1pm - 'Economic news' courtesy reminder time Traders!
'Market Focus' in the US this evening
"Ben Bernanke has the world's attention. Will he stress economic weakness and related actions? Or will he surprise everyone and play to the hawks?" [Source: nasdaq.com., Mark Pender]
'Market Reflections' from previous session (26.08.2010)
"A welcome decline in weekly jobless claims didn't help the market which moved back to the defensive ahead of tomorrow's comments from Ben Bernanke. The S&P 500 lost 0.8 percent to 1,047. Money moved into Treasuries once again, pulling down the 30-year yield by three basis points to 3.54 percent." [Source: nasdaq.com., Mark Pender] ______________________________________________________
Of note in the US this evening:-
Ben Bernanke speaks [ Market moving indicator] [Federal Reserve Chairman - Speech on the economic outlook at the Kansas City Fed's annual Jackson Hole conference.]
GDP [ Market moving indicator] [Gross Domestic Product (GDP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy.]
Consumer Sentiment [ Moderate volatility expected] [The University of Michigan's Consumer Survey Center questions 500 households each month on their financial conditions and attitudes about the economy. Consumer sentiment is directly related to the strength of consumer spending. Consumer confidence and consumer sentiment are two ways of talking about consumer attitudes. Among economic reports, consumer sentiment refers to the Michigan survey while consumer confidence refers to The Conference Board's survey.]
Corporate Profits [Corporate profits, as reported by the Bureau of Economic Analysis (BEA), are summarized briefly as the income of organizations treated as corporations in the national income and product accounts.]
... AND ... ______________________________________________________
Of note in Australia on Monday of next week:-
Company Gross Operating Profits (QoQ) (Q2) [The Company Gross Operating Profits released by the Australian Bureau of Statistics measures the total amount of pre-tax profits earned from business activities, excluding interest expense on borrowing and valuation adjustments. A high reading is seen as positive (or bullish) for the AUD because good business conditions are a sign of a strong consumer spending and import/ export activity, while a low reading is seen as negative (or bearish).]
HIA New Home Sales (MoM) (Jul) [HIA New Home Sales released by the Housing Industry Association presents the number of new home sales in Australia. It indicates the housing market condition. House buyers spend money on furnishing and financing their homes, which stimulates the demand for goods, services, and the employees. Thus, a high reading is seen as bullish (or positive) for the AUD, whereas a low reading is seen as bearish (or negative).]
1pm - 'Economic news' courtesy reminder time Traders!
Market moving indicator]
Moderate volatility expected]
