daytrades july 14 afternoon, page-2

Thanks Endless!

1pm - 'Economic news' courtesy reminder time Traders!

'Market Focus' in the US this evening

"Another weak month for retail sales could puncture the optimism over second-quarter earnings." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from previous session (13.07.2010)

"Yesterday's strong results from Alcoa are raising confidence in the second-quarter earnings season and fed a 1.4 percent gain for the Dow to 10,363. After today's close, Intel posted even stronger results pointing to overnight gains for global markets. Commodities rose with stocks with oil up $2 to $77. Demand for the safety of Treasuries eased with the 30-year yield up 5 basis points to 4.11 percent. Yet demand for the safety of gold held firm, up $10 higher at $1,210." [Source: nasdaq.com., Mark Pender]
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Please note the following 'Economic news' which is due out in the US this evening:-

FOMC Minutes [ High volatility expected]
[FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.]

Retail Sales [ Market moving indicator]
[Retail sales measure the total receipts at stores that sell durable and nondurable goods. Consumer spending accounts for two-thirds of GDP and is therefore a key element in economic growth.]

EIA Petroleum Status Report [ Merits extra attention]
[The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.]

MBA Purchase Applications
[The Mortgage Bankers' Association compiles various mortgage loan indexes. The purchase applications index measures applications at mortgage lenders. This is a leading indicator for single-family home sales and housing construction.]

Import and Export Prices
[Import price indexes are compiled for the prices of goods that are bought in the United States but produced abroad and export price indexes are developed for the prices of goods sold abroad but produced domestically. These prices indicate inflationary trends in internationally traded products.]

Business Inventories
[Business inventories are the dollar amount of inventories held by manufacturers, wholesalers, and retailers. The level of inventories in relation to sales is an important indicator of the near-term direction of production activity. (Bureau of the Census)]

30-Yr Bond Auction
[Treasury notes are sold at regularly scheduled public auctions.]

[Sources: nasdaq.com & fxstreet.com]
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... AND ...
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Please note that the following 'Economic news' which is due to be released in Australia tomorrow:-

Consumer Inflation Expectation (Jul) [ Moderate volatility expected]
[The Consumer Inflation Expectation released by the Melbourne Institute presents the consumer expectations of future inflation during the next 12 months. The higher expectations, the stronger the effect they will have on a probability of a rate hike by the RBA. Therefore, a high reading should be taken as positive, or bullish, for the AUD, while a low expectations are seen as negative or bearish.]

New Motor Vehicle Sales (MoM) (YoY) (Jun)
[The New Motor Vehicle Sales released by the Australian Bureau of Statistics measures motor vehicle sales in Australia. It is considered as an indicator for consumer confidence. It is worth noting that motor vehicle sales are a small component of the overall Australian economy. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

[Sources: nasdaq.com & fxstreet.com]
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ASX Market Watch (widget snapshot)

... and the DOW futures are currently Up 68 pts atm (Live).