daytrades october 25 morning ...

Good morning Traders,

DOW Snapshot from previous trading session

"Stocks ended mixed Friday, but slightly higher for the week, as investors balanced strong U.S. corporate earnings against currency tensions at a summit of the world's major economies. Only 12 of the 30 blue-chip Dow index components ended higher Friday, while the tech-heavy Nasdaq got a moderate boost from strong earnings after Thursday's closing bell.

"Today's an especially slow day with a lack of economic data," said Stephen Carl, head equity trader at the Williams Capital Group. "The market is basically drifting ahead of more earnings and a lot of reports next week." Over the week, the Dow and the S&P gained 0.6%, while the Nasdaq ticked up 0.4%. Though domestic earnings generally have been strong this quarter, stocks were under some pressure Friday as investors remained concerned about issues abroad.

The two-day Group of 20 finance and central bank ministers meeting kicked off Friday in South Korea, with tensions about a so-called currency war brewing. U.S. officials have been pushing China to allow its currency, the yuan, to rise against the dollar and level the international export playing field.

In a letter to the G-20 ministers, Treasury Secretary Tim Geithner urged some developing countries to stop keeping their currencies artificially low, and to cap their surpluses or deficits to rebalance the world economy." [Source:cnnmoney.com]

The DJIA Index finished the trading session Down 14.01; and
The SPI Futures are currently: Down 4 pts atm.

Of note in the US this evening:

Existing Home Sales (Sep) [Market moving indicator]

...AND...

Of note in Australia today:

Please note there is no noteworthy 'Economic news' due to be reported in Australia today.

Gold is currently trading Up $4.40 & is sitting at US$1,332.10/oz atm [Source: Kitco]
Oil is currently trading Up $0.28 & is sitting at US$81.97/oz atm [Source: Bloomberg]
The Dollar: The AUD/US is currently trading @ 0.9836 cents [Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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