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.
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Week of June 02 - June 06 |
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|
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 |
|
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