8.06.2014
Top Day Recommendations
The European Central Bank is expected to hold interest rates steady. US treasuries have found buyers by comparison to European debt paper. The dollar remains strong as the consensus is moving towards the belief that Russia will eventually militarily intervene in the Ukraine. The Canadian dollar weakens as crude weakens. Rains in the Midwest US takes any potential stress off the soybean crop.
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Week o |
f Augus |
t 04 - August 08 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 05 |
10:00 |
Factory Orders |
Jun |
|
0.4% |
0.5% |
-0.5% |
|
|
Aug 05 |
10:00 |
ISM Services |
Jul |
|
56.5 |
56.5 |
56.0 |
|
|
Aug 06 |
07:00 |
MBA Mortgage Index |
08/02 |
|
NA |
NA |
-2.2% |
|
|
Aug 06 |
08:30 |
Trade Balance |
Jun |
|
-$45.1B |
-$45.2B |
-$44.4B |
|
|
Aug 06 |
10:30 |
Crude Inventories |
08/02 |
|
NA |
NA |
- 3.697M |
|
|
Aug 07 |
08:30 |
Initial Claims |
08/02 |
|
310K |
308K |
302K |
|
|
Aug 07 |
08:30 |
Continuing Claims |
07/26 |
|
2525K |
2525K |
2539K |
|
|
Aug 07 |
10:30 |
Natural Gas Inventories |
08/02 |
|
NA |
NA |
88 bcf |
|
|
Aug 07 |
15:00 |
Consumer Credit |
Jun |
|
$15.0B |
$15.8B |
$19.6B |
|
|
Aug 08 |
08:30 |
Productivity-Prel |
Q2 |
|
2.0% |
1.4% |
-3.2% |
|
|
Aug 08 |
08:30 |
Unit Labor Costs |
Q2 |
|
2.0% |
2.0% |
5.7% |
|
|
Aug 08 |
10:00 |
Wholesale Inventories |
Jun |
|
0.3% |
0.4% |
0.5% |
|
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 |
1866 |
1891 |
1902.50 |
1928.00 |
1960 |
2004 |
|
Sept Nasdaq |
U |
3764 |
3817 |
3848 |
3897 |
3952 |
4035 |
|
Sept Yen |
U |
96.30 |
96.88 |
97.25 |
97.70 |
98.18 |
98.90 |
|
Sept EC |
D |
133.38 |
133.86 |
133.20 |
134.14 |
134.64 |
134.85 |
|
Sept 10 Year Note |
D |
123.25 |
124.18 |
125.04 |
125.19 |
125.24 |
126.06 |
|
Sept 30 Year Bond |
U |
135.08 |
136.22 |
137.25 |
138.23 |
139.11 |
140.18 |
|
Nov Soybeans |
D |
10.16 |
10.37 |
10.57 |
10.74 |
10.98 |
11.37 |
|
Sept Corn |
D |
3.40 |
3.462 |
3.53 |
3.58 |
3.64 |
3.754 |
|
Dec Gold |
D |
1263.30 |
1279.2 |
1280.7 |
1299 |
1312 |
1330 |
|
Sept Silver |
D |
19.57 |
20.10 |
19.63 |
20.16 |
20.70 |
21.67 |
|
Sept Copper |
D |
317 |
319 |
316 |
323 |
325 |
328 |
|
Sept Crude |
D |
93.92 |
95.77 |
96.83 |
98.50 |
100.75 |
103.94 |
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