daytrades august 10 morning ...

Good Morning Traders (thanks for handover highlandlad),

DOW Snapshot from previous trading session

"Stocks ended higher Monday as investors signaled modest optimism in the economic recovery, ahead of a highly anticipated statement from the Federal Reserve. Stocks got a boost from expectations that the Fed would strike a more dovish tone after its meeting Tuesday. "Following the payrolls report on Friday, we may see a softer approach from the Fed," said David Jones, chief market strategist at IG Markets in London. But trading remained quiet as the summer doldrums kicked in. August is historically a down month for the market with low trading volume and many market participants staying on the sidelines." [Source: cnnmoney.com]

The DJIA Index finished the trading session: Up 45.19 pts; and
The SPI Futures are currently: Up 4 pts atm.

Of Note in the US this evening:

Fed Interest Rate Decision [Market moving indicator]

Productivity and Costs [Merits extra attention]

... and ...

Of Note in Australia today:

National Australia Bank's Business Conditions (Jul) [Moderate volatility expected]
[The NABs Business Conditions released by the National Australia Bank looks at trading, profitability and employment conditions in Australia. It serves as an indicator of overall economic situation in the short term. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

National Australia Bank's Business Confidence (Jul) [Moderate volatility expected]
[The National Australia Bank Business Confidence is a survey of the current business condition in Australia. It indicates the performance of the overall Australian economy in a short-term view. A positive economic growth anticipates bullish movements for the AUD, whereas a negative growth is seen as bearish.]

[Sources used: nasdaq.com & fxstreet.com]

Gold is trading Down $0.10 atm and is currently sitting at $1,201.10/oz [Source: Kitco];
Oil is currently trading Up $0.05 atm and is currently at $81.53/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.9154 cents [Source: Forex. Live].

Have a great day trading today all!

Cheers, Tweets (:

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