Day Trading 3 Aug Pre Market

Morning all
Thanks AM crew

SPI: -35 points @ 5465

ASX XJO Yesterday: -47 @ 5540.
The RBA cut rates to a record low 1.5%. The market was sold down in response

Wall St was sold down across the board overnight, all Indexes coming in red.
Oil prices went below $40 barrel and the $US took a dive like an Italian soccer player to a 5 week low.
Weaker-than-expected auto sales spurred concerns about growth.
Shares of Ford and General Motors dropped more than 4 percent each after they reported July vehicle sales slightly below expectations.
The automakers' declines pulled the S&P consumer discretionary sector down 1.5 percent as the worst- performing of the 10 major S&P groups.
Data showed U.S. consumer spending rose more than expected in June as households bought a range of goods and services.
However, personal income rose only 0.2 percent, missing estimates of 0.3 percent, while inflation remained below the Federal Reserve's 2 percent target. That could keep the central bank on a cautious path to hiking interest rates.
"People are starting to see that things aren’t quite as rosy as they might have thought in the month of July with that big run up," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois. The S&P 500 climbed 3.6 percent in July, its best month since March. 1
FTSE: -.7%
DAX: -1.8%
S&P: -.7%
Nasdaq: -.9%

Oil: $39.72 - .55c

Iron Ore: -.5% @ $61.94
Copper: +.65%
Nickel: -.17%
Zinc: +.35%
Aluminium: -.75%



Gold prices ended the U.S. day session solidly higher and hit a three-week high Tuesday. Gold and the other precious metals prices have been supported recently by a slumping U.S. dollar index. The near-term technical postures for the precious metals markets are also fully bullish, which is inviting fresh chart-based buying interest. 2
Gold: $1362
GDX: +1.26%
AUD Gold: $1791

AUD: .7609

On Today:
Rio Tinto 1/2 year


Have a good day

Sources:
1 Reuters
2 *****