Showing posts with label charts. Show all posts
Showing posts with label charts. Show all posts

Thursday, May 26, 2011

Futures Market Recap for 05.26.11

Economic Data


Real GDP - Q/Q change - SAAR
Prior 1.8 %
Est 2.1 %
Range 1.9 % to 2.6 %
Actual  1.8 %
GDP price index - Q/Q change - SAAR
1.9 %
1.9 %
1.9 % to 2.0 %
1.9 %


New Claims - Level
Prior 409 K
Rev 414 K
Est  404 K
Range 395 K to 420 K
Act 424 K
4-week Moving Average - Level
439.0 K
440.25 K


438.5 K


After-tax Profits - Y/Y change
Pror 11.4 %
Act 5.8 %

EIA Natural Gas Storage Data
Total (05/20/11): 2,024 Bcf (05/13/11): 1,919 Bcf Change: 105 Bcf 
Year ago stocks: 2,254 Bcf % diff to yr ago: -10.2 % 
5-year avg stocks: 2,050 Bcf % dif to 5-yr avg: -1.3 % 


Summary
Working gas in storage was 2,024 Bcf as of Friday, May 20, 2011, according to EIA estimates. This represents a net increase of 105 Bcf from the previous week. Stocks were 230 Bcf less than last year at this time and 26 Bcf below the 5-year average of 2,050 Bcf. In the East Region, stocks were 110 Bcf below the 5-year average following net injections of 56 Bcf. Stocks in the Producing Region were 133 Bcf above the 5-year average of 769 Bcf after a net injection of 38 Bcf. Stocks in the West Region were 49 Bcf below the 5-year average after a net addition of 11 Bcf. At 2,024 Bcf, total working gas is within the 5-year historical range.

Kansas City Fed Manufacturing Index
Prior 16 
Actual  
Market Activity
Grains+1.09%
Oats
+2.44%
Wheat
+2.26%
Canola
+1.47%
Soybean Oil
+1.28%
Soybean Meal
+0.56%
Soybeans
+0.56%
Corn
+0.44%

Global Food Production May Be Hurt as Climate Shifts, UN Forecaster Says


Indices+0.92%
Russell 2000 Mini
+1.67%
E-Mini Nasdaq 100
+0.06%
DJIA Mini-Sized
unch
E-Mini S&P 500
unch


Softs+0.45%
Lumber
+4.32%
Cocoa
+1.62%
Coffee
+0.53%
Sugar #11
+0.22%
Orange Juice
-0.78%
Cotton #2
-3.20%



Financials+0.42%

T-Bond
+0.72%

10-Year T-Note
+0.52%

5-Year T-Note
+0.33%

2-Year T-Note
+0.09%

Eurodollar
+0.01%

 Treasuries Rally on European Debt Turmoil, Slower U.S. Growth, Auction Bid

Currencies+0.42%
Australian Dollar
+1.13%
Japanese Yen
+0.84%
Swiss Franc
+0.76%
British Pound
+0.69%
Euro FX
+0.43%
Canadian Dollar
-0.14%
U.S. Dollar Index
-0.50%


Metals-0.10%
Palladium
+0.82%
High Grade Copper
+0.39%
Gold
-0.44%
Platinum
-0.45%
Silve


Energies-0.14%
Gasoline RBOB
+1.20%
Ethanol Futures
+0.38%
Heating Oil
-0.03%
Crude Oil WTI
-1.08%
Natural Gas
-1.09%


Price Charts of Note
AUD holds above 50d MA

Lumber Limit-up For 2nd Day


Weekly Lumber
Nat Gas finds Resistance at the 50d MA


Tuesday, May 24, 2011

Market Recap for 5.24.11

Economic Data

New Home Sales - Level - SAAR
Prev 300 K
Rev 301 K
Est 300 K
Range 285 K to 320 K
Act 323 K


Richmond Fed Manufacturing Index: level change
Prev 10 
Act -6 

 

Overview

Service sector activity slowed in May, according to the latest survey by the Federal Reserve Bank of Richmond. Retail sales dwindled as shopper traffic dropped sharply; big ticket sales remained in decline. Revenues also weakened at non-retail services firms. Looking ahead six months, retail merchants pulled back from their optimism of a month ago. Non-retail services providers maintained a positive outlook, but were less upbeat than in April.
In service sector labor markets, retailers made few changes, while hiring rose solidly at non-retail firms, albeit more slowly than a month earlier. Average wages were nearly unchanged at retail establishments, but spiked at services firms.
Price change in the sector was contained; retail price growth remained at last month's pace, while services firms' prices advanced a bit more slowly in May. Services providers' expectations for price change in the months ahead moderated from their outlook of a month ago, while merchants anticipated an uptick from their previous estimates (Source:http://www.richmondfed.org/research/regional_economy/surveys_of_business_conditions/service_sector/2011/svc_05_24_2011.cfm#tabview=tab0)


Market Activity

Metals+1.37%
SI+4.84% PA+1.18% HG+0.94% GC+0.69% PL+0.48%

Reuters: Gold hits 3 week high on Euro debt Worries           

Softs+1.04%
LB+2.25% SB+1.86% OJ+1.05% CC+0.66% CT-0.01% KC-0.51%

Energies+0.86%
HO+2.26% CL+2.01% RB+2.00% NG-0.37% ZK-1.36%

Goldman raise oil price outlook


CFTC Says Crude oil Manipulated in '08

Currencies+0.23%
MP+0.47% BP+0.46% AD+0.43% SF+0.41%  EC+0.41% CD unch   JY -0.02% USD-0.32%

 

Financials+0.06%
ZB+0.17% ZN+0.08% ZF+0.03% ZT+0.02% ED+0.01%

Indices+0.02% CRB  +0.47% VIX -1.35%
ES+0.21% YM+0.13% JK+0.12% EW-0.03% NQ-0.26%    

Cash S&P index remains just below the 50d moving average.


Grains-0.57%
RS+0.54% BO+0.45% RR+0.33% SM+0.11% S-0.11% O-0.28% C-2.75% W-2.90%

WN11 Moves below the 50d moving Average



Disclaimer

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.