Good Morning Traders,DOW Snapshot from the previous trading...

Good Morning Traders,

DOW Snapshot from the previous trading session

"Stocks moved higher Tuesday, as investors welcomed a compromise between President Obama and Republican lawmakers that would extend the Bush-era tax cuts for two years.

The advance came after President Obama, on Monday, announced a deal with Republican leaders that would extend Bush-era tax cuts for two years and unemployment benefits for 13 months. It would also lower the payroll tax by two percentage points for a year.

The compromise, which is expected to face some resistance from Democrats, is supporting stocks because it gives investors and businesses "clarity and certainty," said Nick Kalivas, vice president of financial research at MF Global.

"It also looks like Obama is moving more to the center," he added. "That's giving the investment community some hope that federal policies will be more business friendly." " - [Source: cnnmoney.com]

The DJIA Index finished the last trading session Down 3.03; and
The SPI Futures are currently: Up 2 pts atm.

Of note in the US this evening:

EIA Petroleum Status Report [Merits extra attention]

...AND...

Of note in Australia today:

Home Loans (Oct) [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).]

Investment Lending (Oct)
[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: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]

Gold is currently trading Down $22.60 & is sitting at US$1,401.10/oz atm [Source: Kitco]
Oil is currently trading Down $0.69 & is sitting at US$88.69/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9826cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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