10.02.2014
Top Day Market News
The big event risk of the day will be the ECB rate meeting. The key will be the press conference held by Mario Draghi in the aftermath. Will there be the introduction of more aggressive quantitative easing? Many believe that the dollar is winning such favor lately is that it is the one central bank, the Fed, which can respond unilaterally to risk. That and the fact that interest rate differentials will favor the dollar through mid-2015. Crude oil attempted a relief rally yesterday but fell apart going into the close. The Yen will be sold into strength.
|
Week |
of |
September 29 - October 03 |
|
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Sep 29 |
08:30 |
Personal Income |
Aug |
|
0.4% |
0.3% |
0.2% |
|
|
Sep 29 |
08:30 |
Personal Spending |
Aug |
|
0.5% |
0.4% |
-0.1% |
|
|
Sep 29 |
08:30 |
PCE Prices - Core |
Aug |
|
0.0% |
0.0% |
0.1% |
|
|
Sep 29 |
10:00 |
Pending Home Sales |
Aug |
|
-2.0% |
-0.2% |
3.3% |
|
|
Sep 30 |
09:00 |
Case-Shiller 20-city Index |
Jul |
|
7.0% |
7.4% |
8.1% |
|
|
Sep 30 |
09:45 |
Chicago PMI |
Sep |
|
59.0 |
61.5 |
64.3 |
|
|
Sep 30 |
10:00 |
Consumer Confidence |
Sep |
|
93.0 |
92.0 |
92.4 |
|
|
Oct 01 |
07:00 |
MBA Mortgage Index |
09/27 |
|
NA |
NA |
-4.1% |
|
|
Oct 01 |
08:15 |
ADP Employment Change |
Sep |
|
225K |
202K |
204K |
|
|
Oct 01 |
10:00 |
ISM Index |
Sep |
|
60.0 |
58.5 |
59.0 |
|
|
Oct 01 |
10:00 |
Construction Spending |
Aug |
|
0.5% |
0.4% |
1.8% |
|
|
Oct 01 |
10:30 |
Crude Inventories |
09/27 |
|
NA |
NA |
- 4.273M |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Oct 01 |
14:00 |
Auto Sales |
Sep |
|
NA |
NA |
6.2M |
|
|
Oct 01 |
14:00 |
Truck Sales |
Sep |
|
NA |
NA |
7.9M |
|
|
Oct 02 |
07:30 |
Challenger Job Cuts |
Sep |
|
NA |
NA |
-20.7% |
|
|
Oct 02 |
08:30 |
Initial Claims |
09/27 |
|
300K |
297K |
293K |
|
|
Oct 02 |
08:30 |
Continuing Claims |
09/20 |
|
2450K |
2458K |
2439K |
|
|
Oct 02 |
10:00 |
Factory Orders |
Aug |
|
-9.5% |
-9.3% |
10.5% |
|
|
Oct 02 |
10:30 |
Natural Gas Inventories |
09/27 |
|
NA |
NA |
97 bcf |
|
|
Oct 03 |
08:30 |
Nonfarm Payrolls |
Sep |
|
245K |
210K |
142K |
|
|
Oct 03 |
08:30 |
Nonfarm Private Payrolls |
Sep |
|
230K |
205K |
134K |
|
|
Oct 03 |
08:30 |
Unemployment Rate |
Sep |
|
6.1% |
6.1% |
6.1% |
|
|
Oct 03 |
08:30 |
Hourly Earnings |
Sep |
|
0.2% |
0.2% |
0.2% |
|
|
Oct 03 |
08:30 |
Average Workweek |
Sep |
|
34.5 |
34.5 |
34.5 |
|
|
Oct 03 |
08:30 |
Trade Balance |
Aug |
|
-$43.0B |
-$40.9B |
-$40.5B |
|
|
Oct 03 |
10:00 |
ISM Services |
Sep |
|
59.0 |
58.9 |
59.6 |
|
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 |
|
Dec ES |
D |
1951 |
1952 |
1928 |
1960 |
1999 |
2024 |
|
Dec Nasdaq |
D |
3950 |
3997 |
3950 |
4030 |
4091 |
4138 |
|
Dec Yen |
D |
90.61 |
91.08 |
91.04 |
92.49 |
92.23 |
92.91 |
|
Dec EC |
D |
125.34 |
126.11 |
125.87 |
126.73 |
128.36 |
129.84 |
|
Dec 10 Year Note |
U |
123.19 |
124.01 |
124.269 |
126.08 |
124.30 |
125.12 |
|
Dec 30 Year Bond |
U |
135.30 |
136.26 |
138.10 |
140.14 |
138.13 |
139.04 |
|
Nov Soybeans |
D |
8.79 |
8.98 |
9.07 |
9.20 |
9.40 |
9.69 |
|
Dec Corn |
D |
3.17 |
3.20 |
3.18 |
3.23 |
3.28 |
3.34 |
|
Dec Gold |
D |
1191 |
1205 |
1207 |
1222 |
1235 |
1251 |
|
Dec Silver |
U |
16.91 |
17.29 |
16.93 |
17.50 |
18.00 |
18.35 |
|
Dec Copper |
D |
298 |
301 |
300.50 |
305.60 |
307 |
311.50 |
|
Nov Crude |
D |
89.10 |
91.20 |
88.88 |
92.28 |
94.60 |
95.90 |
|
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|
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