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Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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Canadian dollar down again.

1.22.2013

Top Day Market News

Stocks showed good intraday volatility yesterday as snow fell on Wall Street. The reason was due to the Wall Street Journal reporter Jon Hilsenrath. Many believe that whenever the Federal Reserve wants to float an idea to see how the Street would react, they call on this reporter, feed him the information and he publishes. Yesterday, Hilsenrath wrote a story suggesting that the Federal Reserve could taper its asset purchase program down to 65 Billion a month at its next meeting. This would definitely make the punch bowl less alcoholic. Any reduction in liquidity is an asset bubble negative and stocks probed the downside of ranges before recovering into the close.

Overnight, Australian CPI came in otter than expected and this drove the Aussie momentarily higher on ideas of rate hikes. Aussie CPI came in at 0.8% versus an expected 0.4% for Q4 and 2.7% versus 2.4% year on year. The Q4 reading was the highest since Q4 2011. This doesn’t dispel the lack of job creation in Australia just recently reported.

Bank of England minutes released later today. There’s a considerable amount of rate hike speculation baked into the current pricing of the sterling so the release of the number should be a fade.

Release of crude supply and demand stats will be delayed a day due to the MLK market holiday Monday.

Canadian dollar having trouble with the median going into the Bank of Canada rate decision later today.

 

Week of January 20 - January 24

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

-287bcf

 

Jan 23

11:00

Crude Inventories

01/18

 

NA

NA

- 7.658M

 


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

 

Trend

WS2

WS1

DS

DR

WR1

WR2

Mar ES

U

1793

1813

1828.50

1846.25

1849

1865

Mar Nasdaq

D

3445

3514

3587.50

3631.00

3652

3680

Mar Yen

U

94.23

95.06

95.50

96.33

96.99

98.08

Mar EC

U

133.95

134.62

135.20

135.82

136.47

137.66

Mar 10 Year Note

U

12.12

123.28

124.01

124.20

124.25

125.13

Mar 30 Year Bond

U

129.18

130.14

130.31

131.25

131.27

132.12

Mar Soybean

U

124.49

12.64

12.69

13.03

12.95

13.11

Mar Corn

D

3.97

4.15

4.22

4.28

4.41

4.50

Feb Gold

D

1225

1239.5

1230.60

1257.50

1261

1269

March Silver

D

18.53

19.92

19.53

20.31

20.68

21.65

March Copper

U

327

330

332.40

336.00

337

340

Feb Crude

PRD(U)

90.25

92.20.

93.32

95.73

95.69

97.09