daytrades august 18 morning ...

Good Morning Traders (thanks for handover highlandlad),

DOW Snapshot from previous trading session

"Stocks rallied Tuesday after a Federal Reserve regional president said fears about the central bank's outlook were "unwarranted" and investors shifted their focus to strong earnings from Wal-Mart and Home Depot. The gains followed a choppy trading day on Wall Street on Monday. The tech-heavy Nasdaq managed to advance, rising about 0.4%, while the Dow and S&P 500 ended little changed. Investors started the week coming off four consecutive sessions of losses, following a bearish statement from the Federal Reserve a week ago. And while the Fed's outlook about a slowing economic recovery is still weighing on investors' minds, their fears were calmed on Tuesday when Narayana Kocherlakota -- head of the Federal Reserve Bank of Minneapolis -- said those concerns about the central bank's statement are "unwarranted."" [Source: cnnmoney.com]

The DJIA Index finished the trading session: Up 103.84 pts; and
The SPI Futures are currently: Up 17 pts atm.

Of Note in the US this evening:

EIA Petroleum Status Report [Merits extra attention]


... AND ...


Of note in Australia today:

Wage Price Index (QoQ) (Q2) (YoY) [High volatility expected]
[The Wage Price Index released by the Australian Bureau of Statistics is an indicator of labor cost inflation and of the tightness of labor markets. The Reserve Bank of Australia pays close attention to it when setting interest rates. A high reading is positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

Westpac Leading Index (MoM) (Jun)
[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 & fxstreet.com]

Gold is trading Up $0.20 atm and is currently sitting at $1,224.90/oz [Source: Kitco];
Oil is currently trading Down $0.11 atm and is currently at $75.66/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.9051 cents [Source: Forex. Live].

Have a great day trading today all!

Cheers, Tweets (:

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