{"id":19117,"date":"2023-10-30T12:15:06","date_gmt":"2023-10-30T20:15:06","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19117"},"modified":"2023-10-30T12:15:06","modified_gmt":"2023-10-30T20:15:06","slug":"fomc-wednesday-aapl-thursday-jobs-report-friday-futures-trading-levels-for-oct-31st","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/fomc-wednesday-aapl-thursday-jobs-report-friday-futures-trading-levels-for-oct-31st\/","title":{"rendered":"FOMC Wednesday, AAPL Thursday, Jobs report Friday + Futures Trading Levels for Oct. 31st"},"content":{"rendered":"
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The Week Ahead: FOMC, Jobs Report, Earnings<\/h3>\n

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

The big question in the October 30 week is whether the FOMC will hold the fed funds target rate range at 5.25-5.50 percent for the second meeting in a row This will be released Wednesday @ 1PM CDT .<\/p>\n

The present crop of economic data and anecdotal evidence is expected to result in no change in rates after the October 31-November 1 meeting. Fact: US economy grew 4.9 percent in the third quarter. If the labor market reflects slower hiring activity, it also shows few signs of an acceleration in layoffs. Inflation was less improved in the September reports, but at least some of that is due to rising gasoline costs which are now moderating quickly.<\/p>\n

Tightening in financial markets is doing some of the FOMC\u2019s work in making credit conditions more restrictive. Last week Fed Chair Jerome Powell noted that he thinks there are \u201cmeaningful\u201d impacts from past rate hikes still to b\u00a0remain in the spotlight when it unveils its fiscal fourth-quarter results after Thursday’s close. Analysts, on average, expect Apple to report earnings up $1.31 per share (+1.6% YoY) on revenue of $84.2 billion (-6.6% YoY). born out in future data.<\/p>\n

This sets the stage to extend the pause in the current rate hike cycle. However, Fed policymakers will remain hawkish on the inflation outlook and prepared to raise rates further if the data do not indicate further progress in disinflation. This week Non-Farm Payrolls will be released at 7:30 am CDT Friday and presumably the FED policymakers won’t know what prior impacts of rate increases will have had in hiring the past month.<\/p>\n

As for Earnings this week AAPL will remain in the spotlight when it unveils its fiscal fourth-quarter results after Thursday’s close. Analysts, on average, expect Apple to report earnings up $1.31 per share (+1.6% YoY) on revenue of $84.2 billion (-6.6% YoY).<\/p>\n<\/div>\n

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

10-31-2023<\/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
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\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\/ The Week Ahead: FOMC, Jobs Report, Earnings By John Thorpe, Senior Broker The big question in the October 30 week is whether the FOMC will hold the fed funds target rate range at 5.25-5.50 percent for the second meeting in a row This […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,230,3,61,358,234],"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-19117","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-exchange","category-futures-trading-2","category-futures-trading-education","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\/19117","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=19117"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19117\/revisions"}],"predecessor-version":[{"id":19118,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19117\/revisions\/19118"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}