daytrades july 5 morning ...

Thanks Endless, 'Get Well Soon' wishes to Highlandlad (so happy to read the Op. went well hll) ... and Good Morning all,

US - Market Reflections - Monday 4th July, 2011

There are no market reflections from trading yesterday as the US markets were closed for the US Independence Day holiday.

Market Focus in the US this evening

Watch whether a price-related decline for non-durable goods, specifically energy products, cuts into today's factory orders report.
____________________________________________

The DJIA Index finished it's last trading session: Up 168.43 points; and
The the SPI Futures are currently trading: Up 18 point.
____________________________________________

On the 'Economic news' front, please note the following:-

Of note in the US this evening:

Factory Orders


Of note in Australia today:

RBA Interest Rate Decision (Jul 5)
[RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.]

AiG Performance of Services Index (Jun)
[AiG Performance of Services Index released by the Australian Industry Group presents business conditions in the Australian service sector. The group surveys 200 manufacturers on their assessment of the business situation including employment, production, orders, prices, and inventories, and their short-term planning. A result above 50 is seen as positive (or bullish) for the AUD, whereas a result below 50 is seen as negative (or bearish).]

Trade Balance (May)
[The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.]


Of note elsewhere today/this evening:

Japan - Labor Cash Earnings (YoY) (May)

Germany - Purchasing Manager Index Services (Jun)

European Monetary Union - Purchasing Manager Index Services (Jun)

United Kingdom - Purchasing Manager Index Services (Jun)

European Monetary Union - Retail Sales (MoM) (YoY) (May)


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

_____________________________________________

Gold is currently sitting trading Down $1.40 atm and is sitting at US$1,494.90/oz atm;
Oil (Nymex Crude) is currently trading Up $0.23 atm and is sitting at US$95.17/bbl atm
The Dollar: The AUD is currently trading @ $1.0743c against the US Dollar

Sources used above: bloomberg.com; nasdaq.com; dailyfx.com; fxstreet.com; & kitco.com
____________________________________________

Have a great day.

Please click here to go to the 'Pre-Market thread'