Good Morning all (and welcome back Highlandlad),US - Market...

Good Morning all (and welcome back Highlandlad),

US - Market Reflections - Wednesday 22nd June, 2011

Disappointingly slow recovery together with no hint yet of QE3 are the central points of a poorly received FOMC. The Dow fell into the close, down 2/3 of a percentage point to 12,109. At $94, oil firmed slightly as did gold to $1,550. Concern over Greece pushed down the euro while giving the dollar index a nearly 1/2 percent boost.

Market Focus in the US this evening

Jobless claims are a dominant indicator right now for the health of the economy.

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The DJIA Index finished the trading session: Down 80.34 points; and
The the SPI Futures are currently trading: Down 19 points.
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On the 'Economic news' front, please note the following:-

Of note in the US this evening:

Jobless Claims

New Home Sales

Charles Evans speaks
[Chicago Federal Reserve Bank President - Weloming remarks to conference on state budgets under stress in Chicago.]

EIA Petroleum Status Report


Of note in Australia today:

Conference Board Australia Leading Index (Apr)


Of note elsewhere today/this evening:

European Monetary Union - EcoFin Meeting

China - HSBC Manufacturing PMI (Jun)

Switzerland - Trade Balance (May)

Germany - Purchasing Manager Index Services (Jun)

European Monetary Union - Purchasing Manager Index Services (Jun)

Euoropean Monetary Union - Purchasing Manager Index Manufacturing (Jun)

European Monetary Union - ECB Trichet's Speech


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

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Gold is currently sitting trading Up $0.10 atm and is sitting at US$1,548.10oz atm;
Oil (Nymex Crude) is currently trading Down $1.30 atm and is sitting at US$94.11/bbl atm
The Dollar: The AUD is currently trading @ $1.0562c 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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