04.09.13
Top Day Market News
Again, a quiet day in terms of economic releases. Just wholesale inventories at 10 o’clock. Overnight, the Yen rebounded after being oversold. The measure of Chinese inflation slowed and this took equities and called to better levels. Better ratings on UK Industrial production gave hope that the United Kingdom may be able to avoid a third visit to recession. Rallies in the yen will be sold. Today’s a potential reversal day to the downside in the Canadian dollar. The Australian dollar is trading above outside resistance at 104.18. This price action is due to the Chinese inflation number. If there had been measurable signs of increased inflation, it would be reasonable to expect that the Chinese would ratchet back spending, an Australian dollar negative. Since this condition is not in place, Chinese spending plans do not have to be revised.
|
|
Week of April 08 - April 12 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Apr 09 |
10:00 |
Wholesale Inventories |
Feb |
|
0.5% |
0.5% |
1.2% |
|
|
|
Apr 10 |
07:00 |
MBA Mortgage Index |
04/06 |
|
NA |
NA |
-4.0% |
|
|
|
Apr 10 |
10:30 |
Crude Inventories |
04/06 |
|
NA |
NA |
2.707M |
|
|
|
Apr 10 |
14:00 |
Treasury Budget |
Mar |
|
-$107.0B |
-$107.0B |
- $198.2B |
|
|
|
Apr 10 |
14:00 |
FOMC Minutes |
3/20 |
|
|
|
|
|
|
|
Apr 11 |
08:30 |
Initial Claims |
04/06 |
|
355K |
365K |
385K |
|
|
|
Apr 11 |
08:30 |
Continuing Claims |
03/30 |
|
3050K |
3058K |
3063K |
|
|
Apr 11 |
08:30 |
Export Prices ex-ag. |
Mar |
|
NA |
NA |
0.6% |
|
|
Apr 11 |
08:30 |
Import Prices ex-oil |
Mar |
|
NA |
NA |
0.0% |
|
|
Apr 11 |
10:30 |
Natural Gas Inventories |
04/06 |
|
NA |
NA |
-94 bcf |
|
|
Apr 12 |
08:30 |
Retail Sales |
Mar |
|
0.0% |
0.0% |
1.1% |
|
|
Apr 12 |
08:30 |
Retail Sales ex-auto |
Mar |
|
0.3% |
0.0% |
1.0% |
|
|
Apr 12 |
08:30 |
PPI |
Mar |
|
0.1% |
-0.1% |
0.7% |
|
|
Apr 12 |
08:30 |
Core PPI |
Mar |
|
0.2% |
0.1% |
0.2% |
|
|
Apr 12 |
09:55 |
Mich Sentiment |
Apr |
|
76.0 |
78.0 |
78.6 |
|
|
Apr 12 |
10:00 |
Business Inventories |
Feb |
|
0.6% |
0.4% |
1.0% |
|
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 |
|
Jun ES |
U |
1514 |
1530 |
1547 |
1567 |
1565 |
1581 |
|
Jun Nasdaq |
D |
2689.75 |
2227.50 |
2762 |
2793 |
2813 |
2860 |
|
Jun JY |
D |
98.42 |
100.42 |
99.79 |
102.55 |
106.25 |
110.08 |
|
Jun EC |
U |
126.43 |
128.31 |
129.79 |
130.78 |
131.27 |
132.35 |
|
Jun 10 Year |
U |
131.04 |
132.04 |
132.15 |
133.03 |
133.24 |
134.12 |
|
Jun 30 Year |
U |
142.15 |
145.08 |
146.17 |
147.27 |
149.17 |
151.01 |
|
May Soybeans |
D |
13.21 |
13.41 |
13.62 |
13.85 |
13.95 |
14.28 |
|
May Corn |
D |
5.92 |
6.10 |
6.28 |
6.40 |
6.63 |
6.97 |
|
June Gold |
D |
1510.2 |
1546 |
1565 |
1581 |
1610 |
1640 |
|
May Silver |
D |
25.62 |
26.45 |
26.98 |
27.38 |
28.23 |
29.19 |
|
May Copper |
D |
325 |
336 |
334 |
342 |
339 |
344 |
|
May Crude |
D |
88.3 |
90.70 |
92.63 |
94.49 |
96.59 |
100.14 |
|
|
|
|
|
|
|
|
|
