daytrades december 2 morning ...

Good Morning Traders,

DOW Snapshot from the previous trading session

"Stocks surged over 2% Wednesday as signs of economic strength in the United States and China tempered worries about the European debt crisis.

The bullish tone came after payroll processing firm ADP said private sector employers added 93,000 jobs last month. An index of U.S. manufacturing ticked lower, but continued to signal growth, while construction spending rose sharply in October.

"There's a growing sense the economy isn't doing as badly as was priced in three months ago," said Brian Gendreau, market strategist at Financial Network. "All it took was mixed news to price out the double-dip recession, now we're getting genuinely good news." " [Source: cnnmoney.com]

The DJIA Index finished the last trading session Up 249.76; and
The SPI Futures are currently: Up 62 pts atm.

Of note in the US this evening:

ECB Announcement [Market moving indicator]

Pending Home Sales Index [Market moving indicator]

Jobless Claims [Merits extra attention]

EIA Natural Gas Report [Merits extra attention]

...AND...

Of note in Australia today:

Retail Sales Trend (MoM) (Oct) [Moderate volatility expected]
[The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it''s considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the AUD, while a low reading is seen as negative or bearish.]

Trade Balance (Oct) [Moderate volatility expected]
[The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.]

AiG Performance of Services Index (Nov) [Moderate volatility expected]
[AiG Performance of Services Index released by the Australian Industry Group presents business conditions in the Australian service sector. The group surveys 200 manufacturers on their assessment of the business situation including employment, production, orders, prices, and inventories, and their short-term planning. A result above 50 is seen as positive (or bullish) for the AUD, whereas a result below 50 is seen as negative (or bearish).]

[Sources Used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]

Gold is currently trading Down $0.60 & is sitting at US$1,386.60/oz atm [Source: Kitco]
Oil is currently trading Up $2.64 & is sitting at US$86.75/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9671 cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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