daytrades oct 7 afternoon, page-2

Thanks highlandlad!

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

'Market Focus' in the US this evening

"A jump in initial jobless claims would add to yesterday's ADP worries." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (06.10.2010)

"The promise of pending Fed buying is the central feature of the financial markets, putting a floor on stocks, bonds and commodities and opening a trap door for the dollar. Weak economic data, like today's ADP estimate for Friday's payrolls, heighten expectations for aggressive Fed action while strong economic data, like yesterday's ISM non-manufacturing report, point to accelerated growth once Fed action begins.

Stocks were mixed with the Dow up slightly to 10,967 but the Nasdaq down nearly one percent after Morgan Stanley cut a pair of specialty chip makers on concern over Asian demand. The dollar is extending its slide with the dollar index down 0.4 percent to 77.41. Oil rose another 1/2 percent to $83.27 while gold hit a new record ending up nearly 1/2 percent at $1,348. The weak ADP report raised demand for Treasuries where the 5-year note fell 4 basis points to 1.16 percent." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

BOE Announcement [ Market moving indicator]
[The Bank of England announces its monetary policy with regard to interest rates monthly.]

ECB Announcement [ Market moving indicator]
[The European Central Bank announces its monetary policy with regard to interest rates usually during its first meeting of the month.]

Jobless Claims [ Merits extra attention]
[New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility.]

EIA Natural Gas Report [ Merits extra attention]
[The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S., and three regions of the country. The level of inventories helps determine prices for natural gas products.]

Thomas Hoenig speaks
[Kansas City Federal Reserve Bank President - Speech in Norfolk, Nebraska. ]

Monster Employment Index
[The Monster Employment Index is a comprehensive monthly analysis of U.S. online job demand. It is conducted by Monster Worldwide, Inc. and is based on a real-time review of a large, representative selection of career sites and job boards, including Monster," according to Monster Worldwide. The Index presents a snapshot of employer online recruitment activity nationwide. It was launched in April 2004 with data collected since October 2003.]

Consumer Credit (Aug)
[The dollar value of consumer installment credit outstanding. Changes in consumer credit indicate the state of consumer finances and portend future spending patterns.]

Chain Store Sales
[Monthly sales volumes from individual department, chain, discount, and apparel stores are usually reported on the first Thursday of each month. Chain store sales correspond with roughly 10 percent of retail sales. Chain store sales are an indicator of retail sales and consumer spending trends.]

Money Supply
[The monetary aggregates are alternative measures of the money supply by degree of liquidity. Changes in the monetary aggregates indicate the thrust of monetary policy as well as the outlook for economic activity and inflationary pressures.]

3-Month Bill Announcement; 6-Month Bill Announcement; 3-Yr Note Announcement; 10-Yr Note Announcement; 30-Yr Bond Announcement [and Weekly Bill Settlement]
[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:-

Foreign Reserves (Sep)
[The Foreign Reserves released by the Reserve bank of Australia present changes in the value of official reserve assets reflecting purchases and sales (including swaps) of foreign exchange by the Reserve Bank, earnings on foreign securities, transactions with official institutions overseas. A high reading is is seen as positive (or bullish) for the AUD, while a low reading is seen as negative.]

[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 Up 1 point atm (Live)!