daytrades june 10 morning ...

Good morning Traders (thanks for the handover highlandlad),

First of all, an early reminder:

Don't forget we have a (Queen's Birthday) long weekend coming up this weekend! (:

Dow Snapshot

"Stocks finished in the red Wednesday, failing to sustain earlier gain in the last hour of trade, as investors ditched energy shares amid ongoing concerns about BP's ability to survive the Gulf oil spill. BP remained in the spotlight Wednesday, Day 51 of the oil spill disaster, as investors continued to worry how the company will weather the costs of leak. The company's stock sank more than 16% Wednesday." [Source: cnnmoney.com]

The DJIA Index last traded: Down 40.73 pts; and
The SPI Futures are currently: Down 11 pts atm.

Of Note in Australia Today:

Unemployment Rate (May) [High volatility expected]
[The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).]

Employment Change (May) [High volatility expected]
[The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

Consumer Inflation Expectation (Jun)
[The Consumer Inflation Expectation released by the Melbourne Institute presents the consumer expectations of future inflation during the next 12 months. The higher expectations, the stronger the effect they will have on a probability of a rate hike by the RBA. Therefore, a high reading should be taken as positive, or bullish, for the AUD, while a low expectations are seen as negative or bearish.]

Of Note in the US this evening:

International Trade [Market moving indicator]

Jobless Claims [Merits extra attention]

EIA Natural Gas Report [Merits extra attention]

Treasury Budget [Merits extra attention]

New Housing Price Index [Moderate volatility expected]

Gold Futures: Gold is Down $1.20 atm and trading at $1,231.90/oz (Kitco);
Oil Futures: Oil is Down $0.54 at $73.84/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.8299 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

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