6.18.2014
Top Day Market News
Today brings us to the second day of the Fed’s Open Market Committee meeting and interest rate decision. Something may come of this as there’s a Janet Yellin press conference immediately following. The communique will be parsed for meaning and intended consequences. Something, something vague enough to be rendered specific, suggests that you wouldn’t want to navigate a financial crisis with Janet Yellin at the bridge. The economy might run over its tow line.
The Baltic dry weight index has basically collapsed. There may be greater systemic weakness than anyone wants to recognize.
|
Week of |
June |
16 - June 20 |
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|
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 |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jun 18 |
10:30 |
Crude Inventories |
06/14 |
|
NA |
NA |
- 2.596M |
|
|
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 |
1926 |
1938 |
1944 |
1960 |
|
Sept Nasdaq |
U |
3716 |
3743 |
3768 |
3791 |
3798 |
3826 |
|
Sept Yen |
U |
96.95 |
97.49 |
97.76 |
98.19 |
98.49 |
98.95 |
|
Sept EC |
D |
134.14 |
134.74 |
135.27 |
135.79 |
136.31 |
137.28 |
|
Sept 10 Year Note |
D |
123.12 |
123.27 |
123.21 |
124.07 |
124.22 |
125.02 |
|
Sept 30 Year Bond |
U |
133.28 |
134.27 |
134.22 |
135.29 |
136.14 |
137.04 |
|
July Soybeans |
D |
13.71 |
13.98 |
13.87 |
14.17 |
14.64 |
15.02 |
|
July Corn |
D |
4.295 |
4.38 |
4.35 |
4.41 |
4.565 |
4.66 |
|
Aug Gold |
U |
1240 |
1228 |
1262.10 |
1277.50 |
1286 |
1296 |
|
July Silver |
U |
18.70 |
19.18 |
19.52 |
19.95 |
19.93 |
20.20 |
|
July Copper |
U |
297 |
300 |
304.60 |
307.10 |
306 |
309 |
|
July Crude |
U |
100.60 |
103.70 |
105.32 |
106.55 |
108.76 |
110.75 |
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