Friday, March 4, 2011

Economic Data
#1) Employment Situation View Report Here
The unemployment rate has fallen in the last 3 reports
The “real” unemployment rate (U6) has been steady or lower for the last 5 months

___________________Prev____Revised____Est________Range___________Act___
Nonfarm Payrolls - M/M change
36,000 
63,000 
200,000 
120,000  to 275,000 
192,000 
Unemployment Rate - Level
9.0 %

9.1 %
8.9 % to 9.3 %
8.9 %
Average Hourly Earnings - M/M change
0.4 %

0.2 %
0.0 % to 0.2 %
0.0 %
Av Workweek - All Employees
34.2 hrs

34.3 hrs
34.3 hrs to 34.4 hrs
34.2 hrs
Private Payrolls - M/M change
50,000 
68,000 
190,000 
130,000  to 295,000 
222,000 

#2) Factory Orders
Factory Orders - M/M change
Prev 0.2 %
Rev 1.4 %
E 2.0 %
Range  1.0 % to 3.2 %
Act 3.1 %
 
Market Moves
Crude WTI +2.94% Heating Oil +1.31% Gasoline +0.75% Natural Gas +0.66% Ethanol Futures unch

The ongoing Libyan situation and fears that it might spread to other oil producing nations

Silver +3.82% Gold +1.19% Platinum +0.64% Copper +0.04% Palladium -0.36%

Gold posted a record high early in the week and silver is at the highest level since 1980, when it reached a record of over $50/ oz

T-Bond 0.70% 10-Year +0.64% 5-Year +0.53% 2-Year +0.18% Eurodollar unch
Interest rates sold off after the payroll number but rallied after higher energy prices pressed indices lower

SF +0.62% Euro +0.21% Yen +0.03% Can$-0.05% Pound -0.07% U.S.$-0.10% AD $ -0.20%
The Swiss Franc continues to be the best performing currency : 1 mnth=+3.1% 3 mnth +5.46% 1 yr +15.93%



Wheat +1.06% Rice +0.64% Beans +0.14% Oats -1.02% Corn -1.19%

Cotton +3.4% LB +2.05% Cof -0.7% OJ -0.9% Cocoa -2.04% Sug  -2.3%


VIX +2.17% Rus 2K -0.35% NASDAQ -0.5% MidCap -0.64% DJIA -0.69% S&P -0.71%

 


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