{"id":90,"date":"2023-03-09T21:19:55","date_gmt":"2023-03-09T21:19:55","guid":{"rendered":"https:\/\/www.e-futures.com\/blog\/?p=90"},"modified":"2023-03-09T21:19:55","modified_gmt":"2023-03-09T21:19:55","slug":"fed-funds-nfp-preview-03-10-2023-trading-levels","status":"publish","type":"post","link":"https:\/\/www.e-futures.com\/blog\/fed-funds-nfp-preview-03-10-2023-trading-levels\/","title":{"rendered":"FED Funds, NFP Preview + 03.10.2023 Trading Levels"},"content":{"rendered":"
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Get Real Time updates and more on our private FB group!<\/div>\n
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https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

 <\/p>\n

Ahead of NFP this TOMORROW,\u00a0the below is provided by our friends over at\u00a0NewSquawk.com<\/a><\/p>\n

PREVIEW: US nonfarm payrolls (Feb\u201923) to be released on Friday March 10th at 13:30GMT\/08:30EST<\/p>\n

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EXPECTATIONS:\u00a0The consensus looks for 203k nonfarm payrolls to be added to the US economy in February (forecast range: 100-325k), with the pace cooling from the 517k added in January. If the consensus is realized, it would be lower than the pace of the 3-, 6- and 12-month averages, at 356k, 349k and 414k respectively. The unemployment rate is expected to be unchanged at 3.4% (range: 3.3-3.5%); the Fed projects that the jobless rate will peak at 4.6% in 2023, although the central bank will update its economic projections at the March 21-22nd confab.<\/p>\n

READ FULL COMMENTARY HERE<\/a><\/p>\n

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The CME FedWatch tool\u00a0is a free online resource provided by the Chicago Mercantile Exchange (CME) that provides information about the market’s expectations for changes to U.S. Federal Reserve policy. Here’s how to use it:<\/p>\n

1.\u00a0\u00a0Go to the CME FedWatch tool website:\u00a0https:\/\/www.cmegroup.com\/trading\/interest-rates\/countdown-to-fomc.html<\/a><\/p>\n

2.\u00a0\u00a0Scroll down to the “Countdown to FOMC” section.<\/p>\n

3.\u00a0\u00a0Review the table to see the probability of an interest rate change or no change at the next Federal Open Market Committee (FOMC) meeting, as well as the probability of future rate changes.<\/p>\n

4.\u00a0\u00a0You can also view the implied yield of the Fed Funds futures contract for each FOMC meeting. This represents the market’s expectation of the federal funds rate at the specified date.<\/p>\n

5.\u00a0\u00a0To view more detailed information, click on the “View Tool” button at the top of the page. This will take you to a page with additional charts and data about the market’s expectations for the federal funds rate.<\/p>\n

6.\u00a0\u00a0The Fed DOTPLOT is found on the left-hand margin of the tool.<\/p>\n

Note that the CME FedWatch tool is not a crystal ball and cannot predict the future with certainty. It is simply a reflection of the market’s current expectations and can be affected by changes in economic conditions or other factors.<\/p>\n

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Plan your trade and trade your plan.\u00a0<\/a><\/p>\n<\/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.\u00a0 You 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 when it comes to Futures Trading.<\/p>\n

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Futures Trading Levels<\/strong><\/h3>\n

3-10-2023<\/p>\n

\"#ES,<\/a>
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n

Improve Your Trading Skills<\/h2>\n
Get access to proprietary indicators and trading methods,\u00a0consult with an experienced broker<\/a><\/div>\n
\u00a01-800-454-9572\u00a0Explore trading methods.\u00a0Register Here<\/a><\/div>\n

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Economic Reports, Source:\u00a0<\/strong><\/h3>\n

Forexfactory.com<\/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\u00a0Cannon 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Get Real Time updates and more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/   Ahead of NFP this TOMORROW,\u00a0the below is provided by our friends over at\u00a0NewSquawk.com PREVIEW: US nonfarm payrolls (Feb\u201923) to be released on Friday March 10th at 13:30GMT\/08:30EST   EXPECTATIONS:\u00a0The consensus looks for 203k nonfarm payrolls to be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[50,43,49,36,42,38,34,30,32,33,37,41,39,44,31,46,47,45,48,35,40],"class_list":["post-90","post","type-post","status-publish","format-standard","hentry","category-e-futures-blog","tag-cbot","tag-cme","tag-comex","tag-commodities","tag-commoditiesmarket","tag-commoditiestrader","tag-commoditytrading","tag-crudeoil","tag-daytrader","tag-daytrading","tag-futures","tag-futuresmarket","tag-futurestrader","tag-globex","tag-gold","tag-kcbt","tag-mgex","tag-nymex","tag-smfe","tag-stockindices","tag-swingtrader"],"_links":{"self":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts\/90","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/comments?post=90"}],"version-history":[{"count":1,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts\/90\/revisions"}],"predecessor-version":[{"id":91,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/posts\/90\/revisions\/91"}],"wp:attachment":[{"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/media?parent=90"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/categories?post=90"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.e-futures.com\/blog\/wp-json\/wp\/v2\/tags?post=90"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}