Trading Levels and Economic Reports for April 4, 2013
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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 Thursday April 4, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
I mentioned yesterday :So far most selling in stock index futures are met with volume buying at lower levels. I wish I had an idea of how long this would last….but I don’t. What can change the dynamics are the few employment reports we have this week. Starting with tomorrow ADP report, Thursday weekly report and non-farm payroll ( the big report) this
It seems that this morning ADP report but actually more so ISM actually gave stock index a lower break for the first time in a while.
I am sharing with you daily chart of mini Russell for your review and possible support/ resistance levels.
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.
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 3:51pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuApr 4 | 3:15am | EUR | Spanish Services PMI | 44.3 | 44.7 | ||||
| 3:45am | EUR | Italian Services PMI | 43.4 | 43.6 | |||||
| 4:00am | EUR | Final Services PMI | 46.5 | 46.5 | |||||
| 5:00am | EUR | PPI m/m | 0.2% | 0.6% | |||||
| Tentative | EUR | French 10-y Bond Auction | 2.10|2.2 | ||||||
| Tentative | EUR | Spanish 10-y Bond Auction | 4.90|1.9 | ||||||
| 7:30am | USD | Challenger Job Cuts y/y | 7.0% | ||||||
| 7:45am | EUR | Minimum Bid Rate | 0.75% | 0.75% | |||||
| 8:30am | EUR | ECB Press Conference | |||||||
| USD | Unemployment Claims | 352K | 357K | ||||||
| 8:45am | USD | FOMC Member Evans Speaks | |||||||
| 10:30am | USD | Fed Chairman Bernanke Speaks | |||||||
| USD | Natural Gas Storage | -89B | -95B | ||||||
| 12:30pm | USD | FOMC Member George Speaks | |||||||
| 5:00pm | USD | FOMC Member Yellen Speaks |
- More
