daytrades feb 1 morning ...

Good Morning Traders,

US Market Report:

"U.S. stocks posted solid gains Monday as investors focused on the positive earnings news out of Exxon Mobil and rising commodity prices, while continuing to monitor the ongoing political unrest in Egypt.

Energy shares led the Dow higher, led by Exxon Mobil, which reported a 46% jump in fourth-quarter earnings. Chevron rose 1.7%. That helped lift the Select Sector Energy Select Sector SPDR Fund, an energy ETF that counts Exxon and Chevron among its top holdings.

Shares of Chesapeake Energy jumped 8.1% after the natural gas producer sold a 33.3% stake to Cnooc Ltd., China's largest producer of offshore oil and natural gas." [Source: cnnmoney.com]

Market Reflections - Monday, 31st January, 2011

"Political change in Egypt is raising the prospect of political change through the Arab world, change that raises the risk of new oil policies. West Texas Intermediate rose another three percent to $92 while Brent, more exposed to the risk of shipping delays, rose two percent to $101. High oil prices during the fourth quarter gave a boost to Exxon earnings which in turn gave a boost to today's stock market. The Dow rose more than a half percent to 11,891.

Safe-haven assets are getting only a limited benefit so far from the turmoil in Egypt. Gold held steady at $1,330 while Treasury rates, pressured by gains in the stock market, rose with the 10-year yield up six basis points to 3.39 percent." [Source: bloomberg.com]

Market Focus in the US this evening

"January's ISM may not match December's very strong reading yet a dip in the headline index would still indicate monthly growth, only a slower rate of growth." [Source: bloomberg.com]

The DJIA Index last finished the last trading session Up 68.23 points; and
The SPI Futures are currently: Up 12 points atm.

Of note in the US this evening:

ISM Mfg Index [ Market moving indicator]

Motor Vehicle Sales [ Merits extra attention]

Construction Spending [ Merits extra attention]

...AND...

Of note in Australia today:

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.]

AiG Performance of Mfg Index [ Merits extra attention]
[AiG performance of the Mfg Index released by the Australian Industry Group presents business conditions in the Australian manifucturing 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).]

National Australia Bank's Business Confidence (Dec) [ Merits extra attention]
[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.]

National Australia Bank's Business Conditions (Dec)
[The NAB�s 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).]

RBA Commodity Index SDR (YoY) (Jan)
[The RBA Commodity Price SDR released by the Reserve Bank of Australia is considered as an early indicator of export price changes. The price changes influence GDP and exchange rates. An increase in prices may indicate strength of the AUD, while a decrease in prices may indicate weakness of the AUD. A high reading is seen as bullish for the AUD, whereas a low reading is seen as bearish.]

House Price Index (QoQ) (YoY) (Q4)
[The House Price Index released by the Australian Bureau of Statistics shows changes in housing prices of major cities in Australia. The housing prices are considered as a key indicator for inflationary pressures. A high reading is seen as 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 $5.40 & is sitting at US$1,333.00/oz atm [Source: Kitco]
Oil is currently trading Up $2.85 & is sitting at US$92.19/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ $0.9968c against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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