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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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Chinese inflation has slowed.

Market News

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

 

 

 

 

 

 

 

 

 News