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Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

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9247 Broadway
Suite EE
Merrillville, IN 46410

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Gold is $10 higher on currency devaluation

Market News

9.12.12

Top Day Market News

This morning is overshadowed by the killing of the US Ambassador to Libya as the consulate was attacked in Benghazi. Overnight, German courts ruled that German participation in the European Stabilization Mechanism is basically legal. This resulted in a spike in prices around 4 am both in equities and debt futures. EC is 41 better on the session. Gold is $10 higher on currency devaluation. The two day Fed meeting begins today with the rate announcement and the possibility of stimulus in the form of QE3 being announced tomorrow.  Inflation in Iran is running rampant.

Week of September 10 - September 14

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Sep

10

 

15:00

 

Consumer Credit

 

Jul

 

 

$8.0B

 

$10.0B

 

$6.5B

 

Sep

11

 

08:30

 

Trade Balance

 

Jul

 

 

-$46.0B

 

-$44.0B

 

-$42.9B

 

Sep

12

 

07:00

 

MBA Mortgage Index

 

09/08

 

 

NA

 

NA

 

-2.5%

 

Sep

12

 

08:30

 

Export Prices ex-ag.

 

Aug

 

 

NA

 

NA

 

-1.4%

 

Sep

12

 

08:30

 

Import Prices ex-oil

 

Aug

 

 

NA

 

NA

 

-0.3%

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Sep

12

 

10:00

Wholesale

Inventories

 

Jul

 

 

0.0%

 

0.3%

 

-0.2%

 

Sep

12

 

10:30

 

Crude Inventories

 

09/08

 

 

NA

 

NA

 

-7.426M

 

Sep

13

 

08:30

 

Initial Claims

 

09/08

 

 

370K

 

369K

 

365K

 

Sep

13

 

08:30

 

Continuing Claims

 

09/01

 

 

3315K

 

3300K

 

3322K

 

Sep

13

 

08:30

 

PPI

 

Aug

 

 

1.2%

 

1.2%

 

0.3%

 

Sep

13

 

08:30

 

Core PPI

 

Aug

 

 

0.1%

 

0.2%

 

0.4%

 

Sep

13

 

12:30

 

FOMC Rate Decision

 

Sep

 

 

0.25%

 

0.25%

 

0.25%

 

Sep

13

 

14:00

 

Treasury Budget

 

Aug

 

 

NA

 

NA

-

$134.1B

 

Sep

14

 

08:30

 

Retail Sales

 

Aug

 

 

1.0%

 

0.7%

 

0.8%

 

Sep

14

 

08:30

 

Retail Sales ex-auto

 

Aug

 

 

0.1%

 

0.8%

 

0.8%

 

Sep

14

 

08:30

 

CPI

 

Aug

 

 

0.6%

 

0.6%

 

0.0%

 

Sep

14

 

08:30

 

Core CPI

 

Aug

 

 

0.1%

 

0.2%

 

0.1%

 

Sep

14

 

09:15

 

Industrial Production

 

Aug

 

 

-0.3%

 

-0.2%

 

0.6%

 

Sep

14

 

09:15

 

Capacity Utilization

 

Aug

 

 

78.9%

 

79.2%

 

79.3%

 

Sep

14

 

09:55

 

Mich Sentiment

 

Sep

 

 

73.0

 

73.3

 

74.3

 

Sep

14

 

10:00

 

Business Inventories

 

Jul

 

 

0.2%

 

0.4%

 

0.1

 

 

  

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

D

1379.50

1408.75

1422

1445

1453.2

5

1468.00

Sept Nasdaq

 

D

2707

2765

2771

2783.50

2858

2894

Sept Yen

 

U

125.85

126.79

127.98

129.44

128.46

129.16

Sept EC

 

U

123.90

125.94

127.88

129.44

129.11

130.24

DEC Sept 10 Year

 

D

131.14

132.07

132.13

133.02

133.26

134.19

Dec 30 Year

 

D

146.08

147.24

147.31

149.12

151.11

153.14

Nov Soybeans

 

D

16.86

17.11

16.90

17.21

17.75

18.13

Dec Corn

 

D

7.73

7.865

7.72

7.936

8.13

8.27

DEC Gold

 

U

1666.50

1701.6

1728.4

1746.9

1759.4

1781.3

Dec Silver

 

U

30.82

32.27

33.33

34.10

34.47

35.22

Dec Copper

 

U

335

349

365

372

371

379

Oct Crude

 

U

92.39

94.34

96.74

99.38

97.97

99.65

 

 

 

 

 

 

 

 

 

News