Top Day Market News
8-1-2012
Today we get the conclusion of the two day Federal Reserve Open Market Committee meeting. As there isn’t a press conference scheduled for Ben Bernanke after the meeting, the current belief is that the Fed will leave rates and policy unchanged and wait for the unemployment report before considering further quantitative easing. At least that’s the scenario of least resistance. Announcement at 2:15.
In the meantime, the ADP private jobs forecast comes in at
163K in July. ADP has not been highly predictive for the unemployment number on Friday. This number by itself, however, is enough to lower the headline unemployment rate.
Later, we get the Institute for Supply Management at 10 and construction spending and crude inventories at 10:30.
Bond market is exceptionally quiet ahead of all this.
|
Week of July 30 - August 03 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 31 |
08:30 |
Jun |
|
0.9% |
0.4% |
0.2% |
|
|
|
Jul 31 |
08:30 |
Jun |
|
0.1% |
0.1% |
0.0% |
|
|
|
Jul 31 |
08:30 |
Jun |
|
0.1% |
0.1% |
0.1% |
|
|
|
Jul 31 |
08:30 |
Q2 |
|
0.5% |
0.5% |
0.4% |
|
|
|
Jul 31 |
09:00 |
Case-Shiller 20-city Index |
May |
|
-1.8% |
-1.8% |
-1.9% |
|
|
Jul 31 |
09:45 |
Jul |
|
51.0 |
52.5 |
52.9 |
|
|
|
Jul 31 |
10:00 |
Jul |
|
61.0 |
61.0 |
62.0 |
|
|
|
Aug |
07:00 |
MBA Mortgage Index |
07/28 |
|
NA |
NA |
0.9% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
01 |
|
|
|
|
|
|
|
|
|
Aug 01 |
08:15 |
ADP Employment Change |
Jul |
|
125K |
125K |
179K |
|
|
Aug 01 |
10:00 |
|
Jul |
|
49.0 |
49.9 |
49.7 |
|
|
Aug 01 |
10:00 |
Jun |
|
0.7% |
0.5% |
0.9% |
|
|
|
Aug 01 |
10:30 |
Crude Inventories |
07/28 |
|
NA |
NA |
2.717M |
|
|
Aug 01 |
14:00 |
|
Jul |
|
NA |
NA |
4.9M |
|
|
Aug 01 |
14:00 |
|
Jul |
|
NA |
NA |
6.1M |
|
|
Aug 01 |
14:15 |
FOMC Rate Decision |
Jul |
|
0.25% |
0.25% |
0.25% |
|
|
Aug 02 |
07:30 |
Challenger Job Cuts |
Jul |
|
NA |
NA |
-9.5% |
|
|
Aug 02 |
08:30 |
|
07/28 |
|
385K |
365K |
353K |
|
|
Aug 02 |
08:30 |
|
07/21 |
|
3300K |
3298K |
3287K |
|
|
Aug 02 |
10:00 |
|
Jun |
|
1.0% |
0.6% |
0.7% |
|
|
Aug 03 |
08:30 |
|
Jul |
|
85K |
100K |
80K |
|
|
Aug 03 |
08:30 |
July |
|
100K |
105K |
84K |
|
|
|
Aug 03 |
08:30 |
|
Jul |
|
8.2% |
8.2% |
8.2% |
|
|
Aug 03 |
08:30 |
|
Jul |
|
0.1% |
0.2% |
0.3% |
|
|
Aug 03 |
08:30 |
|
Jul |
|
34.5 |
34.5 |
34.5 |
|
|
Aug 03 |
10:00 |
|
Jul |
|
52.0 |
52.2 |
52.1 |
|
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 |
1299.25 |
1341 |
1361.75 |
1383.50 |
1404.5 0 |
1426.50 |
|
Sept Nasda q |
PRD (D) |
2472.50 |
2557.25 |
2618.50 |
2649.00 |
2686.5 0 |
2730.50 |
|
Sept Yen |
U |
126.30 |
126.50 |
127.82 |
128.44 |
128.17 |
129.04 |
|
Sept EC |
U |
119.09 |
121.13 |
122.66 |
123.84 |
124.59 |
126.01 |
|
Sept 10 Year |
PRD (U) |
132.26 |
133.15 |
134.13 |
135.03 |
135.04 |
136.04 |
|
Sept 30 Year |
D |
146.25 |
148.13 |
15.016 |
15.205 |
12.16 |
154.31 |
|
Nov Soybeans |
U |
14.54 |
15.28 |
16.26 |
16.78 |
16.83 |
17.65 |
|
Sept Corn |
U |
7.48 |
7.73 |
7.994 |
8.32 |
8.23 |
8.48 |
|
DEC Gold |
PRD (D) |
1542.6 |
1584.9 |
1603.00 |
1626.00 |
1651.4 |
1675.6 |
|
Sept Silver |
U |
26.10 |
26.90 |
27.56 |
28.21 |
28.17 |
28.65 |
|
Sept Copper |
PRD(D) |
329 |
336 |
338 |
344 |
347 |
351 |
|
Sept Crude |
PRD(D) |
84.78 |
87.52 |
85.56 |
89.80 |
92.32 |
94.38 |
|
|
|
|
|
|
|
|
|
