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Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


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9247 Broadway
Suite EE
Merrillville, IN 46410

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Much is expected of Mario Draghi, the ECB President.

6.05.2014

Top Day Market News

Today, fireworks; maybe. It starts early with the 7:00 am release of the Bank of England interest rate decision then quickly transitions to the to the 7:45 am ECB interest rate decision. Much is expected of Mario Draghi, the ECB President, at this moment in time. He is expected to cut rates and possibly even introduce a form of quantitative easing to stimulate the EU economy and counteract deflationary pressures. His follow up press conference will hopefully clarify his operational approach going forward. Running up to this event risk, markets predictably, were quiet overnight.


 

Week of June 02 - June 06

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jun 02

10:00

ISM Index

May

 

56.0

55.6

54.9

 

Jun 02

10:00

Construction  Spending

Apr

 

0.6%

0.7%

0.2%

 

Jun 03

10:00

Factory Orders

Apr

 

0.6%

0.5%

1.1%

 

Jun 03

14:00

Auto Sales

May

 

NA

NA

5.3M

 

Jun 03

14:00

Truck Sales

May

 

NA

NA

7.5M

 

Jun 04

07:00

MBA Mortgage Index

05/31

 

NA

NA

NA

 

Jun 04

08:15

ADP Employment Change

May

 

200K

200K

220K

 

Jun 04

08:30

Trade Balance

Apr

 

-$42.5B

-$41.3B

-$40.4B

 

Jun 04

08:30

Productivity-Rev.

Q1

 

-2.0%

-2.5%

-1.7%

 

Jun 04

08:30

Unit Labor Costs

Q1

 

4.7%

4.8%

4.2%

 

Jun 04

10:00

ISM Services

May

 

56.0

55.5

55.2

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jun 04

10:30

Crude Inventories

05/31

 

NA

NA

1.657M

 

Jun 04

14:00

Fed's Beige Book

Jun

 

 

 

 

 

Jun 05

07:30

Challenger Job Cuts

May

 

NA

NA

5.7%

 

Jun 05

08:30

Initial Claims

05/31

 

320K

310K

300K

 

Jun 05

08:30

Continuing Claims

05/24

 

2650K

2650K

2631K

 

Jun 05

10:30

Natural Gas Inventories

05/31

 

NA

NA

114 bcf

 

Jun 06

08:30

Nonfarm Payrolls

May

 

235K

220K

288K

 

Jun 06

08:30

Nonfarm Private  Payrolls

May

 

240K

230K

273K

 

Jun 06

08:30

Unemployment Rate

May

 

6.5%

6.4%

6.3%

 

Jun 06

08:30

Hourly Earnings

May

 

0.2%

0.2%

0.0%

 

Jun 06

08:30

Average Workweek

May

 

34.5

34.5

34.5

 

Jun 06

15:00

Consumer Credit

Apr

 

$15.0B

$15.0B

$17.5B

 


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

1887.50

1913.2

1919

1929

1928

1938

June Nasdaq

U

 

3652

3690

33722

3757

3753

3778

June Yen

D

 

97.54

98..03

97.22

97.76

98.37

99.00

June EC

D

 

135.42

135.90

1335.83

136.54

136.72

137.11

Sept 10 Year Note

D

 

124.09

124.28

124.04

124.26

126.24

127..12

Sept 30 Year Bond

D

 

135.10

136.12

134.27

136.01

138.26

134.06

July Soybeans

D

14.64

14.80

14.64

14.93

15.11

15.29

July Corn

PRD(D)

4.58

4.616

4.53

4.59

4.72

4.78

Aug Gold

D

1210.20

1230.8

1238.80

1248.0

1283

1315.20

July Silver

PRD(U)

18.08

18.44

18.63

18.87

19.32

19.85

July Copper

PRD(D)

302.80

310.7

307

312

317.90

322

July Crude

U

98.86

100.20

101.45

103.27

103.24

104.30