Wednesday, May 2, 2012

ES Daily Plan 050212


ADP Employment missed with 119k on expectations of 170k. 

German April unemployment rose by +19,000 to 2.87 million persons, which showed a weaker labor market than expectations for a decline of -10,000. The German unemployment rate was unchanged at 6.8% after the upward revision in the March rate to 6.8% from 6.7%. The German April final manufacturing PMI was left unrevised from the preliminary report of 46.3. The French April final manufacturing PMI was revised lower to 46.9 from 47.3. Meanwhile, there were slightly weaker Eurozone economic figures as well. The March Eurozone unemployment rate ticked higher to a 15-year high of 10.9% from 10.8% in February. The final April Eurozone manufacturing PMI was revised slightly lower to 45.9 from 46.0 and was down from 47.7 in March.

Open Type

Open In Range (as of 5:22AM)

Trade Scenarios

RTH PP: 1401
Globex PP: 1400

Bull/Bear Line: 90 *but 1400 was key for bulls

- Longs: 91-89, 87, 83-80 with 95-96 & 1400+ targets

- Shorts: 95-96 & 1400-1403 with downside target's sub 90-89

Econ Calendar

May 2
00:15Currency: chfCHF Retail Sales (Real) (YoY) (MAR)Medium1.1%0.8%
00:30Currency: chfCHF SVME-Purchasing Managers Index (APR)Medium5151.1
Currency: eurEUR German Unemployment Change (APR)High-10K-18K
00:55Currency: eurEUR German April Unemployment DataMedium
00:55Currency: eurEUR German Purchasing Manager Index Manufacturing (APR F)Medium46.346.3
Currency: eurEUR German Unemployment Rate s.a. (APR)Medium6.70%6.7%
01:00Currency: eurEUR Euro-Zone Purchasing Manager Index Manufacturing (APR F)Medium4646
01:30Currency: gbpGBP Mortgage Approvals (MAR)Medium48.0K49.0K
01:30Currency: gbpGBP Net Consumer Credit (MAR)Medium0.3B0.4B
01:30Currency: gbpGBP Net Lending Sec. on Dwellings (MAR)Medium1.0B1.2B
01:30Currency: gbpGBP Purchasing Manager Index Construction (APR)Medium5456.7
02:00Currency: eurEUR Euro-Zone Unemployment Rate (MAR)Medium10.9%10.8%
05:15Currency: usdUSD ADP Employment Change (APR)Medium175K209K
07:00Currency: usdUSD Factory Orders (MAR)Medium-1.5%1.3%
15:45Currency: nzdNZD Employment Change (QoQ) (1Q)Medium0.5%0.1%
15:45Currency: nzdNZD Employment Change (YoY) (1Q)Medium0.9%1.6%
15:45Currency: nzdNZD Unemployment Rate (1Q)Medium6.2%6.3%
16:30Currency: audAUD AiG Performance of Service Index (APR)Medium47
18:00Currency: cnyCNY China Non-manufacturing PMI (APR)Medium58
ES (3 minute, Daily) 


Market Leaders (Daily)







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