5.27.2014
Top Day Market News
Over the US holiday weekend, the Ukraine elected a President whose stated main priority is to bring an end to internal strife. Vladimir Putin has previously said that he would work with the winner of this election. The election results were viewed positively by the West. Consequently, gold and oil were both under selling pressure.
Today is a readjustment day after the holiday as traders return. Durable goods and consumer confidence are both on the calendar today which ay counterbalance any post-election lift in the major currencies against the dollar.
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Week of May 26 - May 30 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
May 27 |
08:30 |
Durable Orders |
Apr |
|
-2.0% |
-1.3% |
2.9% |
2.6% |
|
May 27 |
08:30 |
Durable Goods –ex transportation |
Apr |
|
-0.4% |
-0.2% |
2.4% |
2.0% |
|
May 27 |
09:00 |
Case-Shiller 20-city Index |
Mar |
|
12.0% |
11.8% |
12.9% |
|
|
May 27 |
09:00 |
FHFA Housing Price Index |
Mar |
|
NA |
NA |
0.6% |
|
|
May 27 |
10:00 |
Consumer Confidence |
May |
|
81.5 |
82.7 |
82.3 |
|
|
May 28 |
07:00 |
MBA Mortgage Index |
05/24 |
|
NA |
NA |
0.9% |
|
|
May 29 |
08:30 |
Initial Claims |
05/24 |
|
325K |
318K |
326K |
|
|
May 29 |
08:30 |
Continuing Claims |
05/17 |
|
2650K |
2650K |
2653K |
|
|
May 29 |
08:30 |
GDP - Second Estimate |
Q1 |
|
-0.5% |
-0.5% |
0.1% |
|
|
May 29 |
08:30 |
GDP Deflator - Second Estimate |
Q1 |
|
1.3% |
1.3% |
1.3% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
May 29 |
10:00 |
Pending Home Sales |
Apr |
|
1.0% |
1.0% |
3.4% |
|
|
May 29 |
10:30 |
Natural Gas Inventories |
05/24 |
|
NA |
NA |
106 bcf |
|
|
May 29 |
11:00 |
Crude Inventories |
05/24 |
|
NA |
NA |
- 7.226M |
|
|
May 30 |
08:30 |
Personal Income |
Apr |
|
0.3% |
0.3% |
0.5% |
|
|
May 30 |
08:30 |
Personal Spending |
Apr |
|
0.1% |
0.2% |
0.9% |
|
|
May 30 |
08:30 |
PCE Prices - Core |
Apr |
|
0.2% |
0.2% |
0.2% |
|
|
May 30 |
09:45 |
Chicago PMI |
May |
|
60.0 |
60.3 |
63.0 |
|
|
May 30 |
09:55 |
Michigan Sentiment - Final |
May |
|
81.0 |
81.4 |
81.8 |
|
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 |
1857 |
1874 |
1891 |
1905 |
1909 |
1921 |
|
June Nasdaq |
U |
|
3527 |
3601 |
3645 |
3697 |
3713 |
3715 |
|
June Yen |
D |
|
97.27 |
97.67 |
97.92 |
98.2 |
98.83 |
99.59 |
|
June EC |
D |
|
13538 |
13582 |
136.08 |
136.74 |
137.02 |
137.78 |
|
June 10 Year Note |
U |
|
125.08 |
125.17 |
125.20 |
125.29 |
126.02 |
126.11 |
|
June 30 Year Bond |
U |
|
135.12 |
136.06 |
136.17 |
137.08 |
137.24 |
138.18 |
|
July Soybeans |
D |
|
14.22 |
14.68 |
15.00 |
15.25 |
15.49 |
15.83 |
|
July Corn |
U |
4.075 |
4.72 |
4.73 |
4.80 |
4.82 |
4.87 |
|
June Gold |
D |
1271 |
1282 |
1282 |
1296 |
1304.8 |
1316.80 |
|
July Silver |
D |
18.51 |
18.93 |
19.18 |
19.53 |
19.89 |
20.42 |
|
July Copper |
U |
306.40 |
311.60 |
314 |
318 |
320.15 |
323.50 |
|
July Crude |
U |
103.72 |
103.95 |
103.72 |
104.56 |
104.37 |
104.56 |
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