daytrades november 11 morning ...

Good morning traders on this ... 'Remembrance Day',

DOW Snapshot from previous trading session

"U.S. stocks turned higher Wednesday afternoon as the dollar eased from an earlier rally. But gains were tepid as investors remained jittery ahead of the G-20 meeting.

All three major indexes had fallen sharply earlier in the session, with the Dow shedding 92 points, as the dollar soared to a one-month high against the euro and the yen. But stocks clawed higher as the dollar eased.

"We're seeing some abatement in the dollar's rally, which has contributed to the slight lift in the stock market," said Mark Luschini, chief investment strategist at Janney Montgomery Scott." [Source: cnnmoney.com]

The DJIA Index finished the trading session Down 3.26; and
The SPI Futures are currently: Up 29 pts atm.

Of note in the US this evening:

Please note there is no noteworthy 'Economic news' due out in the US this evening as it is a federal holiday for 'Veterans Day' in the US; however please do note that the 'Stocks and Futures Markets' will be open for trading as usual.

...AND...

Of note in Australia today:

Employment Change (Oct) [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).]

Unemployment Rate (Oct) [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).]

Consumer Inflation Expectation (Nov)
[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.]

Gold is currently trading Up $10.40 & is sitting at US$1,403.40/oz atm [Source: Kitco]
Oil is currently trading Up $1.09 & is sitting at US$87.81/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 1.0015 cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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