/p>\n

For 2015 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

Voted #1 futures trading blog!<\/a><\/div>\n
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While this TradeTheNews.com update was emailed to me much earlier in the day ( you can sign up for\u00a0free trial of LIVE updates\u00a0<\/a>through out the day), I wanted to share it with you as it brings some insight into FOMC we had and the one coming up in December and what currently affecting the markets.<\/div>\n
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US equities are giving up some of the gains seen in yesterday’s session, as the GDP data blunts the post-FOMC bounce higher. Note that the 10-year UST is selling off hand-in-hand with stocks, with the benchmark yield up five basis points to 2.151%.<\/div>\n
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Fed funds futures are now predicting a 50% chance of rate hikes at the December FOMC meeting, up sharply from below 40% yesterday. As of writing, the DJIA has given up 0.41%, the S&P500 is off 0.26% and the Nasdaq is down 0.37%.In its decision yesterday afternoon, the FOMC dropped a reference to global risks restraining growth and referred to its “next meeting” on Dec. 15-16 as “live” as it discussed the timing of rate liftoff. Fed’s Lacker dissented for a second time, remaining in favor of an immediate 0.25% rate increase. With job growth remaining pretty solid (the four-week MA in the continuing claims data out today sank to its lowest level since 1973), inflation continues to be the main source of uncertainty. Just this morning, the third quarter GDP price index and core PCE measures undershot expectations.The advance reading of annualized third quarter GDP slightly undershot expectations, and dramatically slowed from the second quarter rate, dropping to +1.5% from +3.9%. Analysts widely interpreted the slowdown as a direct result of businesses cutting back on restocking to work off an inventory glut. Businesses accumulated $56.8 billion worth of inventory in the third quarter, the smallest since the first quarter of 2014 and down sharply from $113.5 billion in the April-June period. Meanwhile, third quarter consumer spending expanded at a +3.2% annualized rate in the quarter after expanding at a +3.6% annualized rate in the second quarter, suggesting that the consumer sector remains quite healthy.<\/p>\n

Shares of Allergan are up 8.6% this morning after disclosing it it had been approached and was in “preliminary friendly discussions” with Pfizer regarding a potential merger, but also warned no deal has been finalized. In a separate statement, Pfizer confirmed the talks, saying it would not speculate on terms of a potential agreement. Recall that in Spring of 2014, Pfizer tried and failed to acquire AstraZeneca. Reports out yesterday indicated that both companies were in discussions to create what would be the world’s largest healthcare company with a combined market cap of around $330 billion.<\/p>\n<\/div>\n<\/div>\n

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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.<\/p>\n

