Thursday, June 23, 2011

Daily Market Analysis


DateTime & Date Options7:21amCurrencyImpact DetailActualForecastPrevious

21 Jun

10:00amUSD
Existing Home Sales
4.81M
4.82M
5.00M


23 Jun

8:30amUSD
Unemployment Claims
414K
414K


10:00amUSD
New Home Sales
311K
323K


10:30amUSD
Natural Gas Storage
91B
69B


Almanac (Fri) - short corn

Fed Chairman Bernanke's press conference, during which he announced that the Fed now believes 2011 GDP will range from 2.7% to 2.9%, down from the range of 3.1% to 3.3% that was announced in April. Additionally, unemployment for 2011 is now expected to range from 8.6% to 8.9%, up from the range of 8.4% to 8.7%. Core PCE inflation for 2011 is now expected to range from 1.5% to 1.8%, up from the range of 1.3% of 1.6% that had been forecasted before.

Earnings :

Potential 5DPEG :

Summary :
Market direction for 23 Jun (Wed) - down

  1. Probably the New home Sales data will be probably bad base on 21 Jun existing home sales
  2. Drop in GDP and increase in unemployment rates
  3. Candle stick pattern short dusk / bearish engulfing 






(Records : )

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