1.20.2013
Top Day Market News
Today is a US market holiday to observe Martin Luther King Day. World markets are open however. 4th quarter Chinese GDP came in at 7.7 beating estimates of 7.6. This helped to lift the Aussie modestly out of its oversold condition but remember that the central bank will feel more comfortable with the currency trading at 85 rather than at
90. Even though the US calendar remains light for the balance of the week, there will be consumer confidence numbers for Europe on Tuesday. Australia comes out with consumer prices on Wednesday while Canada has a rate decision to make mid-week.
The charts below suggest that the Australian Central Bank will see their 85 objective while the Yen will lift on risk aversion.
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Week of January 20 - January 24 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jan 22 |
07:00 |
MBA Mortgage Index |
01/18 |
|
NA |
NA |
11.9% |
|
|
|
Jan 23 |
08:30 |
Initial Claims |
01/18 |
|
330K |
327K |
326K |
|
|
|
Jan 23 |
08:30 |
Continuing Claims |
01/11 |
|
2900K |
2900K |
3030K |
|
|
|
Jan 23 |
09:00 |
FHFA Housing Price Index |
Nov |
|
NA |
NA |
0.5% |
|
|
|
Jan 23 |
10:00 |
Existing Home Sales |
Dec |
|
4.87M |
4.90M |
4.90M |
|
|
|
Jan 23 |
10:00 |
Leading Indicators |
Dec |
|
0.1% |
0.2% |
0.8% |
|
|
|
Jan 23 |
10:30 |
Natural Gas Inventories |
01/18 |
|
NA |
NA |
-287 bcf |
|
|
|
Jan 23 |
11:00 |
Crude Inventories |
01/18 |
|
NA |
NA |
-7.658M |
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MARKET PLACE
Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.
Legend U is Up
D is Down
PRD is Potential Reversal Day S2 is Weekly strong support S1 is Weekly good support DS is Daily Support
DR is Daily Resistance
R1 is Weekly Good Resistance and is calculated once a week on Sunday night
R2 is Weekly Strong Resistance and is calculated once a week on Sunday night
Levels are for the most active futures contract
Daily Support and Resistance
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Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Mar ES |
PRD(D) |
1793 |
1813 |
1828 |
1841 |
1849 |
1865 |
|
Mar Nasdaq |
D |
3445 |
3514 |
3569 |
3604 |
3652 |
3680 |
|
Mar Yen |
U |
94.23 |
95.06 |
95.74 |
96.14 |
96.99 |
98.08 |
|
Mar EC |
U |
133.95 |
134.62 |
134.89 |
135.94 |
136.47 |
137.66 |
|
Mar 10 Year Note |
U |
12.12 |
123.28 |
124.07 |
124.22 |
124.25 |
125.13 |
|
Mar 30 Year |
U |
129.18 |
130.14 |
130.29 |
131.29 |
131.27 |
132.12 |
|
Year Bond |
|
|
|
|
|
|
|
|
Mar Soybean |
U |
124.49 |
12.64 |
|
|
12.95 |
13.11 |
|
Mar Corn |
D |
3.97 |
4.15 |
|
|
4.41 |
4.50 |
|
Feb Gold |
D |
1225 |
1239.5 |
1241.00 |
1265 |
1261 |
1269 |
|
March Silver |
D |
18.53 |
19.92 |
20.03 |
20.49 |
20.68 |
21.65 |
|
March Copper |
U |
327 |
330 |
332.6 |
336.6 |
337 |
340 |
|
Feb Crude |
D |
90.25 |
92.20 |
93.56 |
95.08 |
95.69 |
97.09 |
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