11.11.2014
Top Day Market News
The currency market saw a reversal from Friday’s price action. The dollar was weaker on Friday in the wake of a tepid job creation number. Monday saw strength return to the currencies across the board as short term rates, as expected, backed up. The bid to cover ratio for 6 month paper at the auction was 3.83 to 1, the lowest since
10.15.13. Biggest loser on the day was the Canadian dollar as housing numbers there were softer than expected. Crude headed back towards 75 a barrel, losing about $1.50 on the session. Chinese consumer inflation is at a five year low while Russia has decided to stop throwing good money after bad in an attempt to defend the ruble from further declines.
Today is Veteran’s Day. Never forget. It’s a bank holiday but not a market holiday
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Nov 14 |
08:30 |
Retail Sales |
Oct |
|
0.6% |
0.3% |
-0.3% |
|
|
Nov 14 |
08:30 |
Retail Sales ex-auto |
Oct |
|
0.6% |
0.3% |
-0.2% |
|
|
Nov 14 |
08:30 |
Export Prices ex-ag. |
Oct |
|
NA |
NA |
-0.2% |
|
|
Nov 14 |
08:30 |
Import Prices ex-oil |
Oct |
|
NA |
NA |
-0.1% |
|
|
Nov 14 |
09:55 |
Mich Sentiment |
Nov |
|
87.5 |
87.5 |
86.9 |
|
|
Nov 14 |
10:00 |
Business Inventories |
Sep |
|
0.0% |
0.2% |
0.2% |
|
MARKET PLACE
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
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|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Dec ES |
U |
1979 |
2002 |
2025 |
2044 |
2041 |
2056 |
|
Dec Nasdaq |
U |
4090 |
4120 |
4150 |
4184 |
4180 |
4210 |
|
Dec Yen |
D |
85.21 |
86.25 |
86.50 |
87.57 |
88.60 |
89.91 |
|
Dec EC |
D |
122.47 |
123.51 |
123.61 |
124.84 |
125.71 |
126.87 |
|
Dec 10 Year Note |
D |
125.17 |
126.04 |
125.23 |
126.24 |
127.00 |
127.11 |
|
Dec 30 Year Bond |
D |
139.22 |
140.26 |
140.00 |
141.27 |
142.17 |
143.04 |
|
Jan Soybeans |
U |
9.74 |
10.05 |
9.99 |
10.48 |
10.57 |
10.75 |
|
Dec Corn |
U |
3.51 |
.3.55. |
3.63 |
3.77 |
3.75 |
3.83 |
|
Dec Gold |
D |
1114 |
1146 |
1130.50 |
1175 |
1195 |
1211.30 |
|
Dec Silver |
D |
14.51 |
15.11 |
15.27 |
15.87 |
16.34 |
16.82 |
|
Dec Copper |
U |
291.40 |
297 |
299 |
304 |
305 |
313 |
|
Dec Crude |
D |
73.27 |
75.88 |
75.40 |
79.12 |
80.99 |
83.55 |
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