6.19.2014
Top Day Market News
Today the market digests the FOMC meeting. The Fed keeps moving the goal posts. First it was 6% in unemployment to trigger the first hike in short term rates, then it was 2% in inflation now it’s neither. The FED is now in a wait and see approach and is giving very little in the way of future guidance instead relying on data. The market senses this and rallies. With this delay in normalization of rates to the day after forever, the dollar swoons.
|
Week of |
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 |
|
|
Jun 18 |
14:00 |
FOMC Rate Decision |
Jun |
|
NA |
NA |
0.25% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
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 |
1935 |
1956 |
1944 |
1960 |
|
Sept Nasdaq |
U |
3716 |
3743 |
3767 |
3812 |
3798 |
3826 |
|
Sept Yen |
U |
96.95 |
97.49 |
92.65 |
98.51 |
98.49 |
98.95 |
|
Sept EC |
D |
134.14 |
134.74 |
135.36 |
136.14 |
136.31 |
137.28 |
|
Sept 10 Year Note |
D |
123.12 |
123.27 |
123.25 |
124.28 |
124.22 |
125.02 |
|
Sept 30 Year Bond |
U |
133.28 |
134.27 |
135.06 |
136.27 |
136.14 |
137.04 |
|
July Soybeans |
D |
13.71 |
13.98 |
13.43 |
13.68 |
14.64 |
15.02 |
|
July Corn |
D |
4.295 |
4.38 |
4.334 |
4.40 |
4.565 |
4.66 |
|
Aug Gold |
U |
1240 |
1228 |
1266.40 |
1295.50 |
1286 |
1296 |
|
July Silver |
U |
18.70 |
19.18 |
19.65 |
20.04 |
19.93 |
20.20 |
|
July Copper |
U |
297 |
300 |
309.60 |
306.50 |
306 |
309 |