daytrades july 8 morning ...

Good Morning Traders, (thanks for the handover pj, you're doing an excellent job in hll's absence imo),

DOW Snapshot

"Stocks surged Wednesday, with the Dow jumping as much as 283 points, as investors came back after the recent bloodletting, spurred on by State Street's improved earnings forecast. A stronger euro helped propel commodity shares, cooling some worries about the European debt crisis. "A lot of the optimism today was fueled by State Street's pre-announcement," said Jack Ablin, chief investment officer at Harris Private Bank. "Although it's not a company that will be affected by the financial reform package, it's still a financial company and that's helping the sector.""[Source: cnnmoney.com]

The DJIA Index finished the trading session: Up 274.66 pts; and
The SPI Futures are currently: Up 85 pts atm.

Of Note in the US this evening:

BOE Announcement [Market moving indicator]

ECB Announcement [Market moving indicator]

Jobless Claims [Merits extra attention]

EIA Natural Gas Report [Merits extra attention]

EIA Petroleum Status Report [Merits extra attention]

... and ...

Of Note in Australia today:

Unemployment Rate (Jun) [High volatility expected]
[The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).]

Employment Change (Jun) [High volatility expected]
[The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

[Sources used: nasdaq.com and fxstreet.com]
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Gold is trading Down $0.70 atm and is currently sitting at $1,202.50/oz [Source: Kitco];
Oil is currently trading Up $2.06 atm and is currently at $73.51/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.8633 cents [Source: Forex. Live].

Have a great day trading today all!

Cheers, Tweets (:

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