{"id":20848,"date":"2025-01-09T13:00:49","date_gmt":"2025-01-09T21:00:49","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20848"},"modified":"2025-01-09T13:00:49","modified_gmt":"2025-01-09T21:00:49","slug":"market-highlights-and-key-announcements-jobless-claims-non-farm-payrolls-and-commodity-winners","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/market-highlights-and-key-announcements-jobless-claims-non-farm-payrolls-and-commodity-winners\/","title":{"rendered":"Market Highlights and Key Announcements: Jobless Claims, Non-Farm Payrolls, and Commodity Winners"},"content":{"rendered":"\n\n\n
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Pass the Knowledge – Feel Free to Forward to a Friend!<\/p>\n

Join our\u00a0Private Facebook group<\/a><\/p>\n

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

Listen to our podcast: Subscribe on\u00a0Apple<\/a>,\u00a0Spotif<\/a>y,\u00a0Amazon<\/a>,\u00a0or wherever you listen to podcasts!<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Bullet Points, Highlights, Announcements<\/strong><\/h3>\n

By Mark O’Brien, Senior Broker<\/p>\n

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General:<\/p>\n

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In a one-day early release, the Labor Department said on Wednesday that the number of Americans filing new applications for unemployment benefits fell to an 11-month low last week.\u00a0 Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 201,000 for the week ending Jan. 4, the lowest level since February 2024.\u00a0 The report was published a day early as federal government offices are closed today in honor of former President Jimmy Carter who died on Dec. 29 at the age of 100.<\/p>\n

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Coming up tomorrow, the first Friday of the month, the Labor Dept. releases its monthly\u00a0Non-farm payrolls report.\u202f It\u2019s widely considered to be one of the most important and influential measures of the U.S. economy.\u00a0 Forecasters predict the U.S. created a modest 155,000 new jobs in the final month of 2024.\u00a0 The economy added 227,000 jobs in November. The unemployment rate is forecast to be unchanged at 4.2%.\u00a0 The report is released at 7:30 A.M., Central Time.<\/p>\n

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Stock Indexes:<\/p>\n

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U.S. stock index futures closed today in a mark of respect for the late former president.\u00a0 President Joe Biden declared a National Day of Mourning following Carter’s passing.<\/p>\n

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Grains:<\/p>\n

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Also due out Friday: the latest USDA crop production and world supply & demand report as well as the final production numbers and stocks as of Dec. 1.\u00a0 These reports\u00a0are released at 11:00 A.M. Central Time.<\/p>\n

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Softs:<\/p>\n

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The hands down 2024 commodity price gain winner: cocoa.\u00a0 Despite new all-time highs in Bitcoin futures, eclipsing 110,00 in mid-December and gold surpassing $2,800 per ounce in late October, cocoa nearly\u00a0tripled in price over 2024, far outpacing other commodities.\u00a0 The March \u201925 futures contract hit an intraday and record high of $12,931 a metric ton on Dec. 18.\u00a0 Top cocoa producers Ivory Coast and Ghana have suffered crop losses due to adverse weather and bean disease.<\/p>\n

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Energy:<\/p>\n

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In the meantime, Brent and West Texas Intermediate crude oil futures posted a second consecutive annual decline in 2024 as supply outstripped a rebound in demand growth.<\/p>\n

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Daily Levels for January 10th, 2024<\/strong><\/h3>\n

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Economic Reports<\/strong><\/h3>\n
provided by:\u00a0<\/a>ForexFactory.com<\/a><\/em><\/div>\n
All times are Eastern Time ( New York)<\/em><\/div>\n
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Good Trading!<\/div>\n
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About:\u00a0Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.<\/div>\n
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Pass the Knowledge – Feel Free to Forward to a Friend! Join our\u00a0Private Facebook group Subscribe to our\u00a0YouTube Channel Listen to our podcast: Subscribe on\u00a0Apple,\u00a0Spotify,\u00a0Amazon,\u00a0or wherever you listen to podcasts! Bullet Points, Highlights, Announcements By Mark O’Brien, Senior Broker   General:   In a one-day early release, the Labor Department said on Wednesday that the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1434,231,76,230,1491,67,234],"tags":[],"class_list":["post-20848","post","type-post","status-publish","format-standard","hentry","category-charts-indicators","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-e-mini-futures","category-future-trading-news","category-trading-guide"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20848","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=20848"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20848\/revisions"}],"predecessor-version":[{"id":20850,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20848\/revisions\/20850"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}