daytrades oct 13 afternoon, page-2

Thanks highlandlad!

1pm - 'Economic news' courtesy reminder time Traders!

'Market Focus' in the US this evening

"Watch for Asian reaction to yesterday's bullish FOMC minutes." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (12.10.2010)

"With a stress on the "many" who want to take action, today's FOMC minutes are in line with market expectations. Though policy makers are still debating policy details, a second round of quantitative easing is more than ever the expected outcome of the November 3 FOMC meeting.

Intel beat estimates after the close as did railroad operator CSX, extending what early on is a strong earnings season. The Dow rose slightly to 11,020. Rates edged higher with the 2-year Treasury at 36 basis points and the 10-year at 2.42 percent. The dollar index slipped to 77.34 with gold at $1,350 and oil at $82.50." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

Ben Bernanke speaks [ Market moving indicator]
[Federal Reserve Chairman - Joins discussion on business innovation at Cleveland Fed event in Pittsburgh.]

Treasury Budget [ Merits extra attention]
[The U.S. Treasury releases a monthly account of the surplus or deficit of the federal government. Changes in the budget balance of the annual fiscal year (which begins in October) are followed as an indicator of budgetary trends and the thrust of fiscal policy.]

Jeffrey Lacker speaks
[Richmond Federal Reserve Bank President - Speech to business leaders, Chapel Hill, NC.]

MBA Purchase Applications
[The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.]

Import and Export Prices
[Import price indexes are compiled for the prices of goods that are bought in the United States but produced abroad and export price indexes are developed for the prices of goods sold abroad but produced domestically. These prices indicate inflationary trends in internationally traded products.]

4-Week Bill Auction; and 10-Yr Note Auction
[Treasury bills are sold at public auctions every week; and Treasury notes are sold at regularly scheduled public auctions.]
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... AND ...
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Of note in Australia tomorrow:-

Consumer Inflation Expectation (Oct)
[The Consumer Inflation Expectation released by the Melbourne Institute presents the consumer expectations of future inflation during the next 12 months. The higher expectations, the stronger the effect they will have on a probability of a rate hike by the RBA. Therefore, a high reading should be taken as positive, or bullish, for the AUD, while a low expectations are seen as negative or bearish.]

[Sources used: nasdaq.com & fxstreet.com]
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ASX Market Watch (widget snapshot)



Gold Spot Price atm (Kitco)

... and the DOW futures are currently Up 26 pts atm (Live)!