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State of the Union speech tonight.

Market News

02.12.13

Top Day Market News

Again, another light news day in terms of economic releases. State of the Union speech tonight. Overnight, the G-7 backed away from a currency will by agreeing to avoid targeting exchange rates. The British pound traded at six-month lows against the dollar as its expected the bank of England will downwardly revise growth rates and by so doing giving an argument to maintain low interest rates moving forward. The yen continues lower and Palladium continues to outperform other metals.

 

Week of February 11 - February 15

 

Date

 

ET

 

Release

 

For

Briefing.com Forecast

Briefing.com Consensus

 

Prior

 

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

 

 

 

Date

 

ET

 

Release

 

For

Briefing.com Forecast

Briefing.com Consensus

 

Prior

 

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

1506

1516.75

1522.50


1531

Mar Nasdaq

 

U

2683

2727

2754

2779

2797

2822

Mar Yen

 

D

105.25

106.51

104.73

108.21

108.84

109.91

Mar EC

 

D

131.58

132.62

133.23

134.28

135.64

137.02

Mar 10 Year

 

U

130.08

130.31

131.17

131.26

132.06

132.21

Mar 30 Year

 

U

141.10

142.16

143.14

144.04

144.17

145.12

Mar Soybeans

 

D

14.20

14.36

14.15

14.45

14.83

15.14

Mar Corn

 

D

6.84

6.91

6.93

7.10

7.31

7.54

April Gold

 

D

1646.9

1657

1638.4

1664

1682.5

1697.3

Mar Silver

 

D

30.79

31.11

30.64

31.35

31.93

32.42

Mar Copper

 

U

368

372

369

375

379

382

Mar Crude

 

D

93.46

94.61

95.63

97.75

97.33

98.90

News