daytrades june 17 morning ...

Good Morning all,

US - Market Reflections - Thursday 16th June, 2011

Though the situation in Greece is uncertain and still unfolding, assurances of temporary support from both Europe and the International Monetary Fund gave a boost to the Dow which rose 1/2 percent to 11,961. Good economic news also helped including a rise for housing starts and permits and especially a dip in jobless claims. Bad news came from the Philly Fed which, confirming yesterday's Empire State weakness, reports contraction this month in its regional manufacturing economy. Oil held steady near $95 with gold steady at $1,530. The euro rose on the day making for a slight loss on the dollar index.

Market Focus in the US this evening

The unfolding of events in Greece will continue to grip the markets.

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The DJIA Index finished the trading session: Up 64.25 points; and
The the SPI Futures are currently trading: Up (must be our lucky day, lol) 9 points.
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On the 'Economic news' front, please note the following:-

Of note in the US this evening:

Quadruple Witching

Consumer Sentiment


Of note in Australia today:

There is no key data expected to be released in Australia today.


Of note elsewhere today/this evening:

European Monetary Union - ECB Monthly Report

European Monetary Union - Trade Balance (Apr)


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

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Gold is currently sitting trading Down $0.50 and is sitting at US$1,528.70oz atm;
Oil (Nymex Crude) is currently trading Up $0.32c atm and is sitting at US$95.27/bbl atm
The Dollar: The AUD is currently trading @ $1.0570c against the US Dollar

Sources used above: bloomberg.com; nasdaq.com; dailyfx.com; fxstreet.com; & kitco.com
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Have a great day.

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