daytrades june 21 morning ...

Good Morning all (and thanks again for opening up in Highlandlad's absence for the next few days poly & Libart),

US - Market Reflections - Monday 20th June, 2011

The market is pricing in success for Greece where the government this week is expected to win a confidence test and in turn pass new tax hikes and spending cuts. The Euro zone, which is threatening to hold back 12 billion euros in emergency loans, has given the country two weeks to adopt the measures.

Gains were centered in the stock market where the Dow rose more than a half percentage point to 12,080. Other markets show little change with oil ending at $93 and gold at $1,540. The euro is steady at $1.4300 against the dollar.

Market Focus in the US this evening

Continuing trouble for housing would be a greater risk to a now slowing economy.

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The DJIA Index finished the trading session: Up 76.02 points; and
The the SPI Futures are currently trading: Up 35 points.
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On the 'Economic news' front, please note the following:-

Of note in the US this evening:

Existing Home Sales


Of note in Australia today:

RBA Meeting's Minutes

Westpac Leading Index (MoM) (Apr)


Of note elsewhere today/this evening:

Germany - Producer Price Index (MoM) (YoY) (May)

Japan - All Industry Activity Index (MoM) (Apr)

United Kingdom - Public Sector Net Borrowing (May)

Germany - ZEW Survey - Economic Sentiment (Jun)

Germany - ZEW Survey - Current Situation (Jun)

European Monetary Union - ZEW Survey - Economic Sentiment (Jun)

Canada - Retail Sales (MoM) (Apr)

Canada - Leading Indicators (MoM) (May)

New Zealand - Current Account (Q1)


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

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Gold is currently sitting trading Down $1.00 atm and is sitting at US$1,539.50oz atm;
Oil (Nymex Crude) is currently trading Up $0.35c atm and is sitting at US$93.61/bbl atm
The Dollar: The AUD is currently trading @ $1.0609c 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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