daytrades june 24 morning ...

Good Morning all (thanks Highlandlad),

US - Market Reflections - Thursday 23rd June, 2011

Extending disappointment from yesterday's FOMC decision together with a disappointing rise in weekly jobless claims pushed the Dow 1/2 percentage point lower to 12,050. The Dow had been down over a full percentage point before Reuters broke a story saying Greece and its lenders have reached agreement on a five-year austerity plan. The report pulled the euro off lows and the dollar off highs.

The release of oil from strategic reserves sent oil down more than $2 to just under $92. The move is adding bearish momentum to a market hit by the absence of QE3 and by a wave of soft economic data. Commodities in general fell including a $30 dip for gold to $1,520.

Market Focus in the US this evening

A decline in durable goods orders for May would be a surprise given how steeply orders fell in April.
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The DJIA Index finished the trading session: Down 59.67 points; and
The the SPI Futures are currently trading: Up (wow, lol) 1 point.
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On the 'Economic news' front, please note the following:-

Of note in the US this evening:

Durable Goods Orders

GDP


Of note in Australia today:

Please note there is no key data due to be reported in Australia today.


Of note elsewhere today/this evening:

European Monetary Union - EcoFin Meeting

Germany - IFO - Current Assessment (Jun)

Germany - IFO - Expectations (Jun)

Germany - IFO - Business Climate (Jun)

United Kingdom - BoE's Governor King Speech


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

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Gold is currently sitting trading Up $1.20 atm and is sitting at US$1,521.90oz atm;
Oil (Nymex Crude) is currently trading Up $0.82 atm and is sitting at US$91.84/bbl atm
The Dollar: The AUD is currently trading @ $1.0540c 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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