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Aussie and Loonies are Higher, Crude May Spike Up to 78

Top Day Rec

06.19.09

No eco news today. Overnight, equities are higher on carryover from the interpretation of the jobless data yesterday.

The commodity currencies (Loonie (CAD) and Aussie(AUD)) are better this morning with crude at 72.60.  (Long term target remains 78.40). British is better on the idea that the velocity of decline has slowed. Also, there is a better tone to British real estate. Yen is lower on better risk appetite. Crude is supported by the continuing problems in Nigeria and disruptions in production of its preferable sweet crude.

 

Jun 15

08:30

NY Empire Manufacturing Index

Jun

 

NA

-5.10

-4.55

 

Jun 15

09:00

Net Long-Term TIC Flows

Apr

 

NA

$52.9B

$55.8B

 

Jun 16

08:30

Housing Starts

May

 

NA

483K

458K

 

Jun 16

08:30

Building Permits

May

 

NA

500K

498K

 

Jun 16

08:30

PPI

May

 

NA

0.6%

0.3%

 

Jun 16

08:30

Core PPI

May

 

NA

0.1%

0.1%

 

Jun 16

09:15

Capacity Utilization

May

 

NA

68.4%

69.1%

 

Jun 16

09:15

Industrial Production

May

 

NA

-0.8%

-0.5%

 

Jun 17

08:30

Core CPI

May

 

NA

0.1%

0.3%

 

Jun 17

08:30

CPI

May

 

NA

-0.9%

-0.7%

 

Jun 17

08:30

Current Account Balance

Q1

 

NA

-$85.0B

-$132.8B

 

Jun 17

10:30

Crude Inventories

06/12

 

NA

NA

-4.38M

 

Jun 18

08:30

Initial Claims

06/13

 

NA

610K

601K

 

Jun 18

10:00

Leading Indicators

May

 

NA

0.9%

1.0%

 

Jun 18

10:00

Philadelphia Fed

Jun

 

NA

-17.0

-22.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current views, speculations and suggestions

(good till close of business today)

 

Sept Yen: pos with support at 102.75.

Sept Swiss: pos with support at 92.25

Sept EC: pos with support at 138.40.   

Sept Canadian: neg with res at 89.50

Sept BP:  pos with support at 163.30        

Sept ES: neg with res at 916.50 and 926.00   

Sept NQ: neg with res at 1471     

Sept Mini Dow: neg with res at 8550 and 8600  

Aug Gold: positive with support at 929.     

July Silver: positive with support at 14.11.

Aug crude: pos with support at 71.60      

Nov Soybeans: pos with support at 10.35

Sept Wheat: neg with res at 5.97

Sept Ten Year: pos with support at 113.15         

**************

International Markets

Sept Bund:  pos with support at 118.60       

Sept Dax: neg with res at 4882

NKD: neg with res at 9990

 

***********  

N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 Ĺ%. Repeat: use Stops.  Donít think about using Stops. Use Stops.    

 ********************************************

    

Futures trading entails considerable risk and is not for everyone. An account can lose more than its initial investment. Stops are not necessarily filled at the stop level. Past performance is not a guarantee of future results.

   

Charles Kespert

 

***********************     

 

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, AL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETIOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

 

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