7.01.2014
Top Day Market News
Two big items overnight; UK manufacturing Purchasing Managers Index at 4:30 am and the 10 am release of the US Purchasing Manager’s Index along with Construction Spending.
Yesterday, Soybeans continued their worst performance in 5 years as a better picture of acreage emerged. The plantings are ahead of last year by 11%. Copper was supported by better than expected Chinese manufacturing. The yen was supported by a better than expected reading for the Tanken survey.
Remember that Thursday is basically a half-day session in front of the holiday Friday. We will get non-farm payrolls though on Thursday.
|
Week |
of June |
30 - July 04 |
|
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jun 30 |
09:45 |
Chicago PMI |
Jun |
|
60.0 |
61.0 |
65.5 |
|
|
Jun 30 |
10:00 |
Pending Home Sales |
May |
|
0.5% |
1.5% |
0.4% |
|
|
Jul 01 |
10:00 |
ISM Index |
Jun |
|
56.0 |
55.8 |
55.4 |
|
|
Jul 01 |
10:00 |
Construction Spending |
May |
|
0.3% |
0.4% |
0.2% |
|
|
Jul 01 |
14:00 |
Auto Sales |
Jun |
|
NA |
NA |
5.7M |
|
|
Jul 01 |
14:00 |
Truck Sales |
Jun |
|
NA |
NA |
7.7M |
|
|
Jul 02 |
07:00 |
MBA Mortgage Index |
06/28 |
|
NA |
NA |
-1.0% |
|
|
Jul 02 |
07:30 |
Challenger Job Cuts |
Jun |
|
NA |
NA |
45.5% |
|
|
Jul 02 |
08:15 |
ADP Employment Change |
Jun |
|
200K |
200K |
179K |
|
|
Jul 02 |
10:00 |
Factory Orders |
May |
|
-0.5% |
-0.4% |
0.7% |
|
|
Jul 02 |
10:30 |
Crude Inventories |
06/28 |
|
NA |
NA |
1.742M |
|
|
Jul 03 |
08:30 |
Nonfarm Payrolls |
Jun |
|
230K |
210K |
217K |
|
|
Jul 03 |
08:30 |
Nonfarm Private Payrolls |
Jun |
|
220K |
213K |
216K |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 03 |
08:30 |
Unemployment Rate |
Jun |
|
6.3% |
6.3% |
6.3% |
|
|
Jul 03 |
08:30 |
Hourly Earnings |
Jun |
|
0.2% |
0.2% |
0.2% |
|
|
Jul 03 |
08:30 |
Average Workweek |
Jun |
|
34.5 |
34.5 |
34.5 |
|
|
Jul 03 |
08:30 |
Initial Claims |
06/28 |
|
315K |
315K |
312K |
|
|
Jul 03 |
08:30 |
Continuing Claims |
06/21 |
|
2570K |
2580K |
2571K |
|
|
Jul 03 |
08:30 |
Trade Balance |
May |
|
-$44.5B |
-$45.2B |
-$47.2B |
|
|
Jul 03 |
10:00 |
ISM Services |
Jun |
|
56.5 |
56.5 |
56.3 |
|
|
Jul 03 |
10:30 |
Natural Gas Inventories |
06/28 |
|
NA |
NA |
110 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 |
1925 |
1939 |
1948 |
1961 |
1962 |
1973 |
|
Sept Nasdaq |
U |
3760 |
3791 |
3828 |
3861 |
3852 |
3873 |
|
Sept Yen |
U |
97.08 |
97.88 |
96.31 |
98.88 |
99.52 |
100.36 |
|
Sept EC |
D |
135.49 |
136.00 |
136.30 |
137.18 |
136.79 |
137.07 |
|
Sept 10 Year Note |
U |
126.25 |
124.14 |
125.00 |
125.09 |
125.16 |
125.29 |
|
Sept 30 Year Bond |
U |
134.16 |
135.19 |
136.26 |
137.12 |
137.23 |
138.19 |
|
Aug Soybeans |
U |
13.30 |
13.54 |
12.99 |
13.75 |
13.97 |
14.11 |
|
Sept Corn |
PRD(U) |
4.23 |
4.37 |
4.097 |
4.40 |
4.52 |
4.62 |
|
Aug Gold |
U |
1294.80 |
1305.4 |
131.10 |
133.12 |
1326.6 |
1337.20 |
|
Sept Silver |
U |
20.50 |
20.73 |
20.85 |
21.21 |
21.22 |
21.48 |
|
Sept Copper |
U |
307.00 |
311.60 |
317.40 |
322.20 |
320 |
323 |
|
Aug Crude |
U |
103.62 |
104.18 |
104.86 |
105.96 |
107.15 |
108.56 |
|
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