6.11.2014
Top Day Market News
The slow news week in terms of economic releases continues on with oil inventories.
The situation in Iraq has seemingly deteriorated as ISIS has control of large parts of Syria and Mosul, an important city in Iraq.
Since the ECB rate decision, a popular trade has been to sell the non-yield currencies (the EC) and buy the currencies that yield. A carry trade. The chart below is a weekly chart of the EC/Aussie.
Looks as though there’s room to move to the downside.
|
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% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
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% |
|
|
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 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
Support and Resistance Grid
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
|
June ES |
|
U |
1901.75 |
1925.7 |
1945 |
1953 |
1958.7 |
1973.75 |
|
June Nasdaq |
U |
|
3676 |
3738 |
3789 |
3807 |
3831 |
3862 |
|
June Yen |
PRD(U) |
96.19 |
97.11 |
97.51 |
97.86 |
98.11 |
98.61 |
|
|
June EC |
D |
|
134.33 |
135.40 |
134.91 |
135.85 |
137.15 |
137.83 |
|
Sept 10 Year Note |
D |
|
123.08 |
12.25 |
123.21 |
124.08 |
125.08 |
125.30 |
|
Sept 30 |
D |
|
132.25 |
134.14 |
134.05 |
135.16 |
136.30 |
138.17 |
|
Year Bond |
|
|
|
|
|
|
|
|
July Soybeans |
D |
14.19 |
14.38 |
14.52 |
14.73 |
14.83 |
15.30 |
|
July Corn |
D |
4.35 |
4.47 |
4.42 |
4.52 |
4.71 |
4.82 |
|
Aug Gold |
PRD(U) |
1232.20 |
1242.3 |
1252.2 |
1265 |
1260.3 |
1268.20 |
|
July Silver |
U |
18.40 |
18.70 |
19.01 |
19.28 |
19.25 |
19.50 |
|
July Copper |
D |
293.90 |
299.80 |
303 |
307 |
314 |
323 |
|
July Crude |
U |
100.6 |
101.69 |
103.82 |
104.90 |
103.78 |
104.78 |
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