Good Morning Traders (thanks for handover highlandlad),DOW...

  1. 25,108 Posts.
    Good Morning Traders (thanks for handover highlandlad),

    DOW Snapshot from previous trading session

    "Stocks ended mixed after a choppy session Monday, as investors were caught between excitement over dealmaking in the tech sector and pessimism about weaker-than-expected economic data. Investors remained cautious following four straight losing sessions in the wake of the Federal Reserve's bearish outlook last week. A raft of downbeat economic reports and some tepid earnings results added pressure. Wall Street will be bracing for key reports on housing, building permits, prices and quarterly results from retail giants Wal-Mart (WMT, Fortune 500) and Home Depot (HD, Fortune 500) Tuesday before the bell. "The economic data hasn't been at its weakest levels, and I don't anticipate we're going to roll over, and crash and burn," said Phil Streible, a senior market strategist with Lind-Waldock. "But I think we're going to waffle around here until volume picks up again in September."" [Source: cnnmoney.com]

    The DJIA Index finished the trading session: Down 1.14 pts; and
    The SPI Futures are currently: Down 5 pts atm.

    Of Note in the US this evening:

  2. Housing Starts [Market moving indicator]

  3. Producer Price Index [Market moving indicator]

  4. Industrial Production [Market moving indicator]

    ... and ...

    Of note in Australia today:

  5. RBA Meeting's Minutes (Aug 17) [Moderate volatility expected]
    [The minutes of the Reserve Bank of Australia meetings are published two weeks after the interest rate decision. The minutes give a full account of the policy discussion, including differences of view. They also record the votes of the individual members of the Committee. Generally speaking, if the RBA is hawkish about the inflationary outlook for the economy, then the markets see a higher possibility of a rate increase, and that is positive for the AUD.]

    [Sources used: nasdaq.com & fxstreet.com]

    Gold is trading Down $0.30 atm and is currently sitting at $1,225.20/oz [Source: Kitco];
    Oil is currently trading Down $0.06 atm and is currently at $75.18/barrel [Source: Bloomberg]; and
    The Dollar: The AUD/USD is currently trading at 0.8953 cents [Source: Forex. Live].

    Have a great day trading today all!

    Cheers, Tweets (:

    Please click here to go to the 'Pre-Market thread'
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