6.16.11 Jobs, CFTC, BOJ & Wheat

Economic Data

BOJ May minutes: Nishimura saw no signs of worsening sentiment

Swiss National Bank : Interest rate 0.25% No Change

 Swiss National Bank Holds Rates at Historic Lows  

	Prior		Consensus		Actual
Italy CPI  Mover M	0.1 %		0.1 %		0.1 %
Year over Year	2.6 %		2.6 %		2.6 %
UK Retail Sales M over M	1.1 %			-1.4 %
Year over Year	2.8 %	2.4 %		0.2 %
EU HICP M over M	0.6 %	0 %		0 %
Year over Year	2.8 %	2.7 %		2.7 %

United States : 

	Prior	Prior Revised		Consensus	Consensus Range		Actual
Home Starts - Level - SAAR	0.523 M	0.541 M		0.547 M	0.530 M to 0.560 M		0.560 M
Permits - Level - SAAR	0.551 M	0.563 M					0.612 M
Jobless New Claims - Level	427 K	430 K		420 K	408 K to 425 K		414 K
4-week Moving Average - Level	424.0 K						424.75 K
Philly Fed Index	Prior 3.9	Est 9.0	Range 0.0  to 19.8			-7.7

US Dept of Labor Weekly Unemployment report

Philly FED Survey

 EIA Natural Gas Report

Storage Data

Total (06/10/11): 2,256 Bcf (06/03/11): 2,187 Bcf 

Change: 69 Bcf 

Year ago stocks: 2,531 Bcf  % diff to yr ago: -10.9 % 

5-year avg stocks: 2,332 Bcf % dif to 5-yr avg: -3.3 % 

Industry News

House Passes Bill to Cut CFTC Funding

Senate Votes to End Tax Break for Ethanol

Market Data

Financials+0.27%

T-Bond+0.60%T-Note +0.24% 5-Year +0.10% 2-Year -0.01%Eurodollar-0.04%

Treasuries Advance on Concern Greece Will Struggle to Contain Debt Turmoil

Currencies-0.05%

Franc+0.48% Yen +0.40% Euro FX +0.17% A$-0.01% USD-0.15%  c$-0.19% British -0.20% Peso -0.24%

 

FOREX-Euro calmer after wild ride; Greece aid eyed

Indices-0.21%

DJIA+0.55%  &P 500 +0.20%Russell +0.17%  Midcap+0.01% Nasdaq 100 -0.40%         

Metals-0.62%

Silver +0.25% Gold +0.25% Copper -0.01% Plat-0.91%      Pall-2.45%             

Softs-0.63%

Sugar +3.35%Lumber+2.17% OJ-1.28% Coffee-1.81%Cocoa-2.44%  Cotton -3.95%

Energies-0.78%

Gasoline +0.94%   H Oil+0.74%  WTI +0.11% Ethanol -1.93% N Gas -3.19%

US FERC approves Appalachian Gateway gas pipeline project       

Grains-2.18%

Canola -0.24% B OIL -1.28% BEANS-1.28% Rice-1.41%  Meal-1.75%Oats  -3.13%Corn-3.34%    Wheat -4.98%

Wheat Breaks Below 52 wk average

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 

03.14.11 Market Review

Economic Reports

The Monday’s economic calendar was very light.

The BOJ left rates at 0-0.1%. The BOJ also announced that it would increase its fund for buying financial assets.

EU Industrial Production: Month over Month	Prior -0.1 %	Revised0.3 %	Est 0.5 %	Actual 0.3 %
Year over Year	8.0 %	8.8 %		6.6 %

Price Moves

Energies +0.36%

H Oil +1.14% Ethanol +0.53% Nat Gas +0.51% WTI +0.49% Gasoline -0.93%

Grains +0.25%

Meal +1.57% Beans +0.41%  Wheat+0.28% Corn+0.26% B-Oil -0.93% Oats -1.85%

Currencies +0.18%

EC +0.77%  BP +0.69% SFranc +0.56% Yen +0.29%   C$ -0.10% A$ -0.42% $ Index -0.58%

Financials +0.18%

10-Year +0.29%       5-Year +0.25%  Bond +0.18% 2-Year +0.06%  Eurodollar +0.01%

Indices -0.57%

Mini Nasdaq +0.04% Mini DOW+0.03% Mini S&P+0.02% E-Mini Midcap -0.43%

Metals -0.70%

Copper +0.30% Gold +0.22% Silver -0.17%    Plat -1.41% Pall-2.42%

Softs -1.52%

OJ +0.60% KC-0.40% CC -0.67% LB-1.51% CT #2-3.42% SB #11 -3.71%

The markets were primarily focused on the situations in Japan and the Middle East.