{"id":19530,"date":"2024-02-26T13:34:16","date_gmt":"2024-02-26T21:34:16","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19530"},"modified":"2024-02-28T12:54:07","modified_gmt":"2024-02-28T20:54:07","slug":"heavy-data-week-ahead-futures-trading-levels-2-27-2024","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/heavy-data-week-ahead-futures-trading-levels-2-27-2024\/","title":{"rendered":"Heavy Data Week Ahead + Futures Trading Levels 2.27.2024"},"content":{"rendered":"
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Heavy Data Week Ahead<\/h3>\n

by John Thorpe, Senior Broker<\/p>\n

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Will this be additional Grist for the bullish mill?<\/p>\n

With such a heavy data week, durable goods, consumer confidence, GDP for the 2nd estimate of Fourth Quarter economic activity as follows:<\/p>\n

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Jobless claims and ISM, 11 Fed Speakers and the Earnings season just about over, perhaps the market will be leaping forward, by weeks end: or not.<\/p>\n

The main event for investors this week will be core personal consumption expenditures price index (PCE) and is the Fed\u2019s preferred measure of inflation due on Thursday @ 7:30 a.m. CST.<\/p>\n

Core PCE Price Expectations for Y\/Y range is +2.8-2.9% with PCE M\/M in a range of -0.1 to 0.4%.\u00a0per Econoday.com.\u00a0Hotter readings from other data sets have increased the likelihood that this measure may also top expectations and delay even further a fed rate reduction.<\/p>\n

Markets are currently pricing in a 20% chance the fed will ease rates first during the May meeting when nearly a month ago the May decrease carried a probability of nearly 90 percent per the CME Fedwatch tool.<\/p>\n

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

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Daily Levels for February 27th, 2024<\/h3>\n

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Economic Reports<\/strong><\/div>\n
provided by:\u00a0<\/a>ForexFactory.com<\/a><\/div>\n
All times are Eastern Time ( New York)<\/div>\n
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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon 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.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Get Real Time updates and more by joining our Private Facebook Group! Subscribe to our\u00a0YouTube Channel     Heavy Data Week Ahead by John Thorpe, Senior Broker   Will this be additional Grist for the bullish mill? With such a heavy data week, durable goods, consumer confidence, GDP for the 2nd estimate of Fourth Quarter […]<\/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-19530","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\/19530","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=19530"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19530\/revisions"}],"predecessor-version":[{"id":19532,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19530\/revisions\/19532"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}