daytrades nov 23 afternoon, page-2

Thanks Highlandlad!

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

'Market Focus' in the US this evening

"" [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (22.11.2010)

"Stocks showed little reaction to news of credit restrictions in China and to what appears will be a bailout for Ireland. The action in China, centered in bank reserves, is considered a measured effort, well short of an actual change in rates. The Dow ended fractionally higher just over 11,200.

Rates were mixed with the 30-year Treasury ending three basis points lower at 4.25 percent. The dollar index was fractionally lower at 78.50. Oil and gold were steady, ending at $82 and $1,350." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

GDP [ Market moving indicator]
[Gross Domestic Product (GDP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy.]

Existing Home Sales [ Market moving indicator]
[Existing home sales tally the number of previously constructed homes, condominium and co-ops in which a sale closed during the month. Existing homes (also known as home resales) account for a larger share of the market than new homes and indicate housing market trends. (National Association of Realtors)]

Richmond Fed Manufacturing Index [ Moderate volatility expected]
[This survey provides a comprehensive set of indicators of business conditions within the fifth region�s manufacturing sector. The survey provides participants� knowledge of recent changes in manufacturing activity as well as insights into expected developments in six months. The data are released the second Tuesday of each month. (Federal Reserve Bank of Richmond)]

FOMC Minutes
[The Federal Open Market Committee issues minutes of its meetings with a lag. The minutes of the previous meeting are reported three weeks after the meeting.]

ICSC-Goldman Store Sales
[This weekly measure of comparable store sales at major retail chains, published by the International Council of Shopping Centers, is related to the general merchandise portion of retail sales. It accounts for roughly 10 percent of total retail sales.]

Corporate Profits
[Corporate profits, as reported by the Bureau of Economic Analysis (BEA), are summarized briefly as the income of organizations treated as corporations in the national income and product accounts.]

Redbook
[A weekly measure of sales at chain stores, discounters, and department stores. It is a less consistent indicator of retail sales than the weekly ICSC index. It is also calculated differently than other indicators.]

4-Week Bill Auction; and 5-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:-

Please note that as the usual site that I use for 'Economic news' doesn't seem to be working properly today (ie; fxstreet.com), soooooooooo I have extracted the following Australian 'Economic news' from another website ie; www.dailymarkets.com:-

Conference Board Leading Index (SEP) [ Moderate volatility expected]

CBAHIA House Affordability (3Q)

Construction Work Done (3Q)

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



Gold Spot Price atm (Kitco)

... and the DOW futures are currently Down 22 pts atm (Live)!