07-25-2013
Top Day Market News
As advertised yesterday, a lower than expected reading for the Chinese Purchasing Managers Index crushed the Aussie and the crude. The oil market was also under duress as output surged to a 22 year high.
The market is looking for weekly unemployment claims to come in higher than expected and for durable goods orders to come in at a robust 0.6%, up from last month’s 3.7%.. This may be too optimistic.
For Europe, the highlight of the data release universe will be UK Gross Domestic Product. This came in better than expected but failed to positively influence the Pound. The Yen is higher on a lower Nikkei while US stock indices are lower on valuation concerns.
|
|
Week of July 22 - July 26 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jul 22 |
10:00 |
Existing Home Sales |
Jun |
|
5.25M |
5.28M |
5.18M |
|
|
|
Jul 23 |
09:00 |
FHFA Housing Price Index |
May |
|
NA |
NA |
0.7% |
|
|
|
Jul 24 |
07:00 |
MBA Mortgage Index |
07/20 |
|
NA |
NA |
NA |
|
|
|
Jul 24 |
10:00 |
New Home Sales |
Jun |
|
470K |
481K |
476K |
|
|
|
Jul 24 |
10:30 |
Crude Inventories |
07/20 |
|
NA |
NA |
-6.902M |
|
|
|
Jul 25 |
08:30 |
Initial Claims |
07/20 |
|
NA |
328K |
334K |
|
|
|
Jul 25 |
08:30 |
Continuing Claims |
07/13 |
|
NA |
2990K |
3114K |
|
|
|
Jul 25 |
08:30 |
Durable Orders |
Jun |
|
0.6% |
1.5% |
3.7% |
3.6% |
|
|
Jul 25 |
08:30 |
Durable Goods –ex transportation |
Jun |
|
0.3% |
0.4% |
0.5% |
0.7% |
|
Jul 25 |
10:30 |
Natural Gas Inventories |
07/20 |
|
NA |
NA |
58 bcf |
|
|
Jul 26 |
09:55 |
Jul |
|
84.2 |
84.2 |
83.9 |
|
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 |
PRD(D) |
1657 |
1673 |
1675 |
1693 |
1696 |
1706 |
|
Sept Nasdaq |
U |
2997 |
3021 |
3032 |
3060.50 |
3077 |
3110 |
|
Sept Yen |
U |
98.04 |
98.92 |
99.39 |
100.46 |
100.92 |
102.04 |
|
Sept EC |
U |
129.17 |
130.20 |
131.64 |
132.44 |
132.10 |
132.90 |
|
Sept 10 Year |
D |
125.07 |
126.05 |
125.18 |
126.30 |
127.21 |
128.07 |
|
Sept 30 Year |
D |
132.15 |
133.10 |
133.10 |
135.02 |
136.14 |
137.13 |
|
Nov Soybeans |
PRD(D) |
12.27 |
12.51 |
12.42 |
12.67 |
12.97 |
13.20 |
|
Sept Corn |
D |
5.24 |
5.34 |
4.96 |
5.19 |
5.51 |
5.59 |
|
Aug Gold |
U |
1257 |
1276 |
1305.3 |
1341.3 |
1307 |
1318.60 |
|
Sept Silver |
PRD(D) |
18.86 |
19.07 |
19.02 |
20.35 |
20.03 |
20.59 |
|
Sept Copper |
U |
305 |
310 |
315 |
322 |
319.00 |
324.00 |
|
Sept Crude |
U |
102.50 |
105.39 |
104.28 |
117.01 |
110.05 |
111.82 |
