06.13.13
Top Day Market News
June currencies come off the board on Monday, so roll. Nikkei was down 6% overnight and the Yen is up its obligatory 185 points. FTSE is down 44, DAX down 100 and CAC down 16.53. All this as markets are baking in the possibility of tapering at the next FOMC rate decision meeting next Wednesday.
Retail sales are better than expected at +0.6%. Weekly jobless claims down 12K, also ok. Continuing claims lower as well. May import prices down, export prices down as well. This should take the luster off the Yen.
The only caveat to these numbers is that some will interpret that since the economy may be doing better, despite sequester, the Fed may be more inclined to taper.
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Week of June 10 - June 14 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jun 11 |
10:00 |
Wholesale Inventories |
Apr |
|
0.2% |
0.2% |
0.4% |
|
|
|
Jun 12 |
07:00 |
MBA Mortgage Index |
06/08 |
|
NA |
NA |
-11.5% |
|
|
|
Jun 12 |
10:30 |
Crude Inventories |
06/08 |
|
NA |
NA |
-6.267M |
|
|
|
Jun 12 |
14:00 |
Treasury Budget |
May |
|
-$139.0B |
-$139.0B |
- $124.6B |
|
|
Jun 13 |
08:30 |
Initial Claims |
06/08 |
|
350K |
345K |
346K |
|
|
Jun 13 |
08:30 |
Continuing Claims |
06/01 |
|
2975K |
2973K |
2952K |
|
|
Jun 13 |
08:30 |
Retail Sales |
May |
|
0.1% |
0.3% |
0.1% |
|
|
Jun 13 |
08:30 |
Retail Sales ex-auto |
May |
|
0.1% |
0.3% |
-0.2% |
-0.1% |
|
Jun 13 |
08:30 |
Export Prices ex-ag. |
May |
|
NA |
NA |
-0.5% |
|
|
Jun 13 |
08:30 |
Import Prices ex-oil |
May |
|
NA |
NA |
-0.2% |
|
|
Jun 13 |
10:00 |
Business Inventories |
Apr |
|
0.2% |
0.2% |
0.0% |
|
|
Jun 13 |
10:30 |
Natural Gas Inventories |
06/08 |
|
NA |
NA |
111 bcf |
|
|
Jun 14 |
08:30 |
PPI |
May |
|
0.2% |
0.1% |
-0.7% |
|
|
Jun 14 |
08:30 |
Core PPI |
May |
|
0.2% |
0.1% |
0.1% |
|
|
Jun 14 |
08:30 |
Current Account Balance |
Q1 |
|
-$112.0B |
-$111.5B |
- $110.4B |
|
|
Jun 14 |
09:15 |
Industrial Production |
May |
|
0.1% |
0.1% |
-0.5% |
|
|
Jun 14 |
09:15 |
Capacity Utilization |
May |
|
77.9% |
77.8% |
77.8% |
|
|
Jun 14 |
09:55 |
Mich Sentiment |
Jun |
|
81.5 |
83.0 |
84.5 |
|
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
|
PRD( D) |
1576 |
1608 |
1590.50 |
1629 |
1657 |
1676 |
|
Jun Nasdaq
|
PRD( D) |
2871 |
2928 |
2879.75 |
2965 |
3024 |
3064 |
|
Jun JY
|
U |
96.40 |
99.52 |
103.35 |
106.30 |
105.52 |
108.40 |
|
Jun EC
|
U |
128.11 |
130.17 |
132.70 |
134.16 |
133.68 |
135.13 |
|
Sept 10 Year
|
D |
127..29 |
128.16 |
128.13 |
128.30 |
130.02 |
131.01 |
|
Sept 30 Year
|
D |
137.12 |
138.18 |
138.09 |
139.17 |
141.22 |
143.22 |
|
July Soybeans
|
U |
14.88 |
15.008 |
15.15 |
15.56 |
15.48 |
15.66 |
|
July Corn
|
U |
6.31 |
6.48 |
6.44 |
6.596 |
6.78 |
6.915 |
|
Aug Gold
|
D |
1348.7 |
1365 |
1378.10 |
1399.90 |
1412.7 |
1441.1 |
|
July Silver
|
D |
20.61 |
21.12 |
21.51 |
22.01 |
22.53 |
23.42 |
|
July Copper
|
D |
315 |
321 |
318 |
325 |
336 |
345 |
|
July Crude
|
U |
89.50 |
92.58 |
94.74 |
96.73 |
98.01 |
99.76 |
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