2.03.2014
Top Day Market News
As with most Monday’s, the financial calendar is light. Just the Institute for Supply management Index at 10 along with Construction Spending. The week is pointing towards Friday’s Non-Farm Payroll number on Friday. There will be a bullish bias towards the Yen as long as a “risk off” environment prevails. Small speculators are long the Australian dollar so a contrary position in suggested. Lower than expected inflation number in the Euro zone has applied pressure to the EC in the belief that the ECB will move to ease rates to stimulate the economy.
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Feb 03 |
10:00 |
ISM Index |
Jan |
|
57.0 |
56.0 |
56.5 |
57.0 |
|
Feb 03 |
10:00 |
Construction Spending |
Dec |
|
-1.0% |
0.1% |
1.0% |
|
|
Feb 03 |
14:00 |
Auto Sales |
Jan |
|
NA |
NA |
5.3M |
|
|
Feb 03 |
14:00 |
Truck Sales |
Jan |
|
NA |
NA |
6.6M |
|
|
Feb 04 |
10:00 |
Factory Orders |
Dec |
|
-2.0% |
-1.7% |
1.8% |
|
|
Feb 05 |
07:00 |
MBA Mortgage Index |
02/01 |
|
NA |
NA |
-0.2% |
|
|
Feb 05 |
08:15 |
ADP Employment Change |
Jan |
|
175K |
178K |
238K |
|
|
Feb 05 |
10:00 |
ISM Services |
Jan |
|
53.5 |
53.8 |
53.0 |
|
|
Feb 05 |
10:30 |
Crude Inventories |
02/01 |
|
NA |
NA |
6.421M |
|
|
Feb 06 |
07:30 |
Challenger Job Cuts |
Jan |
|
NA |
NA |
-5.9% |
|
|
Feb 06 |
08:30 |
Initial Claims |
02/01 |
|
330K |
335K |
348K |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Feb 06 |
08:30 |
Continuing Claims |
01/25 |
|
3000K |
2993K |
2991K |
|
|
Feb 06 |
08:30 |
Trade Balance |
Dec |
|
-$37.0B |
-$36.0B |
-$34.3B |
|
|
Feb 06 |
08:30 |
Productivity-Prel |
Q4 |
|
2.5% |
2.4% |
3.0% |
|
|
Feb 06 |
08:30 |
Unit Labor Costs |
Q4 |
|
0.0% |
-0.5% |
-1.4% |
|
|
Feb 06 |
10:30 |
Natural Gas Inventories |
02/01 |
|
NA |
NA |
-230 bcf |
|
|
Feb 07 |
08:30 |
Nonfarm Payrolls |
Jan |
|
150K |
175K |
74K |
|
|
Feb 07 |
08:30 |
Nonfarm Private Payrolls |
Jan |
|
160K |
161K |
87K |
|
|
Feb 07 |
08:30 |
Unemployment Rate |
Jan |
|
6.5% |
6.7% |
6.7% |
|
|
Feb 07 |
08:30 |
Hourly Earnings |
Jan |
|
0.2% |
0.2% |
0.1% |
|
|
Feb 07 |
08:30 |
Average Workweek |
Jan |
|
34.5 |
34.4 |
34.4 |
|
|
Feb 07 |
15:00 |
Consumer Credit |
Dec |
|
$10.0B |
$11.5B |
$12.3B |
|
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 |
D |
1739.75 |
1758.50 |
1762.00. |
1789.00 |
1798.0 0 |
1819.00 |
|
Mar Nasdaq |
D |
3414 |
3464 |
3484 |
3538 |
3555 |
3595 |
|
Mar Yen |
U |
96.05 |
96.90 |
97.24 |
98.17 |
98.40 |
99.06 |
|
Mar EC |
D |
133.22 |
134.03 |
134.50 |
135.45 |
136.41 |
137.98 |
|
Mar 10 Year Note |
U |
124.05 |
124.31 |
125.13 |
125.31 |
126.07 |
126.26 |
|
Mar 30 Year Bond |
U |
1331.08 |
132.14 |
133.04 |
134.01 |
134.12 |
135.04 |
|
Mar Soybean |
PRD(U) |
12.45 |
15.64 |
12.74 |
12.87 |
12.97 |
13.11 |
|
Mar Corn |
U |
4.24 |
4.29 |
4.33 |
4.36 |
4.36 |
4.39 |
|
Feb Gold |
D |
1211.80 |
1228.70 |
1233.70 |
1251.00 |
1271.3 |
1297.00 |
|
March Silver |
D |
18.28 |
18.71 |
18.96 |
19.36 |
19.83 |
20.56 |
|
March Copper |
D |
312.60 |
316.00 |
318.00 |
322.00 |
325.00 |
332.00 |
|
Mar Crude |
U |
93.70 |
95.55 |
96.37 |
98.22 |
98.90 |
100.45 |
|
|
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