daytrades august 17 afternoon, page-2

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

'Market Focus' in the US this evening

"Industrial production data will offer the latest on what has become an uncertain outlook for the nation's manufacturing sector." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from previous session (16.08.2010)

"Stocks ended narrowly mixed Monday in a session that actually proved to be positive given a new run of negative news and a major inflow into the safety of Treasuries. Flat Japanese GDP was the main foreign news while U.S. news included a weak Empire State manufacturing report, slowing sales at home-improvement chain Lowe's, and a third straight post-stimulus drop in the housing market index. The Dow slipped only 0.1 percent to 10,298.

But money flowed heavily into Treasuries in part on the negative economic news and in part on new sovereign debt concerns in Europe. The 30-year yield fell 14 basis points to 3.72 percent and the 2-year yield fell 4 basis points to 0.49 percent. Gold gained 0.5 percent to $1,224 while oil slipped 0.2 percent to $75.50." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

Housing Starts [ Market moving indicator]
[A housing start is registered at the start of construction of a new building intended primarily as a residential building. The start of construction is defined as the beginning of excavation of the foundation for the building.]

Producer Price Index [ Market moving indicator]
[The Producer Price Index (PPI) is a measure of the average price level for a fixed basket of capital and consumer goods received by producers.]

Industrial Production [ Market moving indicator]
[The index of industrial production is available nationally by market and industry groupings. The major groupings are comprised of final products (such as consumer goods, business equipment and construction supplies), intermediate products and materials. The industry groupings are manufacturing (further subdivided into durable and nondurable goods), mining and utilities.]

Narayana Kocherlakota speaks
[Minneapolis Federal Reserve Bank President - Speech on the FOMC to a business leaders lunch at Northern Michigan University in Marquette, Michigan.]

ICSC-Goldman Store Sales
[This weekly measure of comparable store sales at major retail chains, published by the International Council of Shopping Centers, is related to the general merchandise portion of retail sales. It accounts for roughly 10 percent of total retail sales.]

ABC/Washington Post Consumer Confidence
[The ABC/Washington Post Consumer Confidence released by ABC News and the Washington Post captures the level of confidence that individuals have in economic activity reflecting respondents' evaluations of their personal financial situation. Generally, a high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).]

Redbook
[A weekly measure of sales at chain stores, discounters, and department stores. It is a less consistent indicator of retail sales than the weekly ICSC index. It is also calculated differently than other indicators.]

4-Week Bill Auction
[Treasury bills are sold at public auctions every week.]
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... AND ...
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Of note in Australia tomorrow:-

Wage Price Index (QoQ) (Q2) & (YoY) [ High volatility expected]
[The Wage Price Index released by the Australian Bureau of Statistics is an indicator of labor cost inflation and of the tightness of labor markets. The Reserve Bank of Australia pays close attention to it when setting interest rates. A high reading is positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

Westpac Leading Index (MoM) (Jun)
[The Westpac Leading Index released by the Melbourne Institute tracks nine gauges of economic activity, including share prices and telephone installations, to provide an indication of how the economy will perform. It tends to have an impact on the AUD volatility. Generally speaking, the more positive the reading, the better for the currency, while a low reading is seen as negative (or bearish)]

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

... and the DOW futures are currently Up 12 pts atm (Live)!