1pm - 'Economic news' courtesy reminder time Traders!
'Market Focus' in the US this evening
"Another dip for exports in today's trade report could raise concern over foreign demand." [Source: nasdaq.com., Mark Pender]
'Market Reflections' from previous session (12.07.2010)
"A lack of economic data made for quiet trading Monday. After the close, aluminum maker Alcoa posted solid earnings and raised its projection for aluminum consumption. The S&P ended fractionally higher at 1,078. Oil edged $1 lower to $75 while gold lost $10 to $1,200." [Source: nasdaq.com., Mark Pender] ______________________________________________________
Please note the following 'Economic news' which is due out in the US this evening:-
International Trade [ Market moving indicator] [International trade is composed of merchandise (tangible goods) and services. It is available nationally by export, import and trade balance. Merchandise trade is available by export, import and trade balance for six principal end-use commodity categories and for more than one hundred principal Standard International Trade Classification (SITC) system commodity groupings. Data are also available for 36 countries and geographic regions. Detailed information is reported on oil and motor vehicle imports. Services trade is available by export, import and trade balance for seven principal end-use categories.]
Treasury Budget [ Merits extra attention] [The U.S. Treasury releases a monthly account of the surplus or deficit of the federal government. Changes in the budget balance of the annual fiscal year (which begins in October) are followed as an indicator of budgetary trends and the thrust of fiscal policy.]
ABC/Washington Post Consumer Confidence (Jul 11) [ Moderate volatility expected] [The ABC/Washington Post Consumer Confidence released by ABC News and the Washington Post captures the level of confidence that individuals have in economic activity reflecting respondents' evaluations of their personal financial situation. Generally, a high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).]
ICSC-Goldman Store Sales [This weekly measure of comparable store sales at major retail chains, published by the International Council of Shopping Centers, is related to the general merchandise portion of retail sales. It accounts for roughly 10 percent of total retail sales.]
Redboook [A weekly measure of sales at chain stores, discounters, and department stores. It is a less consistent indicator of retail sales than the weekly ICSC index.]
4-Week Bill Auction; and 10-Yr Note Auction [Treasury bills are sold at public auctions every week; and Treasury notes are sold at regularly scheduled public auctions.]
... AND ... ______________________________________________________
Please note that the following 'Economic news' which is due to be released in Australia tomorrow:-
Westpac Consumer Confidence (Jul) [ Moderate volatility expected] [The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute captures the level of sentiment that individuals have in economic activity reflecting respondents' evaluations of their family finances over the past and coming year, expectations about the one-year and five-year economic conditions and views about current buying conditions for major household items. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, whereas a low reading is seen as negative (or bearish).]
1pm - 'Economic news' courtesy reminder time Traders!
Market moving indicator]
Merits extra attention]
