6.09.2014
Top Day Market News
The non-farm payroll report offered little in the way of surprises. At 217K the report came in line with expectations while the headline number came in at 6.3% and the labor participation rate remains troubling. The market took this report as yet another reason to be complacent and rallied again to fresh highs.
It should be remembered that even though the ECB has lowered rates to yield a negative interest rate for member banks depositing funds with them, the total funds that fall in this category are nominal at best.
No eco release today. Currencies will be rolling to September this week. EC will be sold on rallies.
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26 - May 30 Week of June 09 - June 13 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jun 10 |
10:00 |
Wholesale Inventories |
Apr |
|
0.2% |
0.3% |
1.1% |
|
|
Jun 10 |
10:00 |
JOLTS - Job Openings |
Apr |
|
NA |
NA |
4.014M |
|
|
Jun 11 |
07:00 |
MBA Mortgage Index |
06/07 |
|
NA |
NA |
-3.1% |
|
|
Jun 11 |
10:30 |
Crude Inventories |
06/07 |
|
NA |
NA |
-3.431M |
|
|
Jun 11 |
14:00 |
Treasury Budget |
May |
|
NA |
NA |
-$138.7B |
|
|
Jun 12 |
08:30 |
Initial Claims |
06/07 |
|
320K |
315K |
312K |
|
|
Jun 12 |
08:30 |
Continuing Claims |
06/07 |
|
2625K |
2638K |
2603K |
|
|
Jun 12 |
08:30 |
Retail Sales |
May |
|
1.3% |
0.7% |
0.1% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jun 12 |
08:30 |
Retail Sales ex-auto |
May |
|
0.5% |
0.4% |
0.0% |
|
|
Jun 12 |
08:30 |
Export Prices ex-ag. |
May |
|
NA |
NA |
-1.2% |
|
|
Jun 12 |
08:30 |
Import Prices ex-oil |
May |
|
NA |
NA |
0.0% |
|
|
Jun 12 |
10:00 |
Business Inventories |
Apr |
|
0.3% |
0.4% |
0.4% |
|
|
Jun 12 |
10:30 |
Natural Gas Inventories |
06/07 |
|
NA |
NA |
NA |
|
|
Jun 13 |
08:30 |
PPI |
May |
|
0.2% |
0.2% |
0.6% |
|
|
Jun 13 |
08:30 |
Core PPI |
May |
|
0.2% |
0.1% |
0.5% |
|
|
Jun 13 |
09:55 |
Mich Sentiment |
Jun |
|
82.5 |
82.9 |
81.9 |
|
Numbers below are good up until the close of buiness 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
Support and Resistance Grid
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
|
June ES |
|
U |
1901.75 |
1925.7 |
1942 |
1953 |
1958.7 |
1973.75 |
|
June Nasdaq |
U |
|
3676 |
3738 |
3783 |
3807 |
3831 |
3862 |
|
June Yen |
D |
|
96.19 |
97.11 |
97.34 |
97.82 |
98.11 |
98.61 |
|
June EC |
D |
|
134.33 |
135.40 |
136.19 |
136.75 |
137.15 |
137.83 |
|
Sept 10 Year Note |
D |
|
123.08 |
12.25 |
124.00 |
124.25 |
125.08 |
125.30 |
|
Sept 30 Year Bond |
PRD(U) |
132.25 |
134.14 |
134.30 |
136.02 |
136.30 |
138.17 |
|
|
July Soybeans |
D |
|
14.19 |
14.38 |
14.53 |
14.70 |
14.83 |
15.30 |
|
July Corn |
D |
|
4.35 |
4.47 |
4.550 |
4.63 |
4.71 |
4.82 |
|
Aug Gold |
D |
|
1232.20 |
1242.3 |
1246 |
1258 |
1260.3 |
1268.20 |
|
July Silver |
U |
18.40 |
18.70 |
18.84 |
19.16 |
19.25 |
19.50 |
|
July Copper |
D |
293.90 |
299.80 |
299 |
308 |
314 |
323 |
|
July Crude |
U |
100.6 |
101.69 |
102.37 |
103.14 |
103.78 |
104.78 |
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