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Australian dollar futures down big again today.

Market News

06.05.13

Top Day Recommendations

ADP private jobs forecast comes in at a disappointing 135K. Overnight, stocks were lower on the idea that the economy is doing better and tapering will occur sooner than later. Today’s number as a stand-alone data point doesn’t support that idea. The dollar is weaker on this release with the exception of the Australian dollar. Today we also get the release of factory orders at 10 o’clock, the Institute for Supply Management services index also 10 o’clock, crude inventories at 1030 and then the release of the Fed’s beige book at two o’clock. This batch of numbers will give the market plenty of inflection points to pivot and turn. In other words, this will not be a wire to wire affair in terms of market directionality. Keep these times in mind.

 

 

Week of June 03 - June 07

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Jun 03

 

10:00

 

ISM Index

 

May

 

 

49.5

 

50.9

 

50.7

 

 

Jun 03

 

10:00

 

Construction Spending

 

Apr

 

 

0.5%

 

1.1%

 

-1.7%

 

 

Jun 03

 

14:00

 

Auto Sales

 

May

 

 

NA

 

NA

 

5.1M

 

 

Jun 03

 

14:00

 

Truck Sales

 

May

 

 

NA

 

NA

 

6.8M

 

 

Jun 04

 

08:30

 

Trade Balance

 

Apr

 

 

-$41.0B

 

-$41.1B

-

$38.8B

 

 

Jun 05

 

07:00

 

MBA Mortgage Index

 

06/01

 

 

NA

 

NA

 

-8.8%

 

                   

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Jun 05

 

08:15

 

ADP Employment Change

 

May

 

 

140K

 

157K

 

119K

 

 

Jun 05

 

08:30

 

Productivity-Rev.

 

Q1

 

 

0.9%

 

0.6%

 

0.7%

 

 

Jun 05

 

08:30

 

Unit Labor Costs

 

Q1

 

 

0.3%

 

0.6%

 

0.5%

 

 

Jun 05

 

10:00

 

Factory Orders

 

Apr

 

 

1.5%

 

1.5%

 

-4.9%

 

-4.0%

 

Jun 05

 

10:00

 

ISM Services

 

May

 

 

52.5

 

53.5

 

53.1

 

 

Jun 05

 

10:30

 

Crude Inventories

 

06/01

 

 

NA

 

NA

 

3.0M

 

 

Jun 05

 

14:00

 

Fed's Beige Book

 

Jun

 

 

 

 

 

 

Jun 06

 

07:30

 

Challenger Job Cuts

 

May

 

 

NA

 

NA

 

-6.0%

 

 

Jun 06

 

08:30

 

Initial Claims

 

06/01

 

 

NA

 

347K

 

NA

 

 

Jun 06

 

08:30

 

Continuing Claims

 

05/25

 

 

NA

 

2960K

 

NA

 

 

Jun 06

 

10:30

 

Natural Gas Inventories

 

06/01

 

 

NA

 

NA

 

88 bcf

 

 

Jun 07

 

08:30

 

Nonfarm Payrolls

 

May

 

 

170K

 

164K

 

165K

 

 

Jun 07

 

08:30

 

Nonfarm Private Payrolls

 

May

 

 

185K

 

174K

 

176K

 

 

Jun 07

 

08:30

 

Unemployment Rate

 

May

 

 

7.5%

 

7.5%

 

7.5%

 

 

Jun 07

 

08:30

 

Hourly Earnings

 

May

 

 

0.2%

 

0.2%

 

0.2%

 

 

Jun 07

 

08:30

 

Average Workweek

 

May

 

 

34.5

 

34.5

 

34.4

 

 

Jun 07

 

15:00

 

Consumer Credit

 

Apr

 

 

$10.0B

 

$13.5B

 

$8.0B

 


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


D

1596

1611.50

1620

1644

1658

1688

Jun Nasdaq


D

2936

2996

2955

3000

3016

3056

Jun JY


U

96.64

97.99

99.47

101.16

100.23

101.12

Jun EC


PRD( U)

127.37

128.60

130.49

131.36

130.84

131.85

Sept 10 Year


D

127.05

128.06

128.28

129.17

130.26

1332.13

Sept 30 Year


D

136.17

138.09

139.07

140.20

142.19

145.05

July Soybeans


U

14.47

14.78

15.11

15.35

15.34

15.59

July Corn


D

6.40

6.51

6.50

6.67

6.71

6.80

Aug Gold


D

1344

1365

1385

1411

1414.7

1442.4

July Silver


D

2149

21.64

22.17

22.08

22.60

23.41

July Copper


U

320

323

333

339

332

338

July Crude


U

88.67

90.14

92.32

94.35

94.50

97.39

 

 

 

 

 

 

 

 

 News