daytrades may 30 morning ...

Good Morning Traders,

Firstly, please note that it is a public holiday in the US this evening for 'Memorial Day', and therefore all US markets are closed.

US - Market Reflections - Friday, 27th May, 2011

Friday's domestic news is mixed and in sum doesn't add further weight to evidence of slowing growth. On the positive side are solid income data in the personal income & outlays report and also a solid rise in consumer sentiment led by strength in the consumer's outlook. On the negative side is a collapse in pending home sales that may however be skewed by April's extreme weather that hit the South. Internationally, focus is on Greece and whether a default is on the horizon.

Stocks continue to enjoy momentum after edging back in the prior week. The Dow rose 0.3 percent to 12,441. The dollar continues to weaken, pressured all week by the apparent downturn in domestic growth. The dollar index fell nearly one percent today. Gold firmed slightly to $1,535 while oil held between $100 and $101.

US - Market Focus in the US this evening

Market closed!

[Source used: bloomberg.com / nasdaq.com]
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The DJIA Index finished the last trading session: Up 38.82 points; and
The SPI Futures are currently: Up 5 points atm.
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Of note in the US this evening:

Market closed!

...AND...

Of note in Australia today:

HIA New Home Sales (MoM) (Apr)
[HIA New Home Sales released by the Housing Industry Association presents the number of new home sales in Australia. It indicates the housing market condition. House buyers spend money on furnishing and financing their homes, which stimulates the demand for goods, services, and the employees. Thus, a high reading is seen as bullish (or positive) for the AUD, whereas a low reading is seen as bearish (or negative).]

Company Gross Operating Profits (QoQ) (Q1)
[The Company Gross Operating Profits released by the Australian Bureau of Statistics measures the total amount of pre-tax profits earned from business activities, excluding interest expense on borrowing and valuation adjustments. A high reading is seen as positive (or bullish) for the AUD because good business conditions are a sign of a strong consumer spending and import/ export activity, while a low reading is seen as negative (or bearish).]

...AND...

Of note elsewhere today/this evening:

Japan - Annualized Housing Starts (Apr) [ Merits extra attention]

Japan - Housing Starts (YoY) (Apr) [ Merits extra attention]

Canada - Gross Domestic Product (MoM) (Mar) [ Merits extra attention]

Canada - Current Account (Q1) [ Merits extra attention]

Canada - Gross Domestic Product Annualized (QoQ) (Q1) [ Merits extra attention]

Japan - Nomura/ JMMA Manufacturing Puchasing Manager Index (May) [ Merits extra attention]

Japan - Unemployment Rate (Apr) [ Merits extra attention]

Japan - Overall Household Spending (YoY) (Apr) [ Merits extra attention]

Japan - Industrial Production (MoM) (YoY) (Apr) [ Merits extra attention]

[Sources used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]

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Gold is currently trading Down $0.40c atm and is sitting at US$1,536.10/oz;
Oil (Nymex Crude) is currently trading Up $0.07c atm and is sitting at US$100.66/bbl atm
The Dollar: The AUD is currently trading @ $1.0699c against the US Dollar

[Sources used: kitco.com; bloomberg.com; nasdaq.com & fxstreet.com]
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Have a great day trading today all.

Cheers, Tweets

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