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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

Resource Pages | Friend Pages

European Central Bank meets tomorrow

Market News

Top Day Market News

6.05.12

We just get the Institute for Supply Management Service Index this morning at 10. Overnight, there was a drop in German factory orders and the Australia cut rates. The European Central Bank meets tomorrow. It also seems that Germany is more open to establishing a euro zone bad debt pool and paying that off over 25 years. This isn’t suggesting the issuance of a euro bond or jointly issued debt; the Germans regard a euro bond as unconstitutional. Even the idea of a common bad debt pool could take years to implement as it would involve treaty alterations and Italy and France may even regard this idea as inadequate. The elections in Greece on June 17th could even result in more elections.


 

Week of June 04 - June 08

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Jun

04

 

10:00

 

Factory Orders

 

Apr

 

 

-0.3%

 

0.1%

 

-1.9%

 

-1.5%

Jun

05

 

10:00

 

ISM Services

 

May

 

 

52.0

 

53.0

 

53.5

 

Jun

06

 

07:00

 

MBA Mortgage Index

 

06/02

 

 

NA

 

NA

 

-1.3%

 

Jun

06

 

08:30

 

Productivity-Rev.

 

Q1

 

 

-0.8%

 

0.7%

 

-0.5%

 

Jun

06

 

08:30

 

Unit Labor Costs-Rev

 

Q1

 

 

2.2%

 

2.3%

 

-2.0%

 

Jun

06

 

10:30

 

Crude Inventories

 

06/02

 

 

NA

 

NA

 

2.213M

 

Jun

06

 

14:00

 

Fed's Beige Book

 

May

 

 

 

 

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Jun

07

 

08:30

 

Initial Claims

 

06/02

 

 

375K

 

375K

 

383K

 

Jun

07

 

08:30

 

Continuing Claims

 

05/26

 

 

3250K

 

3250K

 

3242K

 

Jun

07

 

15:00

 

Consumer Credit

 

Apr

 

 

$10.0B

 

$12.7B

 

$21.4B

 

Jun

08

 

08:30

 

Trade Balance

 

Apr

 

 

-$49.9B

 

-$49.9B

-

$51.8B

 

Jun

08

 

10:00

Wholesale

Inventories

 

Apr

 

 

0.2%

 

0.5%

 

0.3%

 

 

MARKET PLACE

 

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

D

1233.25

1253.50

1262.50

1291.50

1314.5

0

1354.50

June Nasda q

D

2377

2416

2441.50

2507.00

2532

2609

June

Yen

U

124.14

126.10

127.00

128.12

124.91

130.76

June

EC

PRD(U)

121.05

122.59

124.15

125.88

125.96

127.79

Sept 10

Year

U

131.19

133.05

133.16

134.21

135.20

136.16

Sept 30

Year

U

144.31

148.26

150.10

152.07

156.11

156.25

July

Soybea ns

U

12.70

13.07

13.29

13.66

13.91

14.39

July

Corn

D

5.29

5.40

5.60

5.76

5.73

5.94

Aug

Gold

U

1497.3

1562.4

1606

1637

1662.3

0

1697.0

July

Silver

D

26.60

27.63

27.74

28.93

29.22

29.78

 

 

July

Coppe r

D

316

324

324

341

345

358

July

Crude

D

76.0

81.80

82.00

86.36

89.55

95.84

 

 

 

 

 

 

 

 

News