daytrades june 27 morning ...

Good Morning all (thanks Highlandlad),

US - Market Reflections - Friday 24th June, 2011

Old worries over Greece and new worries over Greek-related trouble for Italian banks moved investors on Friday toward safety. The Dow is once again under 12,000, down one percent on the day to 11,934. Buyers of Treasuries are accepting lower yields especially for intermediate maturities including the 5-year note where the yield fell a steep six basis points to 2.11 percent. Demand for the dollar is on the increase with the dollar index up 1/4 of a percent. The euro slid 1/2 percent against the dollar to end the week at $1.4180. Doubts over economic strength continue to weigh on commodities including oil, down $1 at $91, and gold down $20 at $1,500.

Market Focus in the US this evening

Watch for data on personal income and whether consumers are keeping up with inflation.
____________________________________________

The DJIA Index finished the trading session: Down 115.42 points; and
The the SPI Futures are currently trading: Down 41 point.
____________________________________________

On the 'Economic news' front, please note the following:-

Of note in the US this evening:

Personal Income and Outlays

Narayana Kocherlakota speaks
[Speech on leverage subsidies to the Tri-State Bankers Summit in Big Sky, Montana.]

Thomas Hoenig speaks
[Kansas Federal Reserve Bank President - Speech on systemically-important financial institutions to a conference on the Dodd-Frank reform in Washington. ]


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:

Japan - Retail Trade (YoY) (May)

Japan - Large Retailer's Sales (May)


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

_____________________________________________

Gold is currently sitting trading Down $0.50 atm and is sitting at US$1,501.80oz atm;
Oil (Nymex Crude) is currently trading Down $0.41 atm and is sitting at US$90.75/bbl atm
The Dollar: The AUD is currently trading @ $1.0470c against the US Dollar

Sources used above: bloomberg.com; nasdaq.com; dailyfx.com; fxstreet.com; & kitco.com
____________________________________________

Have a great day.

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