Yesterday, traders saw strong volatility across many different asset classes looking at equities, energy, and precious metals. The equities saw selling pressure early in the session and were able to recover some of the losses on the day, whereas Crude Oil continued pushing lower and was down near 4% on the session. Gold and Silver both slipped as well with Silver leading the selling down near 2.5%.
The economic data today gave traders a lot to digest, with ADP nonfarm employment change, GDP, and Chicago PMI, which all came in lower than expected. Not only did they come in worse than expected, the ADP nonfarm employment and GDP numbers were the lowest levels seen since 2022. Along with this data, traders will be seeing critical jobs and employment figures on Friday and earnings reports from big tech names such as Apple and Amazon, which could all add volatility to the markets as we wrap up the week.
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.
The economic data today gave traders a lot to digest, with ADP nonfarm employment change, GDP, and Chicago PMI, which all came in lower than expected. Not only did they come in worse than expected, the ADP nonfarm employment and GDP numbers were the lowest levels seen since 2022. Along with this data, traders will be seeing critical jobs and employment figures on Friday and earnings reports from big tech names such as Apple and Amazon, which could all add volatility to the markets as we wrap up the week.
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.