{"id":19944,"date":"2024-07-16T12:20:07","date_gmt":"2024-07-16T20:20:07","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19944"},"modified":"2024-07-16T12:20:07","modified_gmt":"2024-07-16T20:20:07","slug":"todays-headlines-and-tomorrows-market-movers-imf-growth-forecast-fed-updates-and-key-economic-data","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/todays-headlines-and-tomorrows-market-movers-imf-growth-forecast-fed-updates-and-key-economic-data\/","title":{"rendered":"Today&#8217;s Headlines and Tomorrow&#8217;s Market Movers: IMF Growth Forecast, Fed Updates, and Key Economic Data"},"content":{"rendered":"<div><span style=\"text-align: left;\">Get Real Time updates and more by joining our <a href=\"https:\/\/www.facebook.com\/groups\/1105191589938254\" target=\"_blank\" rel=\"noopener\">Private Facebook Group<\/a>!<\/span><\/div>\n<div><span style=\"text-align: left;\">Subscribe to our\u00a0<a href=\"https:\/\/www.youtube.com\/channel\/UCf-asPYp_40m1unYPKpUhaw\" target=\"_blank\" rel=\"noopener\">YouTube Channel<\/a><\/span><\/div>\n<div>Listen to our Market Recap Podcasts on <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/cannon-trading-podcast\/id1741750047\" target=\"_blank\" rel=\"noopener\">Apple Podcasts<\/a><\/div>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-19945\" src=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/07\/C79-300x169.jpg\" alt=\"\" width=\"662\" height=\"373\" title=\"\" srcset=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/07\/C79-300x169.jpg 300w, https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/07\/C79-768x432.jpg 768w, https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/07\/C79.jpg 853w\" sizes=\"auto, (max-width: 662px) 100vw, 662px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3>Movers &amp; Shakers<\/h3>\n<p>By John Thorpe, Senior Broker<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Today\u2019s Headlines recap:<\/strong><\/p>\n<ul>\n<li>The Int&#8217;l Monetary Fund (IMF) raised their 2024 China growth forecast to +5.0% from the previous +4.6% estimate<\/li>\n<li>CDC officials Tuesday said there are still no signs of human to human transmission of bird flu, risk of infection still remains very low for the general population<\/li>\n<li>The Int&#8217;l Monetary Fund (IMF) claimed tariff increases could push inflation upward.<\/li>\n<li>Fed Gov Kugler: inflation upside risks and labor market down side risks have become more balanced, but would be appropriate to lower rates sooner rather than later if labor market cools too much. If economic conditions continue to evolve favorably, then it will be appropriate to begin easing later this year<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Tomorrow\u2019s Market movers:<\/strong><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>US housing starts and building permit data will be released Wednesday morning at 7:30 am CT. Economists are forecasting housing starts +1.8% month-to-month to 1.30 mln unit annualized pace in June. They are also forecasting US building permit data +1.0% to 1.40 mln unit rate.<\/li>\n<li>Richmond Fed President Barkin will speak at a Greater Prince George&#8217;s Business Roundtable event Wednesday, starting around 8:00 am CT.<\/li>\n<li>The Federal Reserve will release their monthly industrial production and capacity utilization data Wednesday morning around 8:15 am CT. Analysts expect June production +0.3% on month-to-month terms, and expect capacity use at 78.5% compared to the previous month&#8217;s 78.7%.<\/li>\n<li>\u00a0Kansas City Fed event will start Wednesday with Federal Reserve Governor Waller and Kansas City Fed President Schmid set to give opening remarks around 8:35 am CT.<\/li>\n<li>US Treasury announced it will auction $60 bln in 17 wk TBills on Wednesday<\/li>\n<li>Federal Reserve &#8220;Beige Book&#8221; of anecdotal economic conditions from US Federal Reserve districts will be released Wednesday afternoon around 1:00 pm CT.