Thursday, December 30, 2010

Economic Highlights

 Weekly Jobs Report (Click to access report)

Initial Claims Prior=420k Est=416k Act=388k
Continuing Prior+ 4064k Est=4060k Act=4128K



 Initial claims came in better than expected. Some analyst feel that employers refrained  from laying off workers due to the holidays.








Chicago PMI
Chicago PMI Prior=62.5 Est=61.5 Act+68.6*
*Highest reading since 1988
 







Weekly Natural Gas Storage Report (Click to access report)







EIA Weekly Petroleum Report (Click to access report)

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Tuesday, December 28, 2010

Charts for 12.28.10



Record high in CRB Index
 

Record high NY Silver

Record high in NY Copper

Unexpected decline in Consumer Confidence



















Larger than expected decline in housing prices
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Economic Data for 12.27.10

Commodity COT as of 12.21.10  (click to access reports)
Financial Futures COT as of 12.21.10 (click to access reports)



Trading Comment:
Market activity was fairly subdued as many trading desks were operating with reduced staffing due to holidays and a major snowstorm in the northeast. The most important economic event was the 0.25% rate increase by the Chinese central bank.
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The contents of any third-party letters/reports above do not necessarily reflect the opinions or viewpoint of G. Scott Hinton. They are provided for informational/educational purposes only.All sites refered to or displayed on this blog are available to anyone free of charge. The content of any message or post by G. Scott Hinton anywhere on this site is not to be construed as constituting market or investment advice. Such is intended for educational purposes only. Individuals should always consult with their own advisors for specific investment advice. This information is not to be construed as an offer to sell or a solicitation or an offer to buy commodities herein named. The risk of trading futures and options can be substantial.