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 Wednesday January 16, 2013
Hello Traders,
For 2013 I would like to wish all of you discipline and patience in your trading!
Risk Management for Technical Traders [Interview Excerpt]
Tips from EWI Senior Analyst Jeffrey Kennedy’s Stocks and Commodities interview
By Elliott Wave International
“Being an analyst and trader involves two totally separate skill sets. As an analyst, you are a master of observation. You are focusing on what could happen. As a trader, your primary focus is on what is happening…” Read more.
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.
5. Economic Reports
source:http://www.forexfactory.com/calendar.php
All times are Eastern time Zone (EST)
| Date | 4:05pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| WedJan 16 | 4:00am | EUR | Italian Trade Balance | 1.91B | 2.45B | ||||
| 5:00am | EUR | CPI y/y | 2.2% | 2.2% | |||||
| EUR | Core CPI y/y | 1.5% | 1.4% | ||||||
| Tentative | EUR | German 10-y Bond Auction | 1.40|1.5 | ||||||
| 8:30am | USD | Core CPI m/m | 0.2% | 0.1% | |||||
| USD | CPI m/m | 0.0% | -0.3% | ||||||
| 9:00am | USD | TIC Long-Term Purchases | 19.8B | 1.3B | |||||
| 9:15am | USD | Capacity Utilization Rate | 78.6% | 78.4% | |||||
| USD | Industrial Production m/m | 0.2% | 1.1% | ||||||
| 10:00am | USD | NAHB Housing Market Index | 48 | 47 | |||||
| 10:30am | USD | Crude Oil Inventories | 2.0M | 1.3M | |||||
| 2:00pm | USD | Beige Book |
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