daytrades june 14 morning ...

Good Morning all,

US - Market Reflections - Monday, 13th June, 2011

Bargain hunting following Friday's sell-off along with a small run of acquisitions made for early gains in the stock market that however faded through the session with the Dow ending fractionally changed at 11,952. Concern over slowing growth in China is an increasing factor for the markets and is weakening many commodities including gold which fell $15 to $1,515. Oil, down $2 to $97, was specifically hit by a report out of Saudi Arabia saying the country is already increasing output in the wake of last week's production stalemate at OPEC.

Market Focus in the US this evening

Motor vehicles sales, hit by Japanese effects, seem certain to hurt the May retail sales report which would put the emphasis on non-vehicle components.

[Sources used: bloomberg.com / nasdaq.com]
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The DJIA Index finished the trading session: Up 1.06 points; and
The SPI Futures are currently trading: Down 9 points.
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Of note in the US this evening:

Ben Bernanke speaks [Market moving indicator]
[Speech at a conference on the debt ceiling and the budget in Washington.]

Producer Price Index [Market moving indicator]

Retail Sales [Market moving indicator]

Business Inventories [Merits extra attention]

...AND...

Of note in Australia today:

National Australia Bank's Business Conditions (May)
[The NAB�s 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 (May)
[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.]

...AND...

Of note elsewhere today/this evening:

Japan - BoJ Interest Rate Decision (Jun 14) [Market moving indicator]

China - Consumer Price Index (YoY) (May) [Market moving indicator]

United Kingdom - Consumer Price Index (MoM) (YoY) (May) & Core Consumer Price Index (YoY) (May) [Market moving indicator]

United Kingdom - Nationwide Consumer Confidence (May) [Merits extra attention]

Japan - BoJ Monetary Policy Statement [Merits extra attention]

China - Producer Price Index (YoY) (May) [Merits extra attention]

China - Retail Sales (YoY) (May) [Merits extra attention]

China - Urban investment (YTD) (YoY) (May) [Merits extra attention]

China - Industrial Production (YoY) (May) [Merits extra attention]

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

Switzerland - SECO Economic Forecasts (Jun) [Merits extra attention]

United Kingdom - Retail Price Index (MoM) (YoY) (May) [Merits extra attention]

United Kingdom - CB Leading Indicator Index (Apr) [Merits extra attention]

New Zealand - Retail Sales (QoQ) (Q1) & Retail Sales ex Autos (QoQ) (Q1) [Merits extra attention]

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

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Gold is currently sitting trading Up $1.50 and is sitting at US$1,516.80oz atm;
Oil (Nymex Crude) is currently trading Down $0.48c atm and is sitting at US$96.82/bbl atm
The Dollar: The AUD is currently trading @ $1.0604c against the US Dollar

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

Cheers, Tweets

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