daytrades july 15 morning ...

Thanks Highlandlad and Good Morning all,

US - Market Reflections - Thursday 14th July, 2011

Ben Bernanke cleared things up today, saying new stimulus isn't in the cards right now and wouldn't be implemented unless the economy takes a serious turn south. The stock market had been up early in the session helped by a dip in jobless claims, but Bernanke's midday comments made for a nearly 1/2 percent loss for the Dow to 12,437. Rates backed up on Bernanke's comments with the 30-year yield up eight basis points to 4.25 percent. Oil ended at $97 with gold firm at $1,585 after briefly testing record ground over $1,590. The dollar was little changed.

Market Focus in the US this evening

Empire state will offer the first anecdotal look at manufacturing during July while industrial production will offer the first definitive look at June.
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The DJIA Index finished the trading session: Down 54.49 points; and
The the SPI Futures are currently trading: Down 9 points.
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On the 'Economic news' front, please note the following:-

Of note in the US this evening:

Consumer Price Index

Industrial Production

Empire State Mfg Survey

Consumer Sentiment


Of note in Australia today:

There is no key data being released in Australia today.


Of note elsewhere today/this evening:

European Monetary Union - Bank Stress Test Info
[The objective of the extended stress test exercise, done by the Committee of European Banking Supervisors (CEBS), is to assess the overall resilience of the EU banking sector and the banks' ability to absorb further possible shocks on credit and market risks, including sovereign risks, and to assess the current dependence on public support measures. The exercise is being conducted on a bank-by-bank basis using commonly agreed macro-economic scenarios (baseline and adverse) for 2010 and 2011, developed in close cooperation with the ECB and the European Commission.]


- denotes: Market Moving Indicator
- denotes: Merits Extra Attention

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Gold is currently sitting trading Down $0.20 atm and is sitting at US$1,586.80/oz atm;
Oil (Nymex Crude) is currently trading Up $0.18 atm and is sitting at US$95.87/bbl atm
The Dollar: The AUD is currently trading @ $1.0738c against the US Dollar

Sources used above include: bloomberg.com; nasdaq.com; dailyfx.com; fxstreet.com; & kitco.com
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Have a great day!

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