daytrades april 28 afternoon, page-55

2pm - 'Economic news' courtesy reminder time Traders,

Please note the following 'Economic news' which is due out in the US this evening:-

Market Focus/Highlights

"Events in Europe are unfolding at a rising pace and could even overshadow the FOMC statement." [Source: Bloomberg]

FOMC Meeting Announcement [market moving indicator]
[The Federal Open Market Committee (FOMC) is the policy-making arm of the Federal Reserve. It determines short-term interest rates in the U.S. when it decides the overnight rate that banks pay each other for borrowing reserves when a bank has a shortfall in required reserves.]

EIA Petroleum Status Report [ Merits extra attention]
[The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.]

MBA Purchase Applications
[The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.]

5-Yr Note Auction
[Treasury notes are sold at regularly scheduled public auctions.]

... and ...

The following 'Economic news' is due out in Australia tomorrow:-

Conference Board Australia Leading Index (Feb) [ Moderate volatility expected]
[The Conference Board Australia leading Index released by the Conference Board measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It forecasts short to mid-term growth in the Australian economy. Generally, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

[Sources: Bloomberg & fxstreet.com]
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ASX Market Watch (widget snapshot)

The DOW Futures are currently Up 17 pts atm (Live).

** If this 2pm/mid-afternoon courtesy reminder of upcoming 'Economic news' is of use to you, then please feel free to give this post a thumbs up, or vice versa! **