1pm - 'Economic news' courtesy reminder time Traders!
'Market Focus' in the US this evening
"Watch for supply of new homes on the market. Supply on the existing side is swelling." [Source: nasdaq.com., Mark Pender]
'Market Reflections' from previous session (23.07.2010)
"The test results are in but the jury is still out over the health of the European banking system. The great majority of banks passed the tests with no surprises. Yet doubts over the rigor of the tests are not going away. The lack of surprise gave a boost to the stock market where the Dow rose 1.0 percent to 10,424. The euro showed no reaction ending just above $1.2900. Oil gave back 0.4 percent of its recent gains to end just below $79. Gold slipped 0.5 percent to just below $1,190. The 30-year Treasury yield ended the week at 4.01 percent." [Source: nasdaq.com., Mark Pender] ______________________________________________________
Of note in the US this evening:-
New Home Sales (MoM) (Jun) [ Merits extra attention] [New home sales measure the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends and, in turn, economic momentum and consumer purchases of furniture and appliances.]
4-Week Bill Announcement; 3-Month Bill Auction; and 6-Month Bill Auction [Treasury bills are sold at public auctions every week.] ______________________________________________________
... AND ... ______________________________________________________
Please note the following 'Economic news' which is due to be released in Australia tomorrow:-
Conference Board Australia Leading Index (May) [The Conference Board Australia leading Index released by the Conference Board measures future trends of the overall economic activity including employment, average manufacturing workweek, initial claims, permits for new housing construction, stock prices and yield curve. It forecasts short to mid-term growth in the Australian economy. Generally, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]
1pm - 'Economic news' courtesy reminder time Traders!
Merits extra attention]
