{"id":18964,"date":"2023-09-18T12:19:10","date_gmt":"2023-09-18T20:19:10","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18964"},"modified":"2023-09-18T12:19:25","modified_gmt":"2023-09-18T20:19:25","slug":"fomc-week-ahead-levels-for-sept-19th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/fomc-week-ahead-levels-for-sept-19th\/","title":{"rendered":"FOMC week ahead! + Levels for Sept. 19th 2023"},"content":{"rendered":"
\n
\n
Get Real Time updates and more on our private FB group!<\/span><\/div>\n
\n
\n
\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/div>\n
<\/div>\n
\n

The Week Ahead: FED Talk<\/h3>\n

By John Thorpe, Senior Broker<\/em><\/p>\n

1st\u00a0of the final 3 Fed meetings this year happens this week.<\/p>\n

The 1st\u00a0upcoming meeting on Wednesday the 20th and the final Fed meeting December 13th\u00a0will also include as a component \u201cProjection Materials\u201d or \u201cSummary of Economic Projections\u201d. The Summary of economic projections should give us a better view of what the voting Fed members are seeing as well.\u00a0They represent more data driven insights than merely the commentary that follows the rate decisions.<\/p>\n

Again, the language of Wednesday\u2019s commentary will be more heavily based on data dependency as investors look for language alluding to the end of the rate increase cycle.<\/p>\n

 <\/p>\n

 <\/p>\n

The Oct31\/Nov 1 Fed (this is the 2nd\u00a0of 3 remaining this Year) meeting will not include this data but will still include Fed Chair Powell\u2019s commentary.<\/p>\n

Why focus on fed meetings?\u00a0There is Clear correlation between expectations of interest rate changes and Equity Market prices.\u00a0An overly simplistic description: Interest rates go higher, equity prices go lower and the correlative inverse should also follow that when interest rates go lower, equity prices go higher.<\/p>\n

Clearly our equity indices are range bound as the market has been discounting any and all further rate increases the Fed has alluded to.\u00a0What has been supporting the market is the view that rate tightening is nearing an end.\u00a0The Summary of economic projections should give us a better view of what the voting Fed members are seeing as well.\u00a0<\/a><\/p>\n

CME Fedwatch Tool is reflecting a 99% probability of no rate change this meeting, maintaining the 5.25-5.50 current borrowing rate with a 1 % chance of a raise in rates.<\/p>\n

Earnings<\/p>\n

Fedex<\/a>\u00a0\u00a0\u00a0(FDX<\/a>) headlines a relatively light earnings calendar this week, with the logistics giant slated to disclose its fiscal first-quarter results\u00a0after Wednesday’s close. Analysts, on average, expect the company to report earnings of $3.73 per share, up 8.4% year-over-year (YoY), on revenue of $21.8 billion (-7.6% YoY).<\/p>\n<\/div>\n

\n

\"\"<\/p>\n

Plan your trade and trade your plan<\/a><\/p>\n<\/div>\n

<\/div>\n
<\/div>\n

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

\"\"<\/a><\/h3>\n

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

09-19-2023<\/p>\n

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

 <\/p>\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

\"\"<\/p>\n

 <\/p>\n

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\/ The Week Ahead: FED Talk By John Thorpe, Senior Broker 1st\u00a0of the final 3 Fed meetings this year happens this week. The 1st\u00a0upcoming meeting on Wednesday the 20th and the final Fed meeting December 13th\u00a0will also include as a component \u201cProjection Materials\u201d or […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,230,782,30,3,234],"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-18964","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-economic-trading","category-futures-broker-2","category-futures-exchange","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\/18964","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=18964"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18964\/revisions"}],"predecessor-version":[{"id":18966,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18964\/revisions\/18966"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}