daytrades dec 6 afternoon, page-2

Thanks Highlandlad!

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

'Market Focus' in the US this evening

"Watch for Asian reaction to Friday's employment report and any developments in Korea." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (03.12.2010)

"It's one of those bad news is a good news day! And the bad news is very bad -- a big and unexpected two tenths jump in the unemployment rate to 9.8 percent. The jump up ends expectations for steady economic recovery. The good news? It confirms the wisdom of the Fed's quantitative easing program and is raising serious talk of QE3.

The Dow spent most of the day a bit lower before ending fractionally higher at 11,382. Accounts favored short Treasuries during the session given that the Fed isn't likely to be raising rates anytime soon. The 2-year yield fell a steep seven basis points to 0.47 percent. Lower rates took a bite of the dollar which fell 1.5 percent on the dollar index to 79.17.

Commodities got a lift from the drop in short rates and the weakness in the dollar, both of which should stimulate economic demand. Traders say oil seems destined to test $90, rising another one percent to $89.35. What's bad for the dollar has been good for gold which rose more than one percent to $1,413 and is nearing record highs over $1,420." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

Jeffrey Lacker speaks
[Richmond Fed President - Speaks to the Charlotte, N.C., Chamber of Commerce on the economic outlook.]

Treasury STRIPS
[A report on the amount of net stripping of Treasury securities that has taken place during the month. The report details gross stripping and reconstitution of Treasury notes and bonds by individual issue.]

4-Week Bill Announcement; 3-Month Bill Auction; and 6-Month 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:-

RBA Interest Rate Decision [ Market moving indicator]
[RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.]

[Sources used: nasdaq.com; bloomberg.com; fxstreet.com; dailymarkets.com; www.dailyfx.com; & ozforex.com.au]
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ASX Market Watch (widget snapshot)



Gold Spot Price atm (Kitco)

... and the DOW futures are currently Down 8 pts atm (Live)!