{"id":14545,"date":"2018-10-04T12:10:33","date_gmt":"2018-10-04T20:10:33","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=14545"},"modified":"2018-10-04T12:10:33","modified_gmt":"2018-10-04T20:10:33","slug":"nfp-tomorrow-trading-levels-10-05-2018","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/nfp-tomorrow-trading-levels-10-05-2018\/","title":{"rendered":"NFP tomorrow + Trading Levels for 10.05.2018"},"content":{"rendered":"

____________________________________________________________________<\/span><\/b><\/em><\/p>\n

Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0<\/a>for 2016!!\u00a0\u00a0<\/span><\/b><\/em><\/p>\n

____________________________________________________________________<\/span><\/b><\/em><\/p>\n

Dear Traders,<\/p>\n

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NFP – Non Farm Payrolls report is due tomorrow at 8:30 Am EST. This is\u00a0 market moving report. I personally like to look for breakouts, retracements and then a signal that the first brekaout was valid and go with that direction but obviously this is just a general frame and the actual trading is much riskier \/ complicated than that.<\/div>\n
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What is NFP?\u00a0Non-Farm Payrolls ( credit:\u00a0www.nasdaq.com<\/a>\u00a0)<\/div>\n
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The US\u00a0economic calendar<\/a>\u00a0is stacked with many events throughout the month but none is more anticipated that the release of Non-Farm Payroll figures.\u00a0Non-Farm Payrolls\u00a0also known as NFP, is reported monthly by the US Bureau of Labor Statistics to give a timely glimpse into employment changes inside of the United States. Ultimately this report can give traders insight into whether the US economy is expanding or contracting while directly influences the decisions of policy makers such as the US Federal Reserve. With this in mind let’s take a closer at this news event, so we can better understand NFP and its potential impact on marks.<\/em><\/div>\n
First, NFP looks specifically at net changes in employment as jobs are created or subtracted in an economy in any given month. The term Non-Farm is used since farm \/ agricultural workers are not included in the employment count. The decision to not include agricultural jobs lies in these jobs being largely seasonal that could possibly produce small temporary shifts in labor reporting. For this reason certain government employees, private household employees and nonprofit organization are also not included in the count.<\/em><\/div>\n
NFP reports affect interest rate futures, forex futures, indices, metals and even the energy sector to name some of the markets moved by this report.<\/div>\n
Plan your trade, trade your plan and stay nimble along the way……<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Good Trading<\/strong><\/p>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 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

