daytrades april 7 afternoon, page-61

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

"Watch for action late in the session. Ben Bernanke will be speaking and consumer credit will be posted. Last month, consumer credit data showed strength and helped make for a late rally." [Source: Bloomberg]

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. ]

Ben Bernanke speaks [ moderate volatility expected]
[Federal Reserve Chairman - Speaks on "Economic challenges: Past, Present and Future" to the Dallas Regional Chamber. ]

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.]

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

EIA Crude Oil Stocks change
[EIA Crude Oil Stock is a measure of change in crude oil storage and it's released by the Energy Information Administration. This report indicates the oil demand and the price volatility.]

Bank Reserve Settlement
[A two-week period that ends every other Wednesday during which commercial banks must meet reserve requirements stipulated by the Federal Reserve.]

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

William Dudley speaks
[New York Federal Reserve Bank President - Speaks to The Economic Club of New York.]

Thomas Hoenig speaks
[Kansas City Federal Reserve Bank President - Addresses meeting of the Denver branch board of directors meeting in Santa Fe, New Mexico.]

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

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... and the following 'Economic news' due to be released in Australia tomorrow:-

Unemployment Rate (Mar) [ High volatility expected]
[The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market.]

Employment Change (Mar) [ Moderate volatility expected]
[The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]
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ASX Market Watch (widget snapshot)

The DOW Futures are currently Down 8 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! **