NBP: Governor's Presser To Begin Shortly

Nov-07 13:46

NBP Governor Adam Glapinski will begin his press conference at the top of the hour after the central bank left interest rates unchanged yesterday.

Historical bullets

EQUITY TECHS: E-MINI S&P: (Z4) Trend Needle Points North

Oct-08 13:44
  • RES 4: 5900.00 Round number resistance 
  • RES 3: 5871.77 2.0% Upper Bollinger Band 
  • RES 2: 5868.50 1.00 proj of the Apr 19 - Jul 16 - Aug 5 price swing
  • RES 1: 5830.00 High Sep 26         
  • PRICE: 5767.00 @ 14:35 BST Oct 8
  • SUP 1: 5736.55/5724.00 20-day EMA / Low Oct 2      
  • SUP 2: 5669.25 50-day EMA  
  • SUP 3: 5500.00 Round number support  
  • SUP 4: 5451.25 Low Sep 6 and a bear trigger

A bull cycle in S&P E-Minis remains intact and the latest shallow pullback still appears to be a correction. Moving average studies are in a bull-mode setup, highlighting a dominant uptrend and positive market sentiment. Scope is seen for a climb towards 5868.50, a Fibonacci projection, and 5900.00 further out. Initial support  to watch is 5736.55, the 20-day EMA. It has been pierced. Key support lies at 5669.25 the 50-day EMA.

CANADA DATA: Aug Trade Balance Widens To -CAD1.1B On Export Decline

Oct-08 13:43
  • Canada trade balance -CAD1.1B in August, the sixth deficit in a row.
  • Exports -1% MOM led by energy as crude oil prices dropped.
  • Imports +0.3% MOM in August after -1.4% in July. The increase was driven by autos.
  • Exports -0.5% YOY; imports +1.6%.
  • Surplus with US narrowed to +CAD8B in August from +CAD10.5B in July.
  • Ex-US deficit also narrowed to -CAD9.1B in August after -CAD10.8B in the prior month.
  • July trade deficit revised to -CAD0.3B from +CAD0.7B.

US TSY FUTURES: BLOCK: Dec'24 FV Buy

Oct-08 13:29
  • +5,000 FVZ4 108-16, buy through 108-15.75 post time offer at 0924:13ET, DV01 $216,000. Contract trades 108-15.5 last (-1)