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

10-05-2018<\/p>\n

 <\/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
Contract December 2018<\/td>\n\u00a0SP500 #ES_F<\/td>\nNasdaq100\u00a0 #NQ_F<\/td>\nDow Jones\u00a0 #YM_F<\/td>\nMini Russell #RTY_F<\/td>\nBitCoin Index #XBT_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2965.25<\/td>\n7822.67<\/td>\n27182<\/td>\n1699.80<\/td>\n6812.99<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2945.75<\/td>\n7736.83<\/td>\n27007<\/td>\n1687.80<\/td>\n6704.88<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2926.75<\/td>\n7628.17<\/td>\n26833<\/td>\n1669.50<\/td>\n6637.76<\/td>\n<\/tr>\n
Pivot<\/td>\n2907.25<\/td>\n7542.33<\/td>\n26658<\/td>\n1657.50<\/td>\n6529.65<\/td>\n<\/tr>\n
Support 1<\/td>\n2888.25<\/td>\n7433.67<\/td>\n26484<\/td>\n1639.20<\/td>\n6462.53<\/td>\n<\/tr>\n
Support 2<\/td>\n2868.75<\/td>\n7347.83<\/td>\n26309<\/td>\n1627.20<\/td>\n6354.42<\/td>\n<\/tr>\n
Support 3<\/td>\n2849.75<\/td>\n7239.17<\/td>\n26135<\/td>\n1608.90<\/td>\n6287.30<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDecember Gold #GC_F<\/td>\nDec. Silver #SI-F<\/td>\nNov. Crude Oil #CL-F<\/td>\nDec.\u00a0 Bonds\u00a0 #ZB_F<\/td>\nDec.\u00a0 Euro #6E_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1220.6<\/td>\n15.00<\/td>\n78.64<\/td>\n138 26\/32<\/td>\n1.1694<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1215.6<\/td>\n14.90<\/td>\n77.56<\/td>\n138 18\/32<\/td>\n1.1650<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1209.5<\/td>\n14.76<\/td>\n76.05<\/td>\n138\u00a0 8\/32<\/td>\n1.1614<\/td>\n<\/tr>\n
Pivot<\/td>\n1204.5<\/td>\n14.66<\/td>\n74.97<\/td>\n138<\/td>\n1.1570<\/td>\n<\/tr>\n
Support 1<\/td>\n1198.4<\/td>\n14.51<\/td>\n73.46<\/td>\n137 22\/32<\/td>\n1.1534<\/td>\n<\/tr>\n
Support 2<\/td>\n1193.4<\/td>\n14.41<\/td>\n72.38<\/td>\n137 14\/32<\/td>\n1.1490<\/td>\n<\/tr>\n
Support 3<\/td>\n1187.3<\/td>\n14.27<\/td>\n70.87<\/td>\n137\u00a0 4\/32<\/td>\n1.1454<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec.\u00a0 Corn #ZC_F<\/td>\nDec. Wheat #ZW_F<\/td>\nNov. Beans #ZS_F<\/td>\nDec. SoyMeal #ZM_F<\/td>\nNov. Nat Gas #NG_F<\/td>\n<\/tr>\n
Resistance 3<\/td>\n371.5<\/td>\n528.3<\/td>\n875.67<\/td>\n319.33<\/td>\n3.37<\/td>\n<\/tr>\n
Resistance 2<\/td>\n370.0<\/td>\n524.5<\/td>\n872.08<\/td>\n317.27<\/td>\n3.31<\/td>\n<\/tr>\n
Resistance 1<\/td>\n368.8<\/td>\n521.3<\/td>\n865.67<\/td>\n314.73<\/td>\n3.25<\/td>\n<\/tr>\n
Pivot<\/td>\n367.3<\/td>\n517.5<\/td>\n862.08<\/td>\n312.67<\/td>\n3.19<\/td>\n<\/tr>\n
Support 1<\/td>\n366.0<\/td>\n514.3<\/td>\n855.7<\/td>\n310.1<\/td>\n3.1<\/td>\n<\/tr>\n
Support 2<\/td>\n364.5<\/td>\n510.5<\/td>\n852.08<\/td>\n308.07<\/td>\n3.07<\/td>\n<\/tr>\n
Support 3<\/td>\n363.3<\/td>\n507.3<\/td>\n845.67<\/td>\n305.53<\/td>\n3.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports, source:\u00a0<\/strong><\/p>\n

www.forexfactory.com<\/a><\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n3:39pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
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FriOct 5<\/span><\/td>\n<\/a>\u00a02:00am<\/span><\/td>\nEUR<\/td>\n\n
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German Factory Orders m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.7%<\/td>\n-0.9%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n\n
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German PPI m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n2:45am<\/td>\nEUR<\/td>\n\n
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French Gov Budget Balance<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n-82.8B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n\n
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French Trade Balance<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-4.5B<\/td>\n-3.5B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:30am<\/td>\nGBP<\/td>\n\n
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Halifax HPI m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n\n
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Italian Retail Sales m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n-0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n\n
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Average Hourly Earnings m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n\n
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Non-Farm Employment Change<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n185K<\/td>\n201K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n\n
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Unemployment Rate<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n3.8%<\/td>\n3.9%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n\n
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Trade Balance<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-53.4B<\/td>\n-50.1B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n12:40pm<\/td>\nUSD<\/td>\n\n
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FOMC Member Bostic Speaks<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:00pm<\/td>\nUSD<\/td>\n\n
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Consumer Credit m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n14.9B<\/td>\n16.6B<\/td>\n<\/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. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

____________________________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 ____________________________________________________________________ Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! NFP – Non Farm Payrolls report is due tomorrow at 8:30 Am EST. This is\u00a0 market moving report. I personally like to look for breakouts, retracements and then a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-14545","post","type-post","status-publish","format-standard","hentry","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14545","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=14545"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14545\/revisions"}],"predecessor-version":[{"id":14546,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/14545\/revisions\/14546"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=14545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=14545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=14545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}