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Futures Trading Levels<\/a><\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract Dec. 2015<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2101.83<\/td>\n4702.08<\/td>\n17830<\/td>\n1187.57<\/td>\n98.15<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2094.17<\/td>\n4686.17<\/td>\n17769<\/td>\n1181.63<\/td>\n97.97<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2088.58<\/td>\n4674.58<\/td>\n17726<\/td>\n1171.57<\/td>\n97.67<\/td>\n<\/tr>\n
Pivot<\/td>\n2080.92<\/td>\n4658.67<\/td>\n17665<\/td>\n1165.63<\/td>\n97.49<\/td>\n<\/tr>\n
Support 1<\/td>\n2075.33<\/td>\n4647.08<\/td>\n17622<\/td>\n1155.57<\/td>\n97.19<\/td>\n<\/tr>\n
Support 2<\/td>\n2067.67<\/td>\n4631.17<\/td>\n17561<\/td>\n1149.63<\/td>\n97.01<\/td>\n<\/tr>\n
Support 3<\/td>\n2062.08<\/td>\n4619.58<\/td>\n17518<\/td>\n1139.57<\/td>\n96.71<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Gold<\/td>\nDec. Silver<\/td>\nDec. Crude Oil<\/td>\nDec. Bonds<\/td>\nDec. \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1175.4<\/td>\n16.35<\/td>\n48.28<\/td>\n160 4\/32<\/td>\n1.1096<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1168.9<\/td>\n16.18<\/td>\n47.53<\/td>\n159 6\/32<\/td>\n1.1044<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1157.1<\/td>\n15.88<\/td>\n46.65<\/td>\n157 17\/32<\/td>\n1.1012<\/td>\n<\/tr>\n
Pivot<\/td>\n1150.6<\/td>\n15.71<\/td>\n45.90<\/td>\n156 19\/32<\/td>\n1.0960<\/td>\n<\/tr>\n
Support 1<\/td>\n1138.8<\/td>\n15.40<\/td>\n45.02<\/td>\n154 30\/32<\/td>\n1.0928<\/td>\n<\/tr>\n
Support 2<\/td>\n1132.3<\/td>\n15.23<\/td>\n44.27<\/td>\n154<\/td>\n1.0876<\/td>\n<\/tr>\n
Support 3<\/td>\n1120.5<\/td>\n14.93<\/td>\n43.39<\/td>\n152 11\/32<\/td>\n1.0844<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Corn<\/td>\nDec. Wheat<\/td>\nJan Beans<\/td>\nDec. SoyMeal<\/td>\nDec. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n386.8<\/td>\n532.5<\/td>\n894.00<\/td>\n309.13<\/td>\n2.48<\/td>\n<\/tr>\n
Resistance 2<\/td>\n383.7<\/td>\n525.0<\/td>\n888.75<\/td>\n306.27<\/td>\n2.43<\/td>\n<\/tr>\n
Resistance 1<\/td>\n381.8<\/td>\n520.0<\/td>\n883.75<\/td>\n303.93<\/td>\n2.34<\/td>\n<\/tr>\n
Pivot<\/td>\n378.7<\/td>\n512.5<\/td>\n878.50<\/td>\n301.07<\/td>\n2.29<\/td>\n<\/tr>\n
Support 1<\/td>\n376.8<\/td>\n507.5<\/td>\n873.5<\/td>\n298.7<\/td>\n2.2<\/td>\n<\/tr>\n
Support 2<\/td>\n373.7<\/td>\n500.0<\/td>\n868.25<\/td>\n295.87<\/td>\n2.15<\/td>\n<\/tr>\n
Support 3<\/td>\n371.8<\/td>\n495.0<\/td>\n863.25<\/td>\n293.53<\/td>\n2.07<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
Economic Reports<\/strong><\/div>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST<\/a>)<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:01pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
FriOct 30<\/td>\n<\/a>\u00a03:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman Retail Sales m\/m<\/td>\n<\/td>\n<\/td>\n0.4%<\/td>\n-0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:45am<\/td>\nEUR<\/td>\n<\/td>\nFrench Consumer Spending m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\nSpanish Flash GDP q\/q<\/td>\n<\/td>\n<\/td>\n0.9%<\/td>\n1.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\nItalian Monthly Unemployment Rate<\/td>\n<\/td>\n<\/td>\n11.9%<\/td>\n11.9%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n6:00am<\/td>\nEUR<\/td>\n<\/td>\nCPI Flash Estimate y\/y<\/td>\n<\/td>\n<\/td>\n0.0%<\/td>\n-0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nCore CPI Flash Estimate y\/y<\/td>\n<\/td>\n<\/td>\n0.9%<\/td>\n0.9%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nUnemployment Rate<\/td>\n<\/td>\n<\/td>\n11.0%<\/td>\n11.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nItalian Prelim CPI m\/m<\/td>\n<\/td>\n<\/td>\n0.1%<\/td>\n-0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nEmployment Cost Index q\/q<\/td>\n<\/td>\n<\/td>\n0.6%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nCore PCE Price Index m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nPersonal Spending m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nPersonal Income m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:45am<\/td>\nUSD<\/td>\n<\/td>\nChicago PMI<\/td>\n<\/td>\n<\/td>\n49.5<\/td>\n48.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Williams Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nRevised UoM Consumer Sentiment<\/td>\n<\/td>\n<\/td>\n92.6<\/td>\n92.1<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nRevised UoM Inflation Expectations<\/td>\n<\/td>\n<\/td>\n<\/td>\n2.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. 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 judgment in trading.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1.\u00a0Market Commentary 2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver 5.\u00a0Futures Economic Reports for Friday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[144,129],"class_list":["post-10502","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-futures-trading-levels","tag-support-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=10502"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10502\/revisions"}],"predecessor-version":[{"id":13183,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10502\/revisions\/13183"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=10502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=10502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=10502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}