{"id":17265,"date":"2021-11-03T12:25:11","date_gmt":"2021-11-03T20:25:11","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17265"},"modified":"2021-11-03T12:25:11","modified_gmt":"2021-11-03T20:25:11","slug":"fomc-reaction-in-the-futures-market-support-and-resistance-levels-11-04-2021","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/fomc-reaction-in-the-futures-market-support-and-resistance-levels-11-04-2021\/","title":{"rendered":"FOMC Reaction in the Futures Market & Support and Resistance Levels 11.04.2021"},"content":{"rendered":"

Dear Futures Trader,<\/p>\n

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Get Real Time updates and\u00a0more on our private FB group!<\/div>\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n
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FOMC came out and stocks reacted with another leg up – what’s next?<\/h1>\n
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FEDERAL RESERVE BEGAN<\/div>\n
TAPPERING ITS $120 BILLION A MONTH PROGRAM.<\/div>\n
<\/div>\n
$10 BILLION A MONTH OF<\/div>\n
TREASURIES<\/div>\n
<\/div>\n
$5 BILLION A MONTH OF<\/div>\n
MORTGAGE BACKED SECURITIES<\/div>\n
<\/div>\n
WAS:<\/div>\n
$80 BILLION OF TREASURIES<\/div>\n
$40 BILLION OF MORTGAGE BACKED<\/div>\n
<\/div>\n
$1.44 TRILLION FOR THE YEAR<\/div>\n
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Gold sold off before hand and only bounced slightly.<\/div>\n
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Bonds sold off slightly.<\/div>\n
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Crude sold off the most but in my opinion it was API\/ OPEC related and not FOMC related.<\/div>\n
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Many times, the real reaction to FOMC comes out the next day so price action, asset allocation across the different markets is important to watch.<\/div>\n
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If you are looking for other reference material please\u00a0contact your Cannon Broker<\/a>\u00a0for lists of solid, informative and helpful trading tomes<\/div>\n<\/div>\n

Good Trading<\/strong><\/h3>\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 when it comes to Futures Trading.<\/p>\n

 <\/p>\n

Futures Trading Levels<\/strong><\/h3>\n

11-04-2021<\/p>\n

\"Futures<\/p>\n

 <\/p>\n


\n<\/a>Economic Reports, source:\u00a0<\/strong><\/h3>\n

https:\/\/bettertrader.co\/\u00a0<\/a><\/p>\n

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\"BetterTrader<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

 <\/p>\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\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":"

Dear Futures Trader, Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ FOMC came out and stocks reacted with another leg up – what’s next? FEDERAL RESERVE BEGAN TAPPERING ITS $120 BILLION A MONTH PROGRAM. $10 BILLION A MONTH OF TREASURIES $5 BILLION A MONTH OF MORTGAGE BACKED SECURITIES WAS: $80 BILLION OF […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[358,67],"tags":[1045,943,1270,608,171,1157,536,55,1422],"class_list":["post-17265","post","type-post","status-publish","format-standard","hentry","category-futures-trading-education","category-future-trading-news","tag-bonds","tag-bonds-futures","tag-crude-oil-and-futures","tag-crude-oil-bounce","tag-fomc","tag-fomc-levels-economic-reports","tag-fomc-day-aftermath","tag-fomc-meeting","tag-us-bonds"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17265","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=17265"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17265\/revisions"}],"predecessor-version":[{"id":17266,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17265\/revisions\/17266"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}