daytrades june 29 morning ...

Good Morning all (thanks Highlandlad),

US - Market Reflections - Tuesday 28th June, 2011

Very weak consumer confidence data couldn't dent the markets which continue to rally on expectations that Greece will adopt new austerity measures and lenders will accept new terms on existing debt. The Dow rose by more than one percent to 12,188. The gain cut into demand for the safety of Treasuries as did another disappointing auction, this time a 5-year offering that followed yesterday's soft 2-year offering. The yield on the 5-year note surged by 13 basis points to 1.58 percent. Oil firmed to $93 while gold edged back over $1,500. The euro continues to benefit from Greek hopes, up 1/2 percent with the dollar index in turn down 1/2 percent.

Market Focus in the US this evening

The National Association of Realtors has already promised us a strong pending home sales report for today so it would take a really strong one to move the markets.
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The DJIA Index finished the trading session: Up 145.13 points; and
The the SPI Futures are currently trading: Up 52 point.
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On the 'Economic news' front, please note the following:-

Of note in the US this evening:

Pending Home Sales Index

EIA Petroleum Status Report

Sarah Bloom Raskin speaks
[Federal Reserve Gov. - Speech on rebuilding road to financial stability at the New American Foundation 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:

European Monetary Union - Greek Austerity Plan Vote

Canada - Consumer Price Index (MoM) (YoY) (May)

United Kingdom - Consumer Credit (May)

United Kindgom - Mortgage Approvals (May)

European Monetary Union - Consumer Confidence (Jun)

Switzerland - KOF Leading Indicator (Jun)

Canada - Bank of Canada Consumer Price Index Core (YoY) (May)

United Kingdom - Gfk Consumer Confidence (Jun)

Japan - Nomura/ JMMA Manufacturing Puchasing Manager Index (Jun)


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

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Gold is currently sitting trading Down $1.70 atm and is sitting at US$1,500.40/oz atm;
Oil (Nymex Crude) is currently trading Up $0.21 atm and is sitting at US$93.10/bbl atm
The Dollar: The AUD is currently trading @ $1.0544c 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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