{"id":19851,"date":"2024-06-10T12:20:48","date_gmt":"2024-06-10T20:20:48","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19851"},"modified":"2024-06-10T12:20:48","modified_gmt":"2024-06-10T20:20:48","slug":"deciphering-fomc-navigating-market-volatility","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/deciphering-fomc-navigating-market-volatility\/","title":{"rendered":"Deciphering FOMC: Navigating Market Volatility"},"content":{"rendered":"
Get Real Time updates and more by joining our Private Facebook Group<\/a>!<\/span><\/div>\n
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Listen to our Market Recap Podcasts on Apple Podcasts<\/a><\/div>\n
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\"Trading<\/p>\n

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FOMC Week<\/h3>\n

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

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This week\u2019s market moving features will be the closely watched with CPI pre market Wednesday and\u00a0The FOMC meets Tomorrow and Wednesday.<\/p>\n

The FOMC statement released at 1:00 CT on Wednesday will give a close read for any guidance in regard to the interest rate outlook.<\/p>\n

This meeting will also be the release of the \u201cSummary of Economic Projections\u201d or SEP<\/p>\n

The prior SEP was issued on March 20 and implied three rate cuts of 25 basis points later in 2024. Shortly after that, the data on inflation, the labor market, and economic growth made that projection out-of-date.<\/p>\n

It is widely anticipated that the SEP will reduce the forecast for rate cuts to only one or two this year.<\/p>\n

Powell\u2019s prepared remarks regarding this rate decision will occur @1:30 CT.<\/p>\n

Traders who are well informed know of the Interest Rate decision probabilities \u201cBaked\u201d into the market. They use the CME\u2019s FedWatch tool..\u00a0as we do.<\/p>\n

If you would\u00a0like a personal tutorial, please call 800 454 9572\u00a0and simply ask for a fed watch tutorial!\u00a0\u00a0The current probability of no rate movement up or down this week is 99.1 %.<\/p>\n

If you are curious about the Next fed meeting in July? It\u2019s currently @ 91.1 % probability of stay the same with an 8.9% chance of a .25 reduction.<\/p>\n

From a trader\u2019s standpoint, it\u2019s fascinating to watch these percentages change intraday as new data, like the Wednesday CPI release, will undoubtedly change the percentage probabilities for all future FOMC rate decision meetings on the calendar.<\/p>\n

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

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If you are a day trader,<\/strong>\u00a0below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.<\/p>\n

Questions? We are happy to help!<\/a><\/p>\n

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Daily Levels for June 11th, 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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Improve Your Trading Skills<\/h2>\n

Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a> at 1-800-454-9572.<\/p>\n

Explore trading methods.\u00a0Register Here<\/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 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 Listen to our Market Recap Podcasts on Apple Podcasts     FOMC Week By John Thorpe, Senior Broker   This week\u2019s market moving features will be the closely watched with CPI pre market Wednesday and\u00a0The FOMC meets Tomorrow and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19851","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19851","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=19851"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19851\/revisions"}],"predecessor-version":[{"id":19852,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19851\/revisions\/19852"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}