daytrades june 16 morning ...

Morning all (thanks for the handover highlandlad),

Dow Snapshot

"Stocks surged Tuesday, pushing the Dow up over 200 points, as worries about Europe's debt woes hurting U.S. growth eased and the euro rallied. Stocks gained from the get go Tuesday, as strength in European markets and a rally in the euro reassured investors worried about how global growth will impact the U.S. Solid demand for government debt auctioned in Spain, Belgium and Ireland helped take the edge off euro zone growth worries."[Source: cnnmoney.com]

The DJIA Index finished Friday's session: Up 213.88 pts; and
The SPI Futures are currently: Up 68 pts atm.

Of Note in Australia today:

Westpac Leading Index (MoM) (Apr)
[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)];

Housing Starts (QoQ) (Q1)
[The Housing Starts released by the Australian Bureau of Statistics captures how many new single-family homes or buildings were constructed. It shows the strength of the Australian housing market, which can be considered as a whole economy due to Housing Starts' sensitivity to changes in the business cycle. Generally speaking, a high reading is seen as positive, or bullish for the AUD, while a low reading is seen as negative, or bearish.];

Of Note in the US tonight:

Housing Starts [Market moving indicator];

Producer Price Index [Market moving indicator];

Ben Bernanke speaks on financial reforms [Market moving indicator];

EIA Petroleum Status Report [Merits extra attention];

Building Permits (MoM) (May) [Moderate volatility expected];

Gold Futures: Gold is Down $1.30 atm and is currently sitting at $1,233.10/oz (Kitco);
Oil Futures: Oil is Up $0.20 at $77.14/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.8636 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

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