daytrades august 25 morning ...

Good Morning Traders (thanks for handover highlandlad),

DOW Snapshot from previous trading session

"U.S. stocks closed sharply lower Tuesday after a report showing showing a worse-than-expected plunge in existing home sales reignited fears about an economic slowdown. "Economic reports have been close to disastrous," said Joseph Saluzzi, co-head of equity trading at Themis Trading. "People are very concerned about the economy and everyone is talking about a double-dip [recession] at this point." Disappointing economic news has sent investors flocking to the perceived safety of Treasurys and the Japanese yen, which hit a 15-year high against the dollar early Tuesday." [Source: cnnmoney.com]

The DJIA Index finished the trading session: Down 133.96 pts; and
The SPI Futures are currently: Down 57 pts atm.

Of Note in the US this evening:

Durable Goods Orders [Market moving indicator]

New Home Sales [Merits extra attention]

EIA Petroleum Status Report [Merits extra attention]

... AND ...

Of note in Australia today:

Conference Board Australia Leading Index (Jun) [Moderate volatility expected]
[The Conference Board Australia leading Index released by the Conference Board measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It forecasts short to mid-term growth in the Australian economy. Generally, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

Construction Work Done (Q2)
[The Construction Work Done released by the Australian Bureau of Statistics measures the number of construction work done in the last month. It is a key indicator of the Australian construction sector. 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 & fxstreet.com]

Gold is trading Up $0.70 atm and is currently sitting at $1,229.70/oz [Source: Kitco];
Oil is currently trading Down $0.13 atm and is currently at $71.50/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.8828 cents [Source: Forex. Live].

Have a great day trading today all!

Cheers, Tweets (:

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