4.01.2014
Top Day Market News
Markets were setting up in front of the two major event risks of the week, the ECB meeting on Thursday and non farm payroll creation in the US on Friday. Yesterday was also marked by the crosscurrents of month end and quarter end considerations. At the same time, the Yen was dealing with an increase in its tax structure which should have the net effect of slowing economic growth there. Expectations for inflation in the Eurozone are very low to the point of potential deflationary pressures. Chicago PMI was better than expected. ISM index at 10.
The Aussie/Yen cross has advanced relentlessly over the past week and a half and is ripe for regression.
|
|
Week of March 31 - April 04 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Mar 31 |
09:45 |
Chicago PMI |
Mar |
|
60.0 |
60.1 |
59.8 |
|
|
|
Apr 01 |
10:00 |
ISM Index |
Mar |
|
54.2 |
54.1 |
53.2 |
|
|
|
Apr 01 |
10:00 |
Construction Spending |
Feb |
|
0.0% |
0.1% |
0.1% |
|
|
|
Apr 01 |
14:00 |
Auto Sales |
Mar |
|
NA |
NA |
5.2M |
|
|
|
Apr 01 |
14:00 |
Truck Sales |
Mar |
|
NA |
NA |
7.0M |
|
|
|
Apr 02 |
07:00 |
MBA Mortgage Index |
03/29 |
|
NA |
NA |
-3.5% |
|
|
|
Apr 02 |
08:15 |
ADP Employment Change |
Mar |
|
215K |
215K |
139K |
|
|
|
Apr 02 |
10:00 |
Factory Orders |
Feb |
|
1.1% |
1.1% |
-0.7% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Apr 02 |
10:30 |
Crude Inventories |
03/29 |
|
NA |
NA |
6.619M |
|
|
Apr 03 |
07:30 |
Challenger Job Cuts |
Mar |
|
NA |
NA |
-24.4% |
|
|
Apr 03 |
08:30 |
Initial Claims |
03/29 |
|
320K |
320K |
311K |
|
|
Apr 03 |
08:30 |
Continuing Claims |
03/22 |
|
2850K |
2850K |
2823K |
|
|
Apr 03 |
08:30 |
Trade Balance |
Feb |
|
-$40.5B |
-$39.5B |
- $39.1B |
|
|
Apr 03 |
10:00 |
ISM Services |
Mar |
|
53.0 |
53.5 |
51.6 |
|
|
Apr 03 |
10:30 |
Natural Gas Inventories |
03/29 |
|
NA |
NA |
-57 bcf |
|
|
Apr 04 |
08:30 |
Nonfarm Payrolls |
Mar |
|
185K |
197K |
175K |
|
|
Apr 04 |
08:30 |
Nonfarm Private Payrolls |
Mar |
|
195K |
205K |
162K |
|
|
Apr 04 |
08:30 |
Unemployment Rate |
Mar |
|
6.6% |
6.6% |
6.7% |
|
|
Apr 04 |
08:30 |
Hourly Earnings |
Mar |
|
0.2% |
0.2% |
0.4% |
|
|
Apr 04 |
08:30 |
Average Workweek |
Mar |
|
34.5 |
34.4 |
34.2 |
|
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 |
|
|
June ES |
|
U |
1816 |
1833 |
1857 |
1875 |
1867 |
1885 |
|
June Nasdaq |
U |
|
3463 |
3513 |
3568 |
3628 |
3635 |
3787 |
|
June Yen |
D |
|
96.38 |
96.84 |
96.37 |
97.25 |
98.06 |
98.82 |
|
June EC |
PRD(U) |
136.02 |
136.70 |
137.24 |
138.15 |
138.49 |
139.48 |
|
|
June 10 Year Note |
U |
|
122.21 |
123.03 |
122.31 |
123.21 |
123.31 |
124.13 |
|
June 30 Year Bond |
PRD(D) |
131.10 |
132.13 |
132.03 |
133.26 |
134.18 |
135.20 |
|
|
May |
U |
|
13.39 |
14.03 |
14.35 |
14.94 |
14.60 |
14.84 |
|
Soybeans |
|
|
|
|
|
|
|
|
May Corn |
U |
4.71 |
4.80 |
4.65 |
5.12 |
4.99 |
5.06 |
|
June Gold |
D |
1255 |
1275 |
1277 |
1294 |
1324 |
1354 |
|
May Silver |
D |
19.16 |
19.49 |
19.54 |
20.11 |
20.23 |
20.64 |
|
May Copper |
U |
287.60 |
295.00 |
300 |
306 |
308.00 |
313.00 |
|
May Crude |
U |
97.46 |
99.56 |
100.98 |
102.07 |
103.00 |
104.34 |
|
|
|
|
|
|
|
|
|
