261,000 Jobs Added in October - Here's the Market Response: Friday's Market Forecast

Posted by TopstepTrader on November 03, 2017

This morning, the market received some much-anticipated news: the U.S. economy added 261,000 jobs in October. This was slightly less than expected, but didn't do much to sway any expectations for what the Federal Reserve may do to raise interest rates in upcoming meetings. 

That has the market basically in the same spot that it was before the number. Crude Oil ($CLZ7) is trading higher on the day, while Gold ($GCZ7) and the S&P 500 ($ESZ7) are flat on the session. 

In today's market forecast, Senior Performance Coach John Hoagland runs down all the levels that will matter for today's trading. 

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Topics: Market Updates