02.11.13
Top Day Market News
No economic releases are scheduled for today. The big move overnight has been gold. It has declined to its lowest level for the month on of the idea that physical demand will slow greatly during the lunar new year this week in Asia. It is the year of the snake. China is the world’s second-biggest gold buyer after India and most Asian markets will be closed for this week’s holiday. The withdrawal of the Chinese market means that sellers have fewer bids to hit. Nevertheless, traders in a larger picture see the macro environment as supportive for prices as long as interest rates may remain low. Otherwise, ministers from 17 different euro nations meet today to discuss aid to Cyprus and Greece. Stocks are sloppy and the Yen continues lower while the East recovers from Nemo. Today it’s a cutting rain.
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Week of February 11 - February 15 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Feb 12 |
14:00 |
Treasury Budget |
Jan |
|
-$2.0B |
-$2.0B |
- $27.4B |
|
|
|
Feb 13 |
07:00 |
MBA Mortgage Index |
02/09 |
|
NA |
NA |
3.4% |
|
|
|
Feb 13 |
08:30 |
Retail Sales |
Jan |
|
-0.4% |
0.1% |
0.5% |
|
|
|
Feb 13 |
08:30 |
Retail Sales ex-auto |
Jan |
|
-0.3% |
0.1% |
0.3% |
|
|
|
Feb 13 |
08:30 |
Export Prices ex-ag. |
Jan |
|
NA |
NA |
-0.2% |
|
|
|
Feb 13 |
08:30 |
Import Prices ex-oil |
Jan |
|
NA |
NA |
-0.1% |
|
|
|
Feb 13 |
10:00 |
Business Inventories |
Dec |
|
0.1% |
0.3% |
0.3% |
|
|
|
Feb 13 |
10:30 |
Crude Inventories |
02/09 |
|
NA |
NA |
2.623M |
|
|
|
Feb 14 |
08:30 |
Initial Claims |
02/09 |
|
365K |
365K |
366K |
|
|
Feb 14 |
08:30 |
Continuing Claims |
02/02 |
|
3200K |
3200K |
3224K |
|
|
Feb 14 |
10:30 |
Natural Gas Inventories |
02/09 |
|
NA |
NA |
NA |
|
|
Feb 15 |
08:30 |
Empire Manufacturing |
Feb |
|
-2.0 |
0.0 |
-7.8 |
|
|
Feb 15 |
09:00 |
Net Long-Term TIC Flows |
Dec |
|
NA |
NA |
$52.3B |
|
|
Feb 15 |
09:15 |
Industrial Production |
Jan |
|
0.4% |
0.2% |
0.3% |
|
|
Feb 15 |
09:15 |
Capacity Utilization |
Jan |
|
79.0% |
78.9% |
78.8% |
|
|
Feb 15 |
09:55 |
Mich Sentiment |
Feb |
|
73.0 |
73.5 |
73.8 |
|
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 (Change of Trend) 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 |
1481.50 |
1497.50 |
1505.0 |
1517.0 |
1522.5 0 |
1531 |
|
Mar Nasdaq |
U |
2683 |
2727 |
2749 |
2786 |
2797 |
2822 |
|
Mar Yen |
D |
105.25 |
106.51 |
106.80 |
108.64 |
108.84 |
109.91 |
|
Mar EC |
D |
131.58 |
132.62 |
133.37 |
134.62 |
135.64 |
137.02 |
|
Mar 10 Year |
U |
130.08 |
130.31 |
131.14 |
131.30 |
132.06 |
132.21 |
|
Mar 30 Year |
U |
141.10 |
142.16 |
143.04 |
144.06 |
144.17 |
145.12 |
|
Mar Soybeans |
D14.20 |
14.20 |
14.36 |
14.22 |
14.81 |
14.83 |
15.14 |
|
Mar Corn |
D |
6.84 |
6.91 |
6.98 |
7.17 |
7.31 |
7.54 |
|
April Gold |
D |
1646.9 |
1657 |
1661 |
1672.2 |
1682.5 |
1697.3 |
|
Mar Silver |
D |
30.79 |
31.11 |
31.28 |
31.64 |
31.93 |
32.42 |
|
Mar Copper |
U |
368 |
372 |
373 |
378 |
379 |
382 |
|
Mar Crude |
U |
93.46 |
94.61 |
94.55 |
96.43 |
97.33 |
98.90 |
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