daytrades september 21 afternoon, page-2

Thanks highlandlad!

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

'Market Focus' in the US this evening

"There's talk the FOMC will provide new juice to the economy." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (20.09.2010)

"The Dow rose 1.4 percent to over 10,750 in a technical session lacking news. The session did get a lift from building talk that the FOMC may announce increasingly accommodative steps following tomorrow's policy meeting. Demand for Treasuries eased but only slightly with the 30-year yield down three basis points to 3.87 percent. Gold was firm near $1,280 with oil, just over $76, gaining in line with the stock market." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

Housing Starts [ Market moving indicator]
[A housing start is registered at the start of construction of a new building intended primarily as a residential building. The start of construction is defined as the beginning of excavation of the foundation for the building.]

Fed Interest Rate Decision (FOMC Meeting Announcement) [ Market moving indicator]
[The Board of Governors of the Federal Reserve announces an interest rate. This interest rate affects the whole range of interest rates set by commercial banks, building societies and other institutions for their own savers and borrowers. It also tends to affect the exchange rate. Generally speaking, if the Fed is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the USD.]

Building Permits (MoM) (Aug) [ Moderate volatility expected]
[The Building Permits released by the US Census Bureau, at the Department of Commerce shows the number of permits for new construction projects. It implies the movement of corporate investments (US economic development). It tends to cause some volatility to the USD. Normally, the more growing number of permits, the more positive (or bullish) for the USD.]

ABC/Washington Post Consumer Confidence (Sep 19) [ Moderate volatility expected]
[The ABC/Washington Post Consumer Confidence released by ABC News and the Washington Post captures the level of confidence that individuals have in economic activity reflecting respondents' evaluations of their personal financial situation. Generally, a high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).]

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.]

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 52-Week 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:-

Westpac Leading Index (MoM) (Jul) [ Moderate volatility expected]
[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]
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ASX Market Watch (widget snapshot)



Gold Spot Price atm (Kitco)

... and the DOW futures are currently Down 13 pts atm (Live)!