daytrades july 20 afternoon, page-2

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

'Market Focus' in the US this evening

"Disappointing housing starts won't be a surprise." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from previous session (19.07.2010)

"Strong earnings from Halliburton gave a new boost to the second-quarter earnings season, helping to offset Friday's disappointments from General Electric and Bank of America. The S&P rose 0.6 percent to 1,071. Late results from IBM were mixed with sales on the soft side. Long rates edged higher with the 30-year yield ending at 3.99 percent. Oil rose 0.6 percent to $77 with gold down 0.8 percent to $1,183. The dollar was little changed as was the euro which ended at $1.2950." [Source: nasdaq.com., Mark Pender]
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Please note the following 'Economic news' which is due out in the US this evening:-

Housing Starts (YoY) (Jun) [ Market moving indicator]
[A housing start is registered at the start of construction of a new building intended primarily as a residential building. The start of construction is defined as the beginning of excavation of the foundation for the building.]

Bank of Canada Announcement [ Market moving indicator]
[The central bank of Canada periodically announces its monetary policy with regard to interest rates. The announcement conveys to the financial markets and investors if and what change in policy might be.]

Building Permits (MoM) (Jun) [ Merits extra attention]
[The Building Permits released by the US Census Bureau, at the Department of Commerce shows the number of permits for new construction projects. It implies the movement of corporate investments (US economic development). It tends to cause some volatility to the USD. Normally, the more growing number of permits, the more positive (or bullish) for the USD.]

Dan Tarullo speaks
[Federal Reserve Gov. - Testifies on international cooperation and financial regs before the Senate Banking Subcommittee on Security and International Trade and Finance.]

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.]

ABC/Washington Post Consumer Confidence (Jul 18)
[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).]

Redbook
[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
[Treasury bills are sold at public auctions every week.]

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

Westpac Leading Index (MoM) (May)
[The Westpac Leading Index released by the Melbourne Institute tracks nine gauges of economic activity, including share prices and telephone installations, to provide an indication of how the economy will perform. It tends to have an impact on the AUD volatility. Generally speaking, the more positive the reading, the better for the currency, 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 13 pts atm (Live).