daytrades august 20 morning ...

Happy Mufti Day Traders (thanks for handover highlandlad),

DOW Snapshot from previous trading session

"Investors were hit with a triple whammy of bad economic news Thursday: manufacturing still stinks, more people are jobless and confidence in the future is less than hoped. Stocks were coming off two days of gains, driven by solid earnings outlooks from retail giants Wal-Mart, Home Depot and Target. But even during this week's earlier rallies, traders were saying they were remaining cautious given fears about a double-dip recession -- or at least, a slower recovery. Thursday's disappointing numbers on weekly jobless claims, manufacturing in the Philadelphia region and leading indicators just fanned the flames on those gloom-and-doom fears. "Today's news on the U.S. economy has been nothing but awful," Paul Ashworth, senior economist with Capital Economics said in a note to investors. A report that showed manufacturing activity in the Philadelphia region slowed to a 13-month low "suggests the industrial recovery is teetering on the brink," he said. " [Source: cnnmoney.com]

The DJIA Index finished the trading session: Down 144.33 pts; and
The SPI Futures are currently: Down 67 pts atm.

Of Note in the US this evening:

Please note there is no noteworthy 'Economic news' due to the reported in the US this evening;

... AND ...

Of note in Australia today:

Please note there is no noteworthy 'Economic news' due to the reported in Australia today either!

[Sources used: nasdaq.com & fxstreet.com]

Gold is trading Down $0.50 atm and is currently sitting at $1,231.90/oz [Source: Kitco];
Oil is currently trading Down $0.04 atm and is currently at $74.39/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.8893 cents [Source: Forex. Live].

Have a great day trading today all!

Cheers, Tweets (:

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