Trading Levels and Economic Reports for April 5, 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 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; |
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 | 4:04pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| FriApr 5 | 5:00am | EUR | Retail Sales m/m | -0.3% | 1.2% | ||||
| EUR | Final GDP q/q | -0.6% | -0.6% | ||||||
| 6:00am | EUR | German Factory Orders m/m | 1.2% | -2.5% | |||||
| 8:30am | USD | Non-Farm Employment Change | 198K | 236K | |||||
| USD | Trade Balance | -44.8B | -44.4B | ||||||
| USD | Unemployment Rate | 7.7% | 7.7% | ||||||
| USD | Average Hourly Earnings m/m | 0.2% | 0.2% | ||||||
| 3:00pm | USD | Consumer Credit m/m | 15.5B | 16.2B |
