Thursday, February 5, 2009

PreMarket Review 02/05/09

830 is acting as resistance as the market awaits the BOE Announcement at 0700 ET, which consensus is a -50 bp, and the ECB Announcement at 0745 ET, which has a 0 bp consensus. We also have Jobless Claims at 0830 ET and Factory Orders at 1000 ET. The US Employment Situation Report is at 0830 ET tomorrow morning.
24 Hr Globex Pivot: 835
Day Session Pivot: 834.75
Largest 10-Day Avg Distance From 0930 ET Open: 17.92
10-Day Standard Deviation of that Distance: 6.66

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