{"id":19039,"date":"2023-09-25T12:12:51","date_gmt":"2023-09-25T20:12:51","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19039"},"modified":"2023-09-25T12:12:51","modified_gmt":"2023-09-25T20:12:51","slug":"the-week-ahead-outlook-futures-trading-levels-for-sept-26th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/the-week-ahead-outlook-futures-trading-levels-for-sept-26th\/","title":{"rendered":"The Week Ahead Outlook + Futures Trading Levels for Sept. 26th"},"content":{"rendered":"
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The Week Ahead…..<\/h3>\n

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

While the economic data calendar is well-populated in the September 25 week, nothing will distract from the looming federal shutdown if Congress fails to fund the government by September 30. A failure to pass a spending package would mean adding uncertainty to the economic outlook. Many businesses including small ones depend on government contracts; and without new contracts signed, a round of layoffs could be triggered at a time when skilled workers are difficult to replace. An extended shutdown would disrupt government services including the routine reporting of economic data not to mention inconvenience and perhaps damage businesses and households.<\/p>\n

For housing reports, the ongoing surge in mortgage rates makes data from July and August relatively out of date. September data from both home builders and mortgage bankers point to a pullback as consumers reconsider buying while prices remain elevated and mortgage rates at 22-year highs. For September to date, the 30-year fixed rate has averaged 7.16 percent, the highest since 7.16 percent in July 2001. If the housing market is in a downturn due to high rates and elevated prices, the lack of supply of homes has helped maintain competition for available units. Determined homebuyers do have some negotiating power \u2013 more for new construction than existing units. Those buying in the current market may be doing so with the expectation that mortgage rates will come down again and allow them to refinance to a more affordable rate.<\/p>\n

On Friday, the report on personal income and spending at 8:30 ET will include the PCE deflator for August. This is the Fed\u2019s preferred measure of inflation. It is likely to mirror the moves in the August CPI with energy costs boosting the overall index a bit, but with signs of further moderation in prices outside of food and energy.<\/p>\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

09-26-2023<\/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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Improve Your Trading Skills<\/h2>\n
Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a><\/div>\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 more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ The Week Ahead….. By Senior Broker, John Thorpe While the economic data calendar is well-populated in the September 25 week, nothing will distract from the looming federal shutdown if Congress fails to fund the government by September 30. A failure to pass a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,230,30,61,234],"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-19039","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-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\/19039","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=19039"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19039\/revisions"}],"predecessor-version":[{"id":19040,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19039\/revisions\/19040"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}