11.04.2014
Top Day Market News
In the early morning, there was some modest short covering in the currencies against the dollar as equities were slightly lower on consolidation while crude oil continued to track lower.
Today we get factory orders. Not a big number. We continue to look at non-farm payroll at the end of the week as being the statement number to set the tone for the month. The dollar continued to strengthen while the S+P spun in place.
Yesterday, the Yen continued lower as the BOJ continues to expand monetary base. As for the US, the numbers were split: manufacturing activity was higher than expected while construction spending was lower. China continues to slow. Eurozone manufacturing activity is slightly higher than expected.
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Nov 05 |
10:30 |
Crude Inventories |
11/01 |
|
NA |
NA |
2.061M |
|
|
Nov 06 |
07:30 |
Challenger Job Cuts |
Oct |
|
NA |
NA |
-24.4% |
|
|
Nov 06 |
08:30 |
Initial Claims |
11/01 |
|
290K |
285K |
287K |
|
|
Nov 06 |
08:30 |
Continuing Claims |
10/25 |
|
2375K |
2380K |
2384K |
|
|
Nov 06 |
08:30 |
Productivity-Prel |
Q3 |
|
1.5% |
1.4% |
2.3% |
|
|
Nov 06 |
08:30 |
Unit Labor Costs |
Q3 |
|
1.0% |
0.9% |
-0.1% |
|
|
Nov 06 |
10:30 |
Natural Gas Inventories |
11/01 |
|
NA |
NA |
87 bcf |
|
|
Nov 07 |
08:30 |
Nonfarm Payrolls |
Oct |
|
275K |
235K |
248K |
|
|
Nov 07 |
08:30 |
Nonfarm Private Payrolls |
Oct |
|
250K |
228K |
236K |
|
|
Nov 07 |
08:30 |
Unemployment Rate |
Oct |
|
6.0% |
5.9% |
5.9% |
|
|
Nov 07 |
08:30 |
Hourly Earnings |
Oct |
|
0.2% |
0.2% |
0.0% |
|
|
Nov 07 |
08:30 |
Average Workweek |
Oct |
|
34.6 |
34.6 |
34.6 |
|
|
Nov 07 |
15:00 |
Consumer Credit |
Sep |
|
$12.0B |
$16.0B |
$13.5B |
|
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 |
U |
1917 |
1963 |
2000 |
2017 |
2018 |
2062 |
|
Dec Nasdaq |
U |
3951 |
4041 |
4125 |
4173 |
4200 |
4259 |
|
Dec Yen |
D |
86.27 |
88.30 |
86.83 |
88.07 |
91.69 |
94.35 |
|
Dec EC |
D |
123.10 |
124.18 |
124.52 |
125.56 |
127.04 |
128.22 |
|
Dec 10 Year Note |
D |
125.17 |
125.30 |
125.30 |
126.19 |
127.00 |
127.21 |
|
Dec 30 Year Bond |
D |
139.16 |
140.00 |
140.15 |
141.21 |
142.01 |
143.02 |
|
Jan Soybeans |
U |
9.41 |
9.95 |
10.13 |
10.42 |
10.81 |
11.13 |
|
Dec Corn |
U |
3.36 |
3.56 |
3.68 |
3.75 |
3.99 |
4.01 |
|
Dec Gold |
D |
1114.80 |
1144 |
1155 |
1175 |
1219 |
1264 |
|
Dec Silver |
D |
14.63 |
15.40 |
15.57 |
16.36 |
17.16 |
18.16 |
|
Dec Copper |
U |
297.60 |
301.40 |
303.50 |
310.00 |
310.20 |
315.10 |
|
Dec Crude |
D |
77.52 |
78.13 |
76.18 |
80.68 |
82.50 |
84.44 |
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