3.04.2014
Top Day Market News
Asian equities rebounded overnight as markets reconsidered the recent developments in the Ukraine. Over the past two business days, Russian equities lost more than 30 billion, the oligarchs lost more than 13 billion and the Russian central bank spent 10 billion in defending the rouble. This all has apparently factored into Vladimir Putin’s decision to order his troops back to base after two days of military exercises in the Crimea. US stock indicies rebounded while bonds, the yen and gold lost their flight from fear premium.
Australia came out with some better numbers but gains were trimmed as the central bank governor said the currency remains too high by historical measures. Aussie and Copper await sellers.
Wheat soared yesterday as Ukraine grain shipments were called into question.
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Week of March 03 - March 07 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Mar 03 |
08:30 |
Personal Income |
Jan |
|
0.2% |
0.3% |
0.0% |
|
|
|
Mar 03 |
08:30 |
Personal Spending |
Jan |
|
-0.1% |
0.1% |
0.4% |
|
|
|
Mar 03 |
08:30 |
PCE Prices - Core |
Jan |
|
0.1% |
0.1% |
0.1% |
|
|
|
Mar 03 |
10:00 |
ISM Index |
Feb |
|
51.0 |
51.6 |
51.3 |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Mar 03 |
10:00 |
Construction Spending |
Jan |
|
-0.7% |
-0.1% |
0.1% |
|
|
Mar 03 |
14:00 |
Auto Sales |
Feb |
|
NA |
NA |
5.1M |
|
|
Mar 03 |
14:00 |
Truck Sales |
Feb |
|
NA |
NA |
7.0M |
|
|
Mar 05 |
07:00 |
MBA Mortgage Index |
03/01 |
|
NA |
NA |
-8.5% |
|
|
Mar 05 |
08:15 |
ADP Employment Change |
Feb |
|
150K |
150K |
175K |
|
|
Mar 05 |
10:00 |
ISM Services |
Feb |
|
53.5 |
53.5 |
54.0 |
|
|
Mar 05 |
10:30 |
Crude Inventories |
03/01 |
|
NA |
NA |
0.068M |
|
|
Mar 05 |
14:00 |
Fed's Beige Book |
Mar |
|
NA |
NA |
NA |
|
|
Mar 06 |
07:30 |
Challenger Job Cuts |
Feb |
|
NA |
NA |
47.3% |
|
|
Mar 06 |
08:30 |
Initial Claims |
03/01 |
|
335K |
338K |
348K |
|
|
Mar 06 |
08:30 |
Continuing Claims |
02/22 |
|
2975K |
2973K |
2964K |
|
|
Mar 06 |
08:30 |
Productivity-Rev. |
Q4 |
|
2.5% |
2.5% |
3.2% |
|
|
Mar 06 |
08:30 |
Unit Labor Costs - Rev |
Q4 |
|
-0.8% |
-0.7% |
-1.6% |
|
|
Mar 06 |
10:00 |
Factory Orders |
Jan |
|
-0.3% |
-0.5% |
-1.5% |
|
|
Mar 06 |
10:30 |
Natural Gas Inventories |
03/01 |
|
NA |
NA |
-95 bcf |
|
|
Mar 07 |
08:30 |
Nonfarm Payrolls |
Feb |
|
165K |
163K |
113K |
|
|
Mar 07 |
08:30 |
Nonfarm Private Payrolls |
Feb |
|
175K |
170K |
142K |
|
|
Mar 07 |
08:30 |
Unemployment Rate |
Feb |
|
6.5% |
6.6% |
6.6% |
|
|
Mar 07 |
08:30 |
Hourly Earnings |
Feb |
|
0.1% |
0.2% |
0.2% |
|
|
Mar 07 |
08:30 |
Average Workweek |
Feb |
|
34.5 |
34.4 |
34.4 |
|
|
Mar 07 |
08:30 |
Trade Balance |
Jan |
|
-$37.0B |
-$37.3B |
-$38.7B |
|
|
Mar 07 |
15:00 |
Consumer Credit |
Jan |
|
$9.0B |
$11.8B |
$18.8B |
|
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 |
1815 |
1845 |
1833 |
1858 |
1875 |
1887 |
|
Mar Nasdaq |
PRD(D) |
3625 |
3671 |
3644 |
3701 |
3730 |
3760 |
|
Mar Yen |
U |
96.95 |
97.10 |
98.18 |
99.02 |
98.68 |
99.12 |
|
Mar EC |
U |
135.80 |
137.00 |
136.83 |
138.17 |
138.80 |
139.40 |
|
June 10 Year Note |
PRD(D) |
123.10 |
123.20 |
124.11 |
125.07 |
124.20 |
125.31 |
|
June 30 Year Bond |
U |
130.11 |
131.23 |
133 |
134.09 |
133.28 |
134.21 |
|
May Soybean |
U |
16.11 |
16.16 |
13.93 |
14.30 |
14.53 |
14.93 |
|
May Corn |
U |
4.47 |
4.55 |
4.62 |
4.80 |
4.68 |
4.73 |
|
Aprl Gold |
U |
1304 |
1316 |
1321 |
1359 |
1340 |
1357 |
|
May Silver |
U |
21.24 |
21.49 |
21.01 |
21.73 |
22.14 |
22.40 |
|
May Copper |
D |
312.80 |
317.70 |
315 |
321 |
324.00 |
329.00 |
|
April Crude |
U |
99.98 |
101.37 |
102.10 |
105.72 |
103.29 |
104.81 |
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