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The Yen remains under pressure.

6.28.13

Top Day Market News

 

Today is a fairly light eco release day with just Chicago Purchasing Manager’s Index at 9:45 and the final estimate of Michigan Consumer Sentiment at 9:55.

 

Overnight, the Nikkei was up by 3.5%. With the recent rallies in stocks, the market is in an overbought situation. In order window dressing is probably already occurred. The comments yesterday from Federal Reserve Gov. Dudley were dovish and supportive for bonds. Going into the opening the market is breaking lower as yields back up. The market will be sensitive to the University of Michigan consumer sentiment index. The yen remains under pressure. It looks like short EC, long yen positions are being unwound.

 

Enjoy the weekend.

 

 

Week of June 24 - June 28

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Jun 25

 

08:30

 

Durable Orders

 

May

 

3.6%

 

4.5%

 

3.0%

 

3.6%

 

3.5%

 

Jun 25

 

08:30

 

Durable Goods –ex transportation

 

May

 

0.7%

 

-0.6%

 

-0.5%

 

1.7%

 

1.5%

 

Jun 25

 

09:00

 

Case-Shiller 20-city Index

 

Apr

 

12.1%

 

10.5%

 

10.5%

 

10.9%

 

 

Jun 25

 

09:00

 

FHFA Housing Price Index

 

Apr

 

0.7%

 

NA

 

NA

 

1.5%

 

1.3%

 

Jun 25

 

10:00

 

Consumer Confidence

 

Jun

 

81.4

 

72.0

 

75.0

 

74.3

 

76.2

 

Jun 25

 

10:00

 

New Home Sales

 

May

 

476K

 

470K

 

460K

 

466K

 

454K

 

 

Jun 26

 

07:00

 

MBA Mortgage Index

 

06/22

 

-3.0%

 

NA

 

NA

 

-3.3%

 

 

Jun 26

 

08:30

 

GDP - Third Estimate

 

Q1

 

1.8%

 

2.4%

 

2.4%

 

2.4%

 

 

Jun 26

 

08:30

 

GDP Deflator - Third Estimate

 

Q1

 

1.2%

 

1.1%

 

1.1%

 

1.1%

 

 

Jun 26

 

10:30

 

Crude Inventories

 

06/22

 

0.018M

 

NA

 

NA

 

0.313M

 

 

Jun 27

 

08:30

 

Initial Claims

 

06/22

 

346K

 

345K

 

345K

 

355K

 

354K

 

Jun 27

 

08:30

 

Continuing Claims

 

06/15

 

2965K

 

2975K

 

2958K

 

2966K

 

2951K

 

Jun 27

 

08:30

 

Personal Income

 

May

 

0.5%

 

0.1%

 

0.2%

 

0.1%

 

0.0%

 

Jun 27

 

08:30

 

Personal Spending

 

May

 

0.3%

 

0.4%

 

0.4%

 

-0.3%

 

-0.2%

 

Jun 27

 

08:30

 

PCE Prices - Core

 

May

 

0.1%

 

0.2%

 

0.1%

 

0.0%

 

 

Jun 27

 

10:00

 

Pending Home Sales

 

May

 

6.7%

 

1.5%

 

1.5%

 

-0.5%

 

0.3%

 

Jun 27

 

10:30

 

Natural Gas Inventories

 

06/22

 

95 bcf

 

NA

 

NA

 

91 bcf

 

 

Jun 28

 

09:45

 

Chicago PMI

 

Jun

 

 

52.0

 

55.5

 

58.7

 

 

Jun 28

 

09:55

 

Michigan Sentiment - Final

 

Jun

 

 

81.0

 

82.7

 

82.7

 

 

MARKET PLACE

 

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 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

Sept ES

U

1294.25

1310.50

1596

1624

1350.0

0

1373.25

Sept Nasdaq

 

U

2503.00

2538.50

2881

2936

2618.2

5

2663.25

Sept Yen

 

D

122.42

123.43

100.84

102.32

126.25

128.06

Sept EC

 

D

123.88

124.80

130.16

130.74

127.11

128.50

Sept 10 Year

PRD(U)

132.04

132.18

126.06

127.06

133.22

134.1

 

Sept 30 Year

 

PRD(U)

146.02

147.02

134.27

136.24

149.22

151.10

Nov Soybeans

 

D

13.38

13.90

12.69

12.83

14.79

15.16

Sept Corn

 

D

4.86

5.18

5.69

5.75

5.77

6.03

Aug Gold

 

 

D

1512.9

1543

1180.40

1238.50

1618

1664

Sept Silver

 

D

25.00

25.94

18.28

19.72

28.44

30.01

Sept Copper

 

D

312

322

301

309

344

357

Aug Crude

 

U

72.87

76.51

95.79

98.66

84.84

89.53

 

 

 

 

 

 

 

 

 News