04.07.11 Market Wrap

Economic Data

BOJ Rate Announcement

Change	Prior 0 bp	Est 0 bp	Actual 0 bp
Level	0-0.1 %	0.1 %	0.1 %

BOE  Rate Announcement

change	Prior 0 bp	Est 0 bp	Actual 0 bp
Level	0.5 %	0.5 %	0.5 %

ECB Rate Announcement

Change	Prior 0 bp	Est +25 bp	Act +25 bp
Level	1.0 %	1.25 %	1.25 %

US Weekly Claims  

Read Entire Weekly Jobs Report Here

New Claims - Level Prior 388 K  Revised 392 K Est 385 K Range 380 K to 390 K

Act 382 K

 4-week Moving Average - Level Prior 394.25 K Est 395.25 K Act 389.50 K

Natural Gas Storage Report    Link to EIA website

EIA Natural Gas Storage Data

Total (04/01/11): 1,579 Bcf 

Total (03/25/11): 1,624 Bcf 

Change: -45 Bcf 

Year ago stocks: 1,665 Bcf

% diff to yr ago: -5.2 % 

5-year avg stocks: 1,569 Bcf

% dif to 5-yr avg: 0.6 % 

Summary
Working gas in storage was 1,579 Bcf as of Friday, April 1, 2011, according to EIA estimates. This represents a net decline of 45 Bcf from the previous week. Stocks were 86 Bcf less than last year at this time and 10 Bcf above the 5-year average of 1,569 Bcf. In the East Region, stocks were 87 Bcf below the 5-year average following net withdrawals of 52 Bcf. Stocks in the Producing Region were 119 Bcf above the 5-year average of 623 Bcf after a net injection of 2 Bcf. Stocks in the West Region were 23 Bcf below the 5-year average after a net addition of 5 Bcf. At 1,579 Bcf, total working gas is within the 5-year historical range.

Consumer Credit

Consumer Credit - M/M change

Prev $5.0 B

Revised $4.4 B

Est $5.0 B

Range $-2.0 B to $5.5 B

Act $7.6 B

Price Action

Currencies +0.15%

JY +0.56% SF +0.37%AD +0.21% MP +0.12% USD +0.06% CD +0.02% BP -0.07% EC -0.22%

Metals +0.13%

HG +1.10% SI+0.78% GC +0.25% PL-0.43% PA -0.98%

Platts Story on Rebound of Chinese Copper Demand

Financials -0.05%

FV+0.18% TU+0.10% TY +0.09% ED +0.02% US -0.24%

Indices -0.13%

CRB +0.59% VIX+0.50%  NQ +0.15% ES unch YM -0.06% EW -0.39% RJ -0.46%

Softs -0.19%

KC +2.89% OJ +0.64% CT +0.08% CC -0.40% SB 0.79% LB -3.54%
Bloomberg Report On Coffee

Energies -0.24%

CL +1.23%    HO +0.37% RB -0.44%  NG -2.17%

 Marketwatch Energy Review

Grains -1.69%

C -0.52% BO -0.78% RS -0.89% S -0.94% W -1.15% SM -1.32%    RR -3.23% O -4.72%

Technical selling pushed Oats lower by almost 5%. The May contract closed limit down as traders liquidated longs after the market failed to take out the  previous month's high