{"id":20138,"date":"2024-09-04T12:32:45","date_gmt":"2024-09-04T20:32:45","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20138"},"modified":"2024-09-04T12:32:45","modified_gmt":"2024-09-04T20:32:45","slug":"market-movers-key-updates-from-mortgage-data-to-factory-orders","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/market-movers-key-updates-from-mortgage-data-to-factory-orders\/","title":{"rendered":"Market Movers: Key Updates from Mortgage Data to Factory Orders"},"content":{"rendered":"
Get Real Time updates and more by joining our Private Facebook Group<\/a>!<\/span><\/div>\n
Subscribe to our\u00a0YouTube Channel<\/a><\/span><\/div>\n
Listen to our Market Recap Podcasts on Apple Podcasts<\/a><\/div>\n
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Movers and shakers!<\/strong><\/p>\n

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

Today\u2019s News:<\/p>\n

US MBA Mortgage Market Headline Recap (w\/e 8\/30)<\/p>\n

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**US MBA Mortgage Market Index w\/e 8\/30: 230.5 vs prior week 226.9, +1.6%<\/p>\n

**US MBA Mortgage Purchase Index w\/e 8\/30: 136.1 vs prior week 131.8, +3.3%<\/p>\n

**US MBA Mortgage Refinance Index w\/e 8\/30: 751.4 vs prior week 753.8, -0.3%<\/p>\n

Redbook Weekly US Retail Sales Headline Recap<\/p>\n

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**Redbook Weekly US Retail Sales were +5.2% in the first four weeks of August 2024 vs August 2023<\/p>\n

**Redbook Weekly US Retail Sales were +6.3% in the week ending August 31 vs yr ago week<\/p>\n

Updated: September 4, 2024 9:01 am<\/p>\n

**US July 2024 Job Openings and Labor Turnover Summary (JOLTS): 7.673 mln; prior month 8.20 mln<\/p>\n

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US Factory Orders and Revised Durable Goods Headline Recap<\/p>\n

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**US July Factory Orders: +5.0%; expected +4.4%<\/p>\n

**US July Factory Orders ex-Defense:+5.1%<\/p>\n

**US July Factory Orders ex-Trans: +0.4%<\/p>\n

**US July revised Durable Goods: +9.8%; Advanced +9.9%<\/p>\n

revised to 81.1 from 78.2<\/p>\n

Fed Bostic: No panic among my business contacts but describe an economy and labor market losing momentum<\/p>\n

Fed Bostic: Wage growth pulling back to level more conductive to price stability<\/p>\n

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**Linn & Associates updated their soybean production forecast today, pegging it at 4.585 billion bushels on a yield of 53.15 bpa, according to trade sources.\u00a0Their estimate would imply record-high yields and output, and would compare to USDA August 2024 estimates of 4.589 billion bushels.\u00a0Upcoming WASDE Sept 12th<\/p>\n

**Linn & Associates updated their corn production forecast today, pegging it at 15.029 billion bushels on a yield of 182.25 bpa, according to trade sources.\u00a0Their estimate compares to last year’s harvest of 15.342 billion, and USDA August 2024 estimates of 15.147 billion bushels. Upcoming Wasde Sept. 12th<\/p>\n

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Watch Tomorrow\u2019s Movers and Shakers:<\/h3>\n

ADP @ 7:15 am CDT<\/p>\n

Initial Jobless Claims 7:30 am CDT<\/p>\n

S&P Global PMI Final 8:45 am CDT<\/p>\n

ISM Services PMI 9:00 am CDT<\/p>\n

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Due to Labor Day Weekend, both crude oil and Natural gas numbers come out tomorrow.<\/p>\n

Natural Gad at 9:30 Am Central<\/p>\n

Crude oil at 10 AM Central<\/p>\n

Earnings:\u00a0Broadcom (AVGO)\u00a0after the close<\/p>\n

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Daily Levels for September 5, 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       Movers and shakers! By John Thorpe, Senior Broker Today\u2019s News: US MBA Mortgage Market Headline Recap (w\/e 8\/30)   **US MBA Mortgage Market Index w\/e 8\/30: 230.5 […]<\/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-20138","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20138","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=20138"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20138\/revisions"}],"predecessor-version":[{"id":20140,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20138\/revisions\/20140"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}