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\">\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/\"><img decoding=\"async\" src=\"https:\/\/ci4.googleusercontent.com\/proxy\/7kJuSXfr6c2EADmOeEAcM7mSso0u8a_i6X34OgYh_LR6D5TqLuPBwntxgg2tsaKqlZqaCFJEYHw3tJuMXrJ-0ikOkUdZqDGIZXxEvzi_I0U6GXWTXlTxPc6ieb-gK0j9aE_ScfcNVOKkCGyEHuDeVKU=s0-d-e1-ft#https:\/\/emailsignature.trustpilot.com\/newsletter\/en-US\/2\/581795fd0000ff000596d6a7\/stars.png\" alt=\"\" title=\"\"><\/a><\/p>\n<p align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/\"><img decoding=\"async\" src=\"https:\/\/ci6.googleusercontent.com\/proxy\/9Hnv4wEzz7dLV5tO6SrpnQPN9ZafvOmDqoWX2ZfX5qsMvk8MUPgrgLYiZHzlc1Z9GYxFfC5bfA_rDS7RBu_Bn3dtP3DtxhIoKpaPG8m4D9mnAE_3g8VpovlWeYzAugYr7M2YIR7AvM8vgYyklnF_4OyDTA=s0-d-e1-ft#https:\/\/emailsignature.trustpilot.com\/newsletter\/en-US\/2\/581795fd0000ff000596d6a7\/text@2x.png\" alt=\"\" title=\"\"><\/a><\/p>\n<h3 style=\"text-align: center;\" align=\"center\">Daily Levels for July 17th, 2024<\/h3>\n<p style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/10bd8fd9-817b-4fe6-9b80-86ae78567295.png\" alt=\"\" title=\"\"><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.cannontrading.com\/tools\/education-day-trading-101\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/bf9b3e0d-9c23-44e8-980c-a8c01bfbe2cf.png\" width=\"554\" height=\"369\" alt=\"\" title=\"\"><\/a><\/p>\n<div style=\"text-align: center;\" align=\"center\"><strong>Economic Reports<\/strong><\/div>\n<div style=\"text-align: center;\" align=\"center\">provided by:<a href=\"https:\/\/www.forexfactory.com\/\" target=\"_blank\" rel=\"noopener\" data-segment-action=\"add\" data-segment-id=\"436d64a0-dd7d-11e3-91c2-d4ae529a8639\">\u00a0<\/a><a href=\"https:\/\/www.forexfactory.com\/calendar?day=tomorrow\" target=\"_blank\" rel=\"noopener\">ForexFactory.com<\/a><\/div>\n<div style=\"text-align: center;\" align=\"center\">All times are Eastern Time ( New York)<\/div>\n<div align=\"center\"><\/div>\n<div style=\"text-align: center;\" align=\"center\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/de9ac40e-8d88-40ea-ae1c-1476ef42012b.png\" alt=\"\" title=\"\"><\/div>\n<div align=\"center\"><\/div>\n<div style=\"text-align: center;\" align=\"center\"><\/div>\n<div style=\"text-align: center;\" align=\"center\"><\/div>\n<hr \/>\n<h2 style=\"text-align: center;\">Improve Your Trading Skills<\/h2>\n<p style=\"text-align: center;\">Get access to proprietary indicators and trading methods,\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile\" target=\"_blank\" rel=\"noopener noreferrer\">consult with an experienced broker<\/a> at 1-800-454-9572.<\/p>\n<p style=\"text-align: center;\">Explore trading methods.\u00a0<a href=\"https:\/\/www.cannontrading.com\/tools\/intraday-futures-trading-signals\" target=\"_blank\" rel=\"noopener noreferrer\">Register Here<\/a><\/p>\n<div style=\"margin-top: 30px; margin-bottom: 30px; align: left;\"><span style=\"text-align: left;\"><a href=\"https:\/\/secure.ironbeam.com\/openaccount\/index.aspx?src=316&amp;k=27817434\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3b644da2-2bee-4d39-8d98-5208a20bec39.jpg\" width=\"258\" height=\"58\" alt=\"\" title=\"\"><\/a><\/span><\/div>\n<p style=\"text-align: left;\"><strong><em>* This is not a solicitation of any order to buy or sell, but a current market view provided by <a href=\"https:\/\/www.cannontrading.com\/company\/about\">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":"<p>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 &nbsp; &nbsp; Movers &amp; Shakers By John Thorpe, Senior Broker &nbsp; Today\u2019s Headlines recap: The Int&#8217;l Monetary Fund (IMF) raised their 2024 China growth forecast to +5.0% from the previous [&hellip;]<\/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-19944","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19944","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=19944"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19944\/revisions"}],"predecessor-version":[{"id":19946,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19944\/revisions\/19946"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}