{"id":18341,"date":"2023-03-20T12:29:40","date_gmt":"2023-03-20T20:29:40","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18341"},"modified":"2023-03-20T12:29:40","modified_gmt":"2023-03-20T20:29:40","slug":"the-fed-breaks-its-silence-03-21-2023-trading-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/the-fed-breaks-its-silence-03-21-2023-trading-levels\/","title":{"rendered":"The Fed Breaks its’ silence! + 03.21.2023 Trading Levels"},"content":{"rendered":"
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Get Real Time updates and\u00a0more on our private FB group!<\/div>\n
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The Week Ahead: FOMC, The FED breaks its Silence..<\/h3>\n

By John Thorpe, Senior broker<\/p>\n

There is little doubt traders will be tightly focused on the FOMC meeting on Tuesday and Wednesday. The release of the meeting statement at 14:00 ET on Wednesday will settle speculation about whether Fed voters will pause interest rate hikes or take rates higher for the eighth meeting in a row. If the Committee raises rates, by how much? Will it be a 25 or 50 basis points?<\/p>\n

Powell\u2019s press briefing at 14:30 ET on Wednesday will be the first opportunity for the press to ask of the Fed Chair about recent turmoil in the banking sector. Most of the news became public just as Fed officials entered the communications blackout period for the next rate announcement (midnight, Saturday March 12 through midnight, Thursday, March 23). Unless there was an urgent need to alter the signals previously given about the direction of monetary policy, it is not a topic that Powell would speak about publicly until after the meeting. Powell is likely to get as many questions about the state of the banking industry in the US as he will about the FOMC decision and forecast.\u00a0My Favorite tool is the CME FedWatch tool.<\/p>\n

The bar graphs represent the fed fund futures prices and adjust daily. As of this writing, according to the tool, there is a 28% chance of no change and a 71% chance of .25 increase, although some economists do expect a .50% increase, the market is discounting that faction and focusing on Zero change\u00a0or a .25 bump.\u00a0CME FedWatch Tool – CME Group<\/a><\/p>\n<\/div>\n

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Beyond the FOMC data this week, we have some housing data that my cause our markets to flinch, Existing home sales tomorrow @ 9:00am CDT. Expectations are for a gentle rise from January\u2019s numbers to 4.17 million units. With initial claims for unemployment on Thursday @7:30 CDT\u00a0before New Home sales @ 9am CDT.\u00a0\u00a0Have a safe trading week,\u00a0Plan your trade and trade your plan.<\/div>\n
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A Cannon broker<\/a> will be able to assist, provide feedback and answer any questions.<\/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.\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

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

03-21-2023<\/p>\n

\"#ES,
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n

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

Forexfactory.com<\/a><\/p>\n

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This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon 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":"

Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ The Week Ahead: FOMC, The FED breaks its Silence.. By John Thorpe, Senior broker There is little doubt traders will be tightly focused on the FOMC meeting on Tuesday and Wednesday. The release of the meeting statement at 14:00 ET on Wednesday will settle […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,1434,76,230,239,61],"tags":[1481,1480,1475,1471,1469,1467,1468,1474,1472,1477,1478,1476,1479,1470,1473,1172,1239,40,627,1277,36],"class_list":["post-18341","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-charts-indicators","category-commodity-trading-2","category-day-trading-2","category-financial-futures","category-futures-trading-2","tag-cbot","tag-comex","tag-commoditiesmarket","tag-commoditiestrader","tag-commoditytrading","tag-crudeoil","tag-daytrader","tag-futuresmarket","tag-futurestrader","tag-kcbt","tag-mgex","tag-nymex","tag-smfe","tag-stockindices","tag-swingtrader","tag-cme","tag-commodities","tag-daytrading","tag-futures","tag-globex","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18341","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=18341"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18341\/revisions"}],"predecessor-version":[{"id":18342,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18341\/revisions\/18342"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}