daytrades july 4 morning ...

Thanks Endless ... and Good Morning all,

US - Market Reflections - Friday 1st July, 2011

The ISM's manufacturing composite index proved much stronger than expected though it was skewed higher by what are likely to be unsustainable gains for both inventories and employment. Yet the gain for employment does point to solid factory payroll growth in next Friday's employment report which is definitely a short-term plus. The market built on to its momentum with the Dow up a very strong 1.4 percent to 12,582. Treasury rates and the dollar were little changed as were commodities though gold eased $15 to $1,485.

Market Focus in the US this evening

Please note that all markets are closed in the US this evening for Independence Day holiday.
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The DJIA Index finished the last trading session: Up 168.43 points; and
The the SPI Futures are currently trading: Up 48 point.
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On the 'Economic news' front, please note the following:-

Of note in the US this evening:

Please note there is no key data being reported in the US this evening due to the US Independence Day holiday.


Of note in Australia today:

TD Securities Inflation (MoM) (YoY) (Jun)
[TD Securities Inflation released by The University of Melbourne - Faculty of Economics and Commerce estimates inflation in the Australian economy. The higher inflation, the stronger the effect it will have on a probability of a rate hike by the RBA. Generally speaking, a high reading should be taken as positive, or bullish, for the AUD, while a low reading is seen as negative or bearish.]

Retail Sales s.a. (MoM) (May)
[The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it''s considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the AUD, while a low reading is seen as negative or bearish.]

Building Permits (MoM) (YoY) (May)
[The Building Permits released by the Australian Bureau of Statistics shows the number of permits for new construction projects. It implies the movement of corporate investments (the Australian economic development). It tends to cause some volatility to the AUD. The more growing number of permits, the more positive (or bullish) for the AUD.]

ANZ Job Advertisements (Jun)
[The ANZ job advertisements released by the Australia and New Zealand Banking Group Limited (ANZ) presents the number of job advertisements in the major metropolitan newspapers and on the internet sites. It is used for forecasting employment growth in Australia as it indicates future labor market conditions.A high reading is seen as bullish (or postive) for the AUD, whereas a low reading is seen as bearish (or negative).]

Of note elsewhere today/this evening:

Switzerland - Real Retail Sales (YoY) (May)

European Monetary Union - Sentix Investor Confidence (Jul)

European Monetary Union - Producer Price Index (MoM) (YoY) (May)


- denotes: Market Moving Indicator
- denotes: Merits Extra Attention

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Gold is currently sitting trading Up $2.60 atm and is sitting at US$1,489.10/oz atm;
Oil (Nymex Crude) is currently trading Up $0.29 atm and is sitting at US$95.23/bbl atm
The Dollar: The AUD is currently trading @ $1.0779c against the US Dollar

Sources used above: bloomberg.com; nasdaq.com; dailyfx.com; fxstreet.com; & kitco.com
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Have a great day.

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