daytrades june 6 morning ...

Good Morning Traders (and welcome back again Highlandlad),

US - Market Reflections - Friday, 3rd June, 2011

The economic slowdown was punctuated by a surprisingly sharp slowdown in payroll growth, to 54,000 in May vs expectations for three times that much. But payrolls are still growing and the outlook for the economy points to incremental and sustainable growth, an outlook underscored by the ISM's non-manufacturing report where new orders climbed solidly at a rate, however, that's well below the robust pace of the first quarter. The Dow lost 3/4 of a percent to 12,151 and is now down 5 percent from its recovery peak at the end of April. Oil is still at $100 and with gold firm at $1,540.

Market Focus in the US this evening

Watch for Asian reaction to Friday's jobs slowdown.

[Sources used: bloomberg.com / nasdaq.com]
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The DJIA Index finished the trading session: Down 97.29 points; and
The All Ords are currently: Down 33 points atm.
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Of note in the US this evening:

Ben Bernanke speaks [Market moving indicator]
[Federal Reserve Chairman - Speech to the International Monetary Conference in Atlanta.]

Charles Plosser speaks
[Philadelphia Federal Reserve Bank President - Speech on central bank post-crisis policy to Global Interdependence Center in Helsinki.]

Richard Fisher speaks
[Dallas Federal Reserve President - Speaks at a Market News International seminar in New York.]

...AND...

Of note in Australia today:

TD Securities Inflation (MoM) (YoY) (May) [Merits extra attention]
[TD Securities Inflation released by The University of Melbourne - Faculty of Economics and Commerce estimates inflation in the Australian economy. The higher inflation, the stronger the effect it will have on a probability of a rate hike by the RBA. Generally speaking, a high reading should be taken as positive, or bullish, for the AUD, while a low reading is seen as negative or bearish.]

ANZ Job Advertisements (May)
[The ANZ job advertisements released by the Australia and New Zealand Banking Group Limited (ANZ) presents the number of job advertisements in the major metropolitan newspapers and on the internet sites. It is used for forecasting employment growth in Australia as it indicates future labor market conditions.A high reading is seen as bullish (or postive) for the AUD, whereas a low reading is seen as bearish (or negative).]

...AND...

Of note elsewhere today/this evening:

European Monetary Union - Producer Price Index (MoM) (YoY) (Apr) [Market moving indicator]

European Monetary Union - Sentix Investor Confidence (Jun) [Merits extra attention]

Canada - Ivey Purchasing Managers Index (May) [Merits extra attention]

[Sources used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]

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Gold is currently trading Down $0.80c atm and is sitting at US$1,543.20/oz;
Oil (Nymex Crude) is currently trading Down $0.02c atm and is sitting at US$100.20/bbl atm
The Dollar: The AUD is currently trading @ $1.0751c against the US Dollar

[Sources used: kitco.com; bloomberg.com; nasdaq.com & fxstreet.com]
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Have a great day.

Cheers, Tweets

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