3.10.2014
Top Day Market News
Very little today in terms of event risk. A quiet Monday as they usually are in the wake of the release of non-farm payrolls. They came in better than expected and surprised many given the harsh February most of the country endured. Over the weekend, very dissapointing numbers concerning Chinese balance of trade. This created selling pressure on the Aussie dollar and further justified weakness in copper. Chinese overseas sales were lower by -18.1% year on year.
Today begins rollover week for currencies.
|
|
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 |
|
|
|
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 |
10:00 |
ISM Services |
Feb |
|
53.5 |
53.5 |
54.0 |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
05 |
|
|
|
|
|
|
|
|
|
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 |
|
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 |
1810 |
1843 |
1869 |
1887 |
1898 |
1920 |
|
Mar Nasdaq |
PRD(D) |
3590 |
3647 |
3679 |
3734 |
3750 |
3797 |
|
|
June Yen |
D |
|
94.990 |
95.87 |
96.41 |
97.29 |
98.35 |
99.86 |
|
June EC |
U |
136.27 |
137.49 |
138.43 |
139.05 |
139.53 |
140.35 |
|
June 10 Year Note |
D |
122.04 |
122.27 |
123.06 |
124.00 |
124.23 |
125.28 |
|
June 30Year Bond |
PRD(D) |
128.17 |
12.29 |
130.16 |
131.31 |
133.08 |
135.11 |
|
May Soybean |
U |
13.81 |
14.19 |
14.26 |
14.66 |
14.77 |
14.97 |
|
May Corn |
U |
4.46 |
4.67 |
4.73 |
4.99 |
5.06 |
5.23 |
|
Aprl Gold |
U |
1311 |
1325.7 |
1325.00 |
1352.00 |
1354.0 |
1368.00 |
|
May Silver |
U |
20.14 |
20.51 |
50.58 |
21.44 |
21.49 |
22.11 |
|
May Copper |
D |
297 |
303 |
298 |
317 |
318 |
329 |
|
April Crude |
U |
97.59 |
100.14 |
101.05 |
103.21 |
105.23 |
107.77 |
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