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

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

'Market Focus' in the US this evening

"Ben Bernanke is not expected to rock the boat but talk of new accommodation is heavy." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from previous session (19.07.2010)

"Stocks rallied late in a choppy session with the Dow gaining 0.7 percent to 10,230. Earnings were once again on the soft side with Johnson & Johnson missing on sales. Economic data were mixed with housing starts weak but permits up while weekly store-sale reports were inconclusive. The dollar index gained 0.4 percent while the euro ended at $1.2900. Oil gained 1.1 percent to $77.77 while gold rose 0.8 percent to $1,192. The 30-year yield is 3.98 percent." [Source: nasdaq.com., Mark Pender]
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Please note the following 'Economic news' which is due out in the US this evening:-

Ben Bernanke speaks [ Market moving indicator]
[Federal Reserve Chairman - Testifying before the Senate Committee on Banking, Housing, and Urban Affairs, U.S. Senate for the Semiannual Monetary Policy Report to the Congress]

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.]

[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:-

RBA Foreign Exchange Transaction (Jun)
[The Foreign Exchange Transactionreleased by the Reserve Bank of Australia shows the movements of the exchange of the AUD for others, likewise others for the AUD. It indicates the climate of foreign investors into the AUD itself. This event causes volatility in the AUD. Generally, an increasing number of investments is seen as positive prospect of the Australian economy (or bullish sentiment for the AUD).]

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

... and the DOW futures are currently Down 9 pts atm (Live).