{"id":18872,"date":"2023-08-30T12:37:58","date_gmt":"2023-08-30T20:37:58","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18872"},"modified":"2023-08-30T12:38:38","modified_gmt":"2023-08-30T20:38:38","slug":"what-you-need-to-know-if-you-are-trading-futures-on-aug-31st-2023","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/what-you-need-to-know-if-you-are-trading-futures-on-aug-31st-2023\/","title":{"rendered":"What You Need to Know if you are Trading Futures on Aug 31st 2023"},"content":{"rendered":"
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What you need to know before trading futures tomorrow – Aug 31st 2023<\/h3>\n

by Mark O’Brien, Senior Broker<\/em><\/p>\n

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General:\u00a0<\/strong><\/p>\n

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Once again, we\u2019re a couple of days away from\u202fthe Labor Dept.\u2019s release of its monthly Non-farm payrolls report \u2013 widely considered one of the most important and influential measures of the U.S. economy.\u00a0 The report is released at 7:30 A.M., Central Time on the first Friday of the month.<\/p>\n

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The annual Jackson Hole Symposium concluded last week and Federal Reserve Chair Jerome Powell declared further interest rate increases are not off the table.\u00a0 Even with higher loan rates making it harder to afford a car or a home or for businesses to finance expansion the economy is still growing.\u00a0 Core inflation (excluding volatile food and energy prices) remains elevated, consumers keep spending briskly and hiring continues with the U.S. employment rate still around 50-year lows.\u00a0 Chair Powell hewed to the Fed\u2019s commitment to data dependance: the Central Bank \u201cwill proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data.\u201d<\/p>\n

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Softs:\u00a0<\/strong><\/p>\n

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Five trading sessions and a \u00b1two-cent ($2,240) move up later, March \u201924 sugar futures<\/a> are once again threatening to break above 26 cents \/ lb., matching sugar\u2019s 10-yr. highs. And life-of-contract highs for the March \u201924 contract.<\/p>\n

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After a brief let-up including a weighty single-day \u00b124-cent ($3,600) intraday drop from its highs on Aug. 17th, Nov. orange juice<\/a> rebounded and closed today at a new all-time high of $3.29.20 per pound.<\/p>\n

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Labor day is almost here,\u00a0see modified trading schedule HERE<\/a><\/p>\n

Plan your trade and trade your plan<\/a><\/p>\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.\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

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

08-31-2023<\/p>\n

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

Improve Your Trading Skills<\/h2>\n
Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a><\/div>\n
\u00a01-800-454-9572\u00a0Explore trading methods.\u00a0Register Here<\/a><\/div>\n


\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 more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ What you need to know before trading futures tomorrow – Aug 31st 2023 by Mark O’Brien, Senior Broker   General:\u00a0   Once again, we\u2019re a couple of days away from\u202fthe Labor Dept.\u2019s release of its monthly Non-farm payrolls report \u2013 widely considered one […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,76,230,30,61,234],"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-18872","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-commodity-trading-2","category-day-trading-2","category-futures-broker-2","category-futures-trading-2","category-trading-guide","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\/18872","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=18872"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18872\/revisions"}],"predecessor-version":[{"id":18874,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18872\/revisions\/18874"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}