daytrades july 16 afternoon, page-2

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

'Market Focus' in the US this evening

"The twice monthly consumer sentiment report has yet to show the weakness of the monthly consumer confidence report. A drop in the sentiment index would round out a very bad week for economic news." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from previous session (15.07.2010)

"Thursday was a second bad day for economic news. This time it's the manufacturing sector where growth may be slowing abruptly given dips in the Empire State and Philadelphia Fed reports and a drop in the manufacturing component of the industrial production report. The manufacturing sector has been the recovery's center of strength. Stocks were lower through most of the session before rallying at the close on reports that Goldman Sachs has reached a settlement with the Securities and Exchange Commission. The Dow ended fractionally lower at 10,359.

Today also saw Senate passage of financial reform, reform that will give the government greater power to split up large firms and will establish a consumer protection agency. Financial shares showed no reaction to the passage.

The weak economic news pushed the dollar down hard for a second day, losing 1.1 percent on the dollar index. The weakness in the dollar made for a 1.4 percent surge in the euro to $1.2925. Rates moved lower for a second day with the 30-year yield down six basis points to 3.97 percent. Most commodities fell back with oil down 0.5 percent to $77.03. Gold fell 0.3 percent to $1,209." [Source: nasdaq.com., Mark Pender]
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Please note the following 'Economic news' which is due out in the US this evening:-

Consumer Price Index [Market moving indicator]
[The Consumer Price Index is a measure of the average price level of a fixed basket of goods and services purchased by consumers. Monthly changes in the CPI represent the rate of inflation.]

Treasury International Capital [ Merits extra attention]
[These Treasury data track the flows of financial instruments into and out of the United States. Instruments tracked include Treasury securities, agency securities, corporate bonds, and corporate equities.]

Consumer Sentiment [ Merits extra attention]
[The University of Michigan's Consumer Survey Center questions 500 households each month on their financial conditions and attitudes about the economy. Consumer sentiment is directly related to the strength of consumer spending. Consumer confidence and consumer sentiment are two ways of talking about consumer attitudes. Among economic reports, consumer sentiment refers to the Michigan survey while consumer confidence refers to The Conference Board's survey.]

Total Net TIC Flows (May)
[The total Net TIC Flows is released by the US Department of Treasury. TIC stands for Treasury International Capital. It shows in and out flows of financial resources in the United States. The TIC flows is one of the major events in the market, as it is seen by most participants as the Government resource for offsetting the current Trade Deficit. Generally speaking, a high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish).]

Net Long-term TIC Flows (May)
[The total Net TIC Flows is released by the US Department of Treasury. TIC stands for Treasury International Capital. It shows in and out flows of financial resources in the United States. The TIC flows is one of the major events in the market, as it is seen by most participants as the Government resource for offsetting the current Trade Deficit. Generally speaking, a high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish).]

[Sources: nasdaq.com & fxstreet.com]
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... AND ...
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Please note there is no noteworthy 'Economic news' due to be released in Australia on Monday.

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

... and the DOW futures are currently Down 15 pts atm (Live).