Economic Reports and Trading Levels for February 1, 2013

 

Jump to a section in this post:

1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Friday February 1, 2013

 

Hello Traders,

For 2013 I would like to wish all of you discipline and patience in your trading!

NFP (Non Farm Payroll) also known as monthly unemployment figures tomorrow morning 8:30 AM Eastern time. This is another market moving report and even though the last one was a non event, traders need to be ready in case volatility picks up.

Remember, NO TRADE IS BETTER THAN  A BAD TRADE

 

 

 

GOOD TRADING!

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

 

trading levels

 

5. Economic Reports

source:http://www.forexfactory.com/calendar.php

All times are Eastern time Zone (EST)

Date 4:08pm Currency Impact Detail Actual Forecast Previous Graph
FriFeb 1  3:15am EUR Spanish Manufacturing PMI 45.5 44.6
3:45am EUR Italian Manufacturing PMI 47.6 46.7
4:00am EUR Final Manufacturing PMI 47.5 47.5
EUR Italian Monthly Unemployment Rate 11.3% 11.1%
5:00am EUR CPI Flash Estimate y/y 2.2% 2.2%
EUR Unemployment Rate 11.9% 11.8%
8:30am USD Non-Farm Employment Change 161K 155K
USD Unemployment Rate 7.8% 7.8%
USD Average Hourly Earnings m/m 0.2% 0.3%
USD FOMC Member Dudley Speaks
9:00am USD Final Manufacturing PMI 56.1 56.1
9:55am USD Revised UoM Consumer Sentiment 71.4 71.3
USD Revised UoM Inflation Expectations 3.3%
10:00am USD ISM Manufacturing PMI 50.8 50.7
USD Construction Spending m/m 0.6% -0.3%
USD ISM Manufacturing Prices 56.3 55.5
All Day USD Total Vehicle Sales 15.2M 15.4M

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading

Tags: > > > Posted in: Future Trading News  

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