While S&P 500 and Dow Jones futures are near new historical highs, Russell 2000 futures registered a new record high yesterday.
Personal consumption expenditures in August increased a seasonally adjusted .1% from a month earlier, as expected, and personal income was up .2% in August, which was also as anticipated.
The 8:45 central time September Chicago PMI is estimated to be 58.5 and the 9:00 September consumer sentiment index is expected to be 95.3.
The main trend for stock index futures is higher.
The U.S. dollar is lower today, giving back some of the gains that were made earlier in the week, as the probability of a rate hike from the Fed lessened a bit.
The main trend for the U.S. dollar is lower.
The euro currency is higher in spite of a report that showed the annual rate of inflation in the euro zone was unchanged in September and well under the European Central Bank's target, as policy makers consider a reduction in stimulus.
The European Union's statistics agency reported that consumer prices across the euro zone were 1.5% higher in September than a year earlier. Economists expected a gain of 1.6%.
The main trend for the euro is higher.
The Japanese yen is higher after a report showed Japan’s core inflation rate increased in August and industrial production increased more than expected.
The Canadian dollar is lower after a report showed producer prices in Canada increased less than anticipated, coming in up .3% in August, which compares to market expectations of a .5% increase.
Philadelphia Federal Reserve Bank President Patrick Harker will speak at 10:00.
According to financial futures markets, the probability that the Federal Open Market Committee will increase its fed funds rate at the December 13 meeting is 78%, which compares to 83% yesterday.
The long term fundamentals for futures are mixed.
December 17 S&P 500
Support 2501.00 Resistance 2511.00
December 17 U.S. Dollar Index
Support 92.720 Resistance 93.210
December 17 Euro Currency
Support 1.81100 Resistance 1.18910
December 17 Japanese Yen
Support .89000 Resistance .89500
December 17 Canadian Dollar
Support .80050 Resistance .80630
December 17 Australian Dollar
Support .7805 Resistance .7860
December 17 Thirty Year Treasury Bonds
Support 152^8 Resistance 153^4
December 17 Gold
Support 1282.0 Resistance 1297.0
December 17 Copper
Support 2.9600 Resistance 3.0000
November 17 Crude Oil
Support 51.19 Resistance 52.07
For more information about these markets, please contact Alan at 312.242.7911 or via email at firstname.lastname@example.org. Thank you.
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Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The risk of loss in trading futures and options can be substantial. The views and opinions expressed in this letter are those of the author and do not reflect the views of ADM Investor Services, Inc. or its staff. Research analyst does not currently maintain positions in the commodities specified within this report. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright © ADM Investor Services, Inc.
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The risk of loss in trading futures and options on futures can be substantial. Each investor must carefully consider whether this type of investment is appropriate for them. Past performance is not necessarily indicative of future results.