Good morning Traders (& thanks barnsty for opening up this morning in Highlandlad's absence).- Firstly, belated Birthday wishes have to go out to Haspete today who I believe turned 21 (again) yesterday, lol - so, 'Happy (belated) Birthday' Pete from all the Day-Trading bunch & hope you had an absolutely awesome day!
DOW Snapshot from the previous trading session:
"U.S. stocks came off morning lows but still ended mostly lower Monday following a sell-off in European markets, as investors worried about a possible bailout for Portugal. "There's a lot of anxiety in the marketplace, with the focus on what's happening overseas," said Bruce McCain, chief investment strategist at Key Private Bank. Concerns over European debt problems resurfaced as Germany, France and other eurozone countries pressured Portugal to take a bailout to ease its massive debt crisis.
McCain added that the slump could also be part of a small pullback investors have been anticipating following six consecutive weeks of gains. "We've had a series of very good weeks and now that we're into January, the market is vulnerable to a pullback for the short-term," McCain said.
Meanwhile, investors digested of a slew of corporate merger deals and geared up for the start of fourth-quarter corporate results, with Alcoa reporting after the closing bell." [Source: cnnmoney.com]
Market Reflections - Monday, 10th January, 2011
"Talk that Portugal is about to be the next bail-out domino put markets on the defensive Monday. But the European Central Bank didn't allow spreads to widen, buying Portuguese bonds in the open market. Portuguese officials say they aren't looking for help, an echo of what Irish and Greek officials said before their countries accepted bail-out terms.
The Dow industrials fell slightly to 11,637. Currencies were little changed despite the Portuguese developments. Oil rose 1.5 percent to end at near $89.50 on news of a line interruption in Alaska. Rates slipped slightly with the 10-year ending at 3.29 percent." [Source: bloomberg.com]
Market Focus in the US this evening
"Watch for the latest reports on Portugal." [Source: bloomberg.com]
The DJIA Index finished the last trading session Down 37.31 points; and
The SPI Futures are currently: Down 14 points atm.
Of note in the US this evening:- Please note there is no noteworthy 'Economic news' due to reported in the US this evening;
...AND...
Of note in Australia today:- Trade Balance (Nov) [High 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.]- ANZ Job Advertisements (MoM) (Dec)
[The ANZ job advertisements released by the Australia and New Zealand Banking Group Limited (ANZ) presents the number of job advertisements in the major metropolitan newspapers and on the internet sites. It is used for forecasting employment growth in Australia as it indicates future labor market conditions.A high reading is seen as bullish (or postive) for the AUD, whereas a low reading is seen as bearish (or negative).]
[Sources used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]
Gold is currently trading Up $6.20 & is sitting at US$1,376.00/oz atm [Source: Kitco]
Oil is currently trading Up $1.22 & is sitting at US$89.25/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ $0.9932c against the US Dollar[Source: Forex. Live]
Have a great day trading today all.
Cheers, Tweets
Please click here to go to the 'Pre-Market thread'
- Forums
- ASX - Day Trading
- daytrades jan 11 morning ...
daytrades jan 11 morning ...
-
- There are more pages in this discussion • 166 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online