After testing all time high levels in the ES contract on February 19th, equity markets have seen significant selling pressure which continued today while the precious metals saw a boost higher. One of the volatility drivers traders are seeing is coming from global tariff policies from the U.S. and many other nations adding uncertainty to the strength of these markets. Over the next few weeks, traders will learn more about the implementation of these tariffs and where the equity markets and precious metals may settle.
Over the last few weeks, the CME Fed Watch Tool has also shifted, and now is pricing in a 44% chance of a rate cut at the May 7th meeting of 25 basis points, where previous expectations were to see the a pause for the May meeting. This week offers a big slate of economic data as well, including ADP Nonfarm Payroll, Initial Jobless Claims, Unemployment Data, and the Fed Monetary Policy Report. This economic data could have an effect on the Fed’s stance on the economy and their plans for rate cuts moving forward.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Over the last few weeks, the CME Fed Watch Tool has also shifted, and now is pricing in a 44% chance of a rate cut at the May 7th meeting of 25 basis points, where previous expectations were to see the a pause for the May meeting. This week offers a big slate of economic data as well, including ADP Nonfarm Payroll, Initial Jobless Claims, Unemployment Data, and the Fed Monetary Policy Report. This economic data could have an effect on the Fed’s stance on the economy and their plans for rate cuts moving forward.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
Further details of CME Group's regulatory status and full disclaimer of liability in accordance with applicable law are available here: cmegroup.com/disclaimer.html
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Further details of CME Group's regulatory status and full disclaimer of liability in accordance with applicable law are available here: cmegroup.com/disclaimer.html
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.