Trading Levels and Economic Reports for April 5, 2013
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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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
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|
|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;|
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All times are Eastern time Zone (EST)
|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||Average Hourly Earnings m/m||0.2%||0.2%|
|3:00pm||USD||Consumer Credit m/m||15.5B||16.2B|