{"id":20220,"date":"2024-09-24T20:23:51","date_gmt":"2024-09-24T20:23:51","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20220"},"modified":"2024-09-24T20:23:51","modified_gmt":"2024-09-24T20:23:51","slug":"market-movers-precious-metals-surge-dollar-slides-and-new-home-sales-september-25th-2024","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/market-movers-precious-metals-surge-dollar-slides-and-new-home-sales-september-25th-2024\/","title":{"rendered":"Market Movers: Precious Metals Surge, Dollar Slides, and New Home Sales September 25th 2024"},"content":{"rendered":"

Get Real Time updates and more by joining our Private Facebook Group<\/a>!<\/p>\r\n\r\n\r\n\r\n

Subscribe to our\u00a0YouTube Channel<\/a><\/p>\r\n\r\n\r\n\r\n

Listen to our Market Recap Podcasts on Apple Podcasts<\/a><\/p>\r\n\r\n\r\n

\r\n\r\n\r\n
\"\"<\/figure>\r\n

 <\/p>\r\n

Movers and Shakers<\/h3>\r\n

By John Thorpe, Senior Broker \u00a0 With Equities quietly trading in a consolidation phase, Interest rates following, the precious metals ,once again found footing and surprised many traders with their mid-day upside move, Gold higher by $36.00 @ 2689.00, Silver up $1.50 into the $32.50 \/Troy OZ range..\u00a0\u00a0The US Dollar @ 100.10 continuing it\u2019s 2.5 month long slide, flirting with 14 month lows of 99.22. Metals should gain additional strength if the dollar falls below that number on a closing basis. \u00a0 Todays Headlines \u00a0 Updated: September 24, 2024 6:12 am Churning hurricane threatening US production, continued Middle East tensions, and Chinese stimulus measures have helped crude oil prices trade higher on Tuesday. \u00a0 Updated: September 24, 2024 7:00 am China’s central bank announced its largest stimulus measures since the pandemic. The bank will lower interest rates and additional funding. However, analysts say very week consumer and business demand for credit will have little response to lower interest rates, and the lack of fiscal stimulus measures will leave the central bank’s response to fall short of jump starting the economy and beating back deflationary environment. \u00a0 Updated: September 24, 2024 7:55 am Redbook Weekly US Retail Sales Headline Recap \u00a0 **Redbook Weekly US Retail Sales were +5.2% in the first three weeks of September 2024 vs September 2023 **Redbook Weekly US Retail Sales were +4.4% in the week ending September 21 vs yr ago week \u00a0 Updated: September 24, 2024 8:00 am Case Schiller 20 US Metro-Area Home Prices Recap \u00a0 **Case Schiller 20 US metro area home prices for July Y\/Y: +5.9% from the year ago month **Case Schiller 20 US metro area home prices for July M\/M: +0.01% vs prior month \u00a0 Updated: September 24, 2024 9:02 am Richmond Fed Manufacturing Index Headline Recap \u00a0 **Richmond Fed September Manufacturing Index: -21.0 ; prior -19.0 **Richmond Fed September Manufacturing Shipments Index: -18.0 ; prior -15.0 **Richmond Fed September Manufacturing New Orders: -23.0 ; prior -26.0 **Richmond Fed September Manufacturing Employees: -22.0 ; prior -15.0 **Richmond Fed September Manufacturing Prices Paid: +3.36 ; prior +2.45 **Richmond Fed September Manufacturing Prices Received: +1.57 ; prior +1.87 \u00a0 **Richmond Fed September Service Sector Index:-1.0\u00a0; prior -11.0 Updated: September 24, 2024 9:09 am Conference Board Consumer Confidence, Present Situation, Expectations Index Headline Recap \u00a0 **Conference Board September Consumer Confidence Index: 98.7 ; prior revised to 105.6 from 103.3 ; expected 102.8 **Conference Board September Consumer Present Situation Index: 124.3 ; prior revised to 134.6 from 134.4 **Conference Board September Consumer Expectations Index: 81.7 ; prior revised to 86.3 from 82.5 \u00a0 Tomorrows Movers and Shakers New Home Sales Released On 9\/25\/2024 10:00:00 AM For Aug, 2024 \u00a0 \"\" \u00a0 US new home sales data for June will be updated Wednesday morning at 9:00 am CT. Analysts expect new home sales month-to-month at a 0.640 mln unit annualized pace, up +3.4%. The prior month’s sales were -11.3% at 0.619 mln unit annual rate. \u00a0 Micron Technology reports after the close \u00a0<\/p>\r\n\r\n\r\n\r\n

\"\"<\/a><\/figure>\r\n\r\n\r\n\r\n
\"\"<\/a><\/figure>\r\n\r\n\r\n\r\n

 <\/p>\r\n\r\n\r\n\r\n

 <\/p>\r\n\r\n\r\n\r\n

 <\/p>\r\n\r\n\r\n\r\n

Daily Levels for September 25, 2024<\/h3>\r\n\r\n\r\n\r\n
<\/figure>\r\n\r\n\r\n\r\n

 <\/p>\r\n\r\n\r\n\r\n

Economic Reports<\/strong><\/p>\r\n\r\n\r\n\r\n

provided by:\u00a0<\/a>ForexFactory.com<\/a><\/p>\r\n\r\n\r\n\r\n

All times are Eastern Time ( New York)<\/p>\r\n\r\n\r\n\r\n

\"\"<\/figure>\r\n\r\n\r\n
\r\n\r\n\r\n

Improve Your Trading Skills<\/h2>\r\n\r\n\r\n\r\n

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

Explore trading methods.\u00a0Register Here<\/a><\/p>\r\n\r\n\r\n\r\n

\"\"<\/a><\/figure>\r\n\r\n\r\n\r\n

* 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>\r\n

 <\/p>\r\n

#Equities, #Consolidation phase, #Interest rates, #Precious metals, #Gold, #Silver, #US Dollar, #Crude oil prices, #HurricaneHelene, #Middle East tensions, #Chinese stimulus, #Redbook US Retail Sales, #Case Schiller US Metro-Area Home Prices, #Richmond Fed Manufacturing Index, #Service Sector Index, #Consumer Confidence, #New Home Sales, #Micron Technology<\/p>","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 \u00a0 With Equities quietly trading in a consolidation phase, Interest rates following, the precious metals ,once again found footing and surprised […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[231,76,230,239,67,30,61,234],"tags":[],"class_list":["post-20220","post","type-post","status-publish","format-standard","hentry","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-financial-futures","category-future-trading-news","category-futures-broker-2","category-futures-trading-2","category-trading-guide"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20220","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=20220"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20220\/revisions"}],"predecessor-version":[{"id":20222,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20220\/revisions\/20222"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}