daytrades - nov 15 - afternoon, page-2

Thanks Endless!

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

'Market Focus' in the US this evening

"A gain for October retail sales would improve prospects for the fourth quarter." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (12.11.2010)

"Inflation and credit-tightening in China made for another rough session with the Dow down nearly one percent to 11,192. Commodities, which had been jumping on prospects of dollar-based inflation, fell back steeply with gold down more than $40 to $1,370 and oil down $3 to $85.

A jump in the inflation expectations reading of the consumer sentiment report brought home the risk of inflation. The yield on the 30-year Treasury rose three basis points to 4.28 percent. The dollar, which had been rallying on European sovereign concern, slipped back with the dollar index ending at 78.11." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

Retail Sales (MoM) (Oct) [ High volatility expected]
[The Retail Sales ex Autos released by the US Census Bureau is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes except the automobile sector. The retail sales index is often taken as an indicator of consumer confidence. This report is the "advance" report, which can be revised fairly significantly after the final numbers are calculated. The positive economic growth anticipates bullish movements for the USD.]

Retail Sales ex Autos (MoM) (Oct) [ Moderate volatility expected]
[The Retail Sales ex Autos released by the US Census Bureau is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes except the automobile sector. The retail sales index is often taken as an indicator of consumer confidence. This report is the "advance" report, which can be revised fairly significantly after the final numbers are calculated. The positive economic growth anticipates bullish movements for the USD.]

NY Empire State Manufacturing Index (Nov) [ Moderate volatility expected]
[The Empire State Manufacturing Survey conducted by the Federal Reserve Bank of New York gauges business conditions for New York manufacturers. Generally speaking, a positive result indicates bullish for US Dollar, while a negative result shows poor growth of US Dollar.]

Business Inventories
[Business inventories are the dollar amount of inventories held by manufacturers, wholesalers, and retailers. The level of inventories in relation to sales is an important indicator of the near-term direction of production activity. (Bureau of the Census)]

4-Week Bill Announcement; 3-Month Bill Auction; and 6-Month Bill Auction
[Treasury bills are sold at public auctions every week.]
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... AND ...
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Of note in Australia tomorrow:-

RBA Meeting's Minutes (Nov 15) [ High volatility expected]
[The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.]

Westpac Leading Index (MoM) (Nov)
[The Westpac Leading Index released by the Melbourne Institute tracks nine gauges of economic activity, including share prices and telephone installations, to provide an indication of how the economy will perform. It tends to have an impact on the AUD volatility. Generally speaking, the more positive the reading, the better for the currency, while a low reading is seen as negative (or bearish).]

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



Gold Spot Price atm (Kitco)

... and the DOW futures are currently Up 31 pts atm (Live)!