daytrades june 7 afternoon, page-27

2pm - 'Economic news' courtesy reminder time Traders!

'Market Focus' for this evening

"Watch for Asian reaction to the disappointing jobs report and also the latest out of Europe." [Source: Bloomberg., Mark Pender]

'Market Reflections' from previous session (04.06.2010)

"Rumors and comments out of Europe built talk of a double dip, talk that picked up after a disappointing jobs report that shows an early fall-off for the jobs recovery. Losses picked up steam late in the session with the S&P ending 3.4 percent lower at 1,064. The euro has broken under $1.2000, losing 2 cents and ending near $1.1950. The dollar index jumped 1.5 percent. Euro depreciation may give the region's exports a boost, but it may also push interest rates higher. Rates here have been falling steeply as funds move out of Europe. The 30-year yield fell 15 basis points in the session to 4.12 percent. Commodities fell steeply led by a $3-1/2 loss for oil to just over $71.00. Gold is holding its value, up nearly $20 to just under $1,220. " [Source: Bloomberg., Mark Pender]

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Please note the following 'Economic news' which is due out in the US this evening:-

Consumer Credit (Apr)
[The dollar value of consumer installment credit outstanding. Changes in consumer credit indicate the state of consumer finances and portend future spending patterns.]

4-Week Bill Announcement; 3-Month Bill Auction; and 6-Month Bill Auction
[Treasury bills are sold at public auctions every week.]

... AND ...

There is no 'Economic news' due to be released in Australia tomorrow.

[Sources: Bloomberg & fxstreet.com]
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ASX Market Watch (widget snapshot)

... and the DOW futures are currently Down 85 pts atm (Live); which is a bit better than what they were a few hours ago! (: