daytrades august 9 morning ...

Good Morning Traders (thanks for handover highlandlad) ... and thanks also to 'Endless' & all those that stepped up to the plate in my absence; I hope you had a great few weeks of trading!

DOW Snapshot from last Friday's trading session

"Stocks closed lower Friday as concerns about unemployment continued to weigh on the market, although all three major gauges ended the week with gains. Stocks opened lower after a government report showed the tepid pace of hiring in the private sector failed to offset the loss of thousands of public sector jobs in July. The selling gained momentum as stocks fell through key technical levels, with the Dow shedding 160 points in the morning. But the market recovered late in the day to close near session highs. The dour jobs data added to concerns about the economic recovery, which is turning out to be less robust than many analysts had anticipated. In particular, investors are worried that consumer spending, the main engine powering the U.S. economy, will suffer as unemployment remains high. " [Source: cnnmoney.com]

The DJIA Index finished the trading session: Down 21.42 pts; and
The SPI Futures are currently: Down 14 pts atm.

Of Note in the US this evening:

Please note there is no noteworthy 'Economic news' due to be released in the US this evening;

... and ...

Of Note in Australia today:

Home Loans (Jun) [Moderate volatility expected]
[The Home Loans released by the Australian Bureau of Statistics presents the number of home loans. It indicates the housing market trend in Australia and a level of consumer confidence as large housing loans are taken out. A high reading is seen positive (or bullish) for the AUD, while a low reading is seen negative (or bearish).]

National Australia Bank's Business Conditions (Jul) [Moderate volatility expected]
[The NABs Business Conditions released by the National Australia Bank looks at trading, profitability and employment conditions in Australia. It serves as an indicator of overall economic situation in the short term. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

National Australia Bank's Business Confidence (Jul) [Moderate volatility expected]
[The National Australia Bank Business Confidence is a survey of the current business condition in Australia. It indicates the performance of the overall Australian economy in a short-term view. A positive economic growth anticipates bullish movements for the AUD, whereas a negative growth is seen as bearish.]

Investment Lending (Jun)
[The Investment lending released by the Australian Bureau of Statistics measures number of lendings to business enterprises including individual ones. A high reading anticipates growth in the Australian economy, and that is said to be positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

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

Gold is trading Down $0.40 atm and is currently sitting at $1,205.30/oz [Source: Kitco];
Oil is currently trading Up $0.15 atm and is currently at $80.85/barrel [Source: Bloomberg]; and
The Dollar: The AUD/USD is currently trading at 0.9178 cents [Source: Forex. Live].

Have a great day trading today all!

Cheers, Tweets (:

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