Recap of 5.19.11

Economic Data

http://www.dol.gov/opa/media/press/eta/ui/current.htm

	Prior	Prior Revised	Consensus	Consensus Range	Actual
New Claims - Level	434 K	438 K	425 K	410 K to 440 K	409 K
4-week Moving Average - Level	436.75 K	437.75 K			439.0 K

http://www.msnbc.msn.com/id/21134540/vp/43092522#43092522

	Prior	Prior Revised	Consensus	Consensus Range	Actual
Existing Home Sales - Level - SAAR	5.10 M	5.10 M	5.2 M	5.1 M to 5.4 M	5.05 M
Existing Home Sales - M/M Change	3.7 %				-0.8 %
Existing Home Sales - Yr/Yr Change	-6.3 %				-12.9 %

http://hotair.com/archives/2011/05/19/existing-home-sales-slip-0-8/

	Prior	Prior Revised	Consensus	Consensus Range	Actual
Leading Indicators - M/M change	0.4 %	0.7 %	0.0 %	-0.1 % to 0.4 %	-0.3 %

EIA Natural Gas Storage Data  

Total (05/13/11): 1,919 Bcf 

Total (05/06/11): 1,827 Bcf 

Change: 92 Bcf 

Year ago stocks: 2,154 Bcf

% diff to yr ago: -10.9 % 

5-year avg stocks: 1,955 Bcf

% dif to 5-yr avg: -1.8 % 

http://ir.eia.gov/ngs/ngs.html

Market Activity

Currencies+0.31%

MP +0.94% EC+0.61% AD+0.54% BP+0.46% CD+0.43%   JY+0.03% SF +0.03% USD-0.50%

http://www.bloomberg.com/news/2011-05-18/goldman-lowers-dollar-forecasts-versus-euro-on-weak-u-s-growth-prospects.html

Indices+0.19%

YM+0.35% NQ+0.29% EW+0.18% ES+0.15% RJ+0.07%  

http://online.wsj.com/article/BT-CO-20110519-714610.html

Financials unch

ZF+0.09% ZN+0.06% ZU+0.05% ED+0.01% ZB-0.05%

http://www.ft.com/intl/cms/s/0/39220a04-8214-11e0-a063-00144feabdc0.html#axzz1Mq3d12Ea

Grains unch

RR +0.84% RS+0.42% BO+0.28% SM+0.11% S unch C-0.20% W-0.61% O-0.82%

http://www.cmegroup.com/education/market-commentary/ag/2011/05/recap-corn_826.html

Softs-0.85%

LB+2.90% OJ+2.47% CC-0.53% KC-2.35% CT-2.63% SB-4.51%

Metals-0.88%

GC-0.16% SI-0.40% PL-0.61% PA-1.33% HG-1.45%

http://online.wsj.com/article/BT-CO-20110519-714682.html

http://video.ft.com/v/947537846001/Earthquake-and-euro-woes-hit-platinum           

Energies -1.08%

ZK +0.11% HO-0.27% RB -1.20% CL-1.55% NG-2.41%    

http://www.reuters.com/article/2011/05/19/us-markets-oil-idUSL3E7G601S20110519

http://www.marketwatch.com/story/big-hurricanes-forecast-for-later-this-year-2011-05-19

Recap for 5.17.11

Economic Data

ICSC-Goldman Store Sales

Released on 5/17/2011 7:45:00 AM For wk5/14, 2011 Prior Actual Store Sales - W/W change 0.0 % -2.0 % Store Sales - Y/Y 2.7 % 3.2 %

Housing Starts

Released on 5/17/2011 8:30:00 AM For Apr, 2011 Prior Prior Revised Consensus Consensus Range Actual Starts - Level - SAAR 0.549 M 0.585 M 0.570 M 0.549 M to 0.583 M 0.523 M Permits - Level - SAAR 0.594 M 0.574 M 0.551 M

http://www.briefing.com/GeneralContent/Investor/Active/ArticlePopup/ArticlePopup.aspx?SiteName=Investor&ArticleId=NS20110517094047HeadlineHits Redbook

Released on 5/17/2011 8:55:00 AM For wk5/14, 2011 Prior Actual Store Sales Y/Y change 4.7 % -2.3 %

