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 April 5, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
Monthly unemployment report tomorrow or as we call it non farm payroll.
The report comes out at 7:30 AM central and is usually a market mover and increases volatility for the rest of the session.
| Source | Bureau of Labor Statistics (latest release) |
| Measures | Percentage of the total work force that is unemployed and actively seeking employment during the previous month; |
| Usual Effect | Actual < Forecast = Good for currency; |
| Frequency | Released monthly, usually on the first Friday after the month ends; |
| Next Release | May 3, 2013 |
| Why Traders Care |
Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions; |
| Also Called | Jobless Rate; |
