6.16.2014
Top Day Market News
Overnight, copper has a better tone on better Chinese demand outlook. Crude continues to have a bid due to continued Iraqi unrest while the Yen is at a four month high against the EC on risk flight.
The Pound continues to have a bid on the idea that the BOE will raise rates sooner rather than later.
The US sees Empire Manufacturing out at 8:30 and then Industrial Production and Capacity Utilization at 9:15.
|
Week o |
f June |
16 - June 20 |
|
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jun 16 |
08:30 |
Empire Manufacturing |
Jun |
|
14.0 |
12.8 |
19.0 |
|
|
Jun 16 |
09:00 |
Net Long-Term TIC Flows |
Apr |
|
NA |
NA |
$4.0B |
|
|
Jun 16 |
09:15 |
Industrial Production |
May |
|
0.7% |
0.5% |
-0.6% |
|
|
Jun 16 |
09:15 |
Capacity Utilization |
May |
|
79.0% |
78.9% |
78.6% |
|
|
Jun 16 |
10:00 |
NAHB Housing Market Index |
Jun |
|
46 |
46 |
45 |
|
|
Jun 17 |
08:30 |
Housing Starts |
May |
|
1035K |
1028K |
1072K |
|
|
Jun 17 |
08:30 |
Building Permits |
May |
|
1060K |
1050K |
1080K |
|
|
Jun 17 |
08:30 |
CPI |
May |
|
0.2% |
0.2% |
0.3% |
|
|
Jun 17 |
08:30 |
Core CPI |
May |
|
0.1% |
0.2% |
0.2% |
|
|
Jun 18 |
07:00 |
MBA Mortgage Index |
06/14 |
|
NA |
NA |
+10.3% |
|
|
Jun 18 |
08:30 |
Current Account Balance |
Q1 |
|
-$98.5B |
-$97.8B |
-$81.1B |
|
|
Jun 18 |
10:30 |
Crude Inventories |
06/14 |
|
NA |
NA |
-2.596M |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jun 18 |
14:00 |
FOMC Rate Decision |
Jun |
|
NA |
NA |
0.25% |
|
|
Jun 19 |
08:30 |
Initial Claims |
06/14 |
|
310K |
313K |
317K |
|
|
Jun 19 |
08:30 |
Continuing Claims |
06/14 |
|
2625K |
2638K |
2614K |
|
|
Jun 19 |
10:00 |
Philadelphia Fed |
Jun |
|
13.0 |
13.4 |
15.4 |
|
|
Jun 19 |
10:00 |
Leading Indicators |
May |
|
0.5% |
0.5% |
0.4% |
|
|
Jun 19 |
10:30 |
Natural Gas Inventories |
06/14 |
|
NA |
NA |
107 bcf |
|
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 |
|
Sept ES |
U |
1901 |
1914 |
1915 |
1932 |
1944 |
1960 |
|
Sept Nasdaq |
U |
3716 |
3743 |
3742 |
3780 |
3798 |
3826 |
|
Sept Yen |
U |
96.95 |
97.49 |
97.80 |
98.60 |
98.49 |
98.95 |
|
Sept EC |
D |
134.14 |
134.74 |
134.90 |
135.72 |
136.31 |
137.28 |
|
Sept 10 Year Note |
D |
123.12 |
123.27 |
124.00 |
124.22 |
124.22 |
125.02 |
|
Sept 30 Year Bond |
U |
133.28 |
134.27 |
135.07 |
136.24 |
136.14 |
137.04 |
|
July Soybeans |
D |
13.71 |
13.98 |
14.14 |
14.39 |
14.64 |
15.02 |
|
July Corn |
PRD(U) |
4.295 |
4.38 |
4.43 |
4.52 |
4.565 |
4.66 |
|
Aug Gold |
U |
1240 |
1228 |
1270 |
1281.50 |
1286 |
1296 |
|
July Silver |
U |
18.70 |
19.18 |
19.51 |
19.86 |
19.93 |
20.20 |
|
July Copper |
D |
297 |
300 |
301.50 |
305.70 |
306 |
309 |
|
July Crude |
U |
100.60 |
103.70 |
106.20 |
108.20 |
108.76 |
110.75 |
|
|
|
|
|
|
|
|
|