Industrial Production                                                             Iindustrial production was unchanged in April after having increased 0.7 percent in March. Output in February is now estimated to have declined 0.3 percent; previously it was reported to have edged up 0.1 percent. In April, manufacturing production fell 0.4 percent after rising for nine consecutive months. Total motor vehicle assemblies dropped from an annual rate of 9.0 million units in March to 7.9 million units in April, mainly because of parts shortages that resulted from the earthquake in Japan. Excluding motor vehicles and parts, factory production rose 0.2 percent in April. The output of mines advanced 0.8 percent, while the output of utilities increased 1.7 percent. At 93.1 percent of its 2007 average, total industrial production was 5.0 percent above its year-earlier level. The rate of capacity utilization for total industry edged down 0.1 percentage point to 76.9 percent, a rate 3.5 percentage points below its average from 1972 to 2010. (Source: http://www.federalreserve.gov/releases/g17/current/)

Released on 5/17/2011 9:15:00 AM For Apr, 2011 Prior Prior Revised Consensus Consensus Range Actual Production - M/M change 0.8 % 0.7 % 0.4 % -0.4 % to 0.8 % 0.0 % Capacity Utilization Rate - Level 77.4 % 77.0 % 77.6 % 77.0 % to 77.9 % 76.9 %

Market Activity

Grains+1.90%

W+3.73% C+3.26% O+2.59% RR+2.02% SM+1.36% S+1.09% RS+0.95% BO+0.23%

http://www.cmegroup.com/education/market-commentary/ag/2011/05/recap-corn_822.html

Financials+0.26%

ZB+0.48% ZN+0.20% ZF+0.10% ED unch ZT unch

http://www.cmegroup.com/education/market-commentary/ir/2011/05/recap-ir-and-treasuries_879.html

Metals+0.19%

HG+1.00% P+0.78% PL+0.40% GC-0.44% SI-0.62%             

http://www.marketwatch.com/story/gold-futures-rebound-in-electronic-trading-2011-05-17?dist=afterbell

Currencies+0.04%

SF+0.35% EC+0.33% AD+0.30% BP+0.27% MP+0.15% CD+0.08% USD-0.21% JY-0.73%

http://www.bloomberg.com/news/2011-05-16/euro-holds-gains-as-european-union-approves-portugal-aid-pressures-greece.html

Softs-0.14%

CT+2.57% SB+1.19% KC+0.76% OJ-0.16% CC-0.90% LB-4.31%

Indices-0.19%

NQ+0.21% RJ+0.18% EW+0.16% ES+0.09% YM+0.08%        

http://view.ed4.net/v/R0W9G/SP0JXI/XH8GTT/HY7058/

Energies-0.47%

ZK+1.97% CL+0.12% RB+0.05% HO-0.33% NG-3.17%

http://www.vancouversun.com/news/Canadian+natural+prices+tumble+cooling+demand+wanes/4799045/story.html

http://www.reuters.com/article/2011/05/17/markets-energy-nymex-idUSN1718132320110517

Recap for 05.16.11

Economic Data

Empire State Mfg Survey

General Business Conditions Index – Level

Prev 21.7

Est 20.0

Range 15.0  to 22.5

Act 11.88

http://www.reuters.com/article/2011/05/16/us-usa-economy-idUSTRE7492P720110516

Treasury International Capital

Foreign Demand for Long-Term U.S. Securities

Prev $26.9 B

Act $24.0 B

http://preview.bloomberg.com/news/2011-05-16/global-demand-for-u-s-assets-fell-in-march.html

Market Activity

Softs+0.87%

CT+4.13%  SB+1.49%     LB+1.39% CC+0.13%      OJ-0.36% KC-1.97%

Dryness in Texas and flooding of the Mississippi give cotton a double whammy

Grains+0.64%

C+2.27% W+1.20% O+1.02% RR+0.86% RS+0.32% SM+0.09% S-0.23% BO-0.41%

http://usda.mannlib.cornell.edu/usda/current/WHS/WHS-05-13-2011.pdf

http://usda.mannlib.cornell.edu/usda/current/CropProg/CropProg-05-16-2011.pdf

Financials+0.26%

ZB+0.43% ZN+0.22%  ZF+0.18% ZT+0.02% ED unch

Currencies+0.10%

SF +1.00% EC+0.49% BP+0.20% JY+0.12% AD+0.09% MP-0.12% USD-0.34% CD-0.62%

http://preview.bloomberg.com/news/2011-05-16/euro-advances-versus-yen-before-finance-ministers-meet-on-greece-portugal.html

Metals-0.69%     

PA+0.84% HG-0.18% GC-0.23% PL-0.46% SI-4.08%        

 

Indices-0.95%    

YM-0.37% ES-0.64% EW-0.88% NQ-1.50% RJ-1.60%       

Energies-1.46%

NG+1.55% ZK+1.52% CL-2.63% HO-2.68% RB-4.88% 

http://preview.bloomberg.com/news/2011-05-15/crude-oil-declines-in-new-york-ahmadinejad-takes-over-iran-s-oil-ministry.html