Good Morning Traders,US - Market Reflections - Tuesday, 7th...

Good Morning Traders,

US - Market Reflections - Tuesday, 7th June, 2011

The Dow couldn't hold up Tuesday, losing early gains to end fractionally lower at 12,070. Ben Bernanke may have been to blame, saying economic growth is still below trend. Oil ended at $99 with gold at $1,545.

Market Focus in the US this evening

Watch for afternoon reaction to the Beige Book which will offer timely anecdotal commentary on the economy.

[Sources used: bloomberg.com / nasdaq.com]
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The DJIA Index finished the trading session: Down 19.15 points; and
The All Ords are currently: Flat!
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Of note in the US this evening:

EIA Petroleum Status Report [Merits extra attention]

Beige Book [Merits extra attention]

Tom Hoenig speaks
[Kansas City Federal Reserve Bank President - Attends a business luncheon in Denver, Colorado.]

...AND...

Of note in Australia today:

Home Loans (Apr) [Merits extra attention]
[The Home Loans released by the Australian Bureau of Statistics presents the number of home loans. It indicates the housing market trend in Australia and a level of consumer confidence as large housing loans are taken out. A high reading is seen positive (or bullish) for the AUD, while a low reading is seen negative (or bearish).]

Westpac Consumer Confidence (Jun)
[The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute captures the level of sentiment that individuals have in economic activity reflecting respondents' evaluations of their family finances over the past and coming year, expectations about the one-year and five-year economic conditions and views about current buying conditions for major household items. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, whereas a low reading is seen as negative (or bearish).]

Investment Lending (Apr)
[The Investment lending released by the Australian Bureau of Statistics measures number of lendings to business enterprises including individual ones. A high reading anticipates growth in the Australian economy, and that is said to be positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

...AND...

Of note elsewhere today/this evening:

European Monetary Union - Gross Domestic Product s.a. (QoQ) (YoY) (Q1) [Market moving indicator]

New Zealand - RBNZ Interest Rate Decision (Jun 9) [Market moving indicator]

Japan - Eco Watchers Survey: Current & Outlook (May) [Merits extra attention]

Switzerland - Unemployment Rate n.s.a (MoM) (May) [Merits extra attention]

Germany - Trade Balance s.a. (Apr) [Merits extra attention]

Germany - Industrial Production s.a. w.d.a. (YoY) (Apr) [Merits extra attention]

Japan - Gross Domestic Product Annualized (Q1) [Merits extra attention]

Japan - Gross Domestic Product (QoQ) (Q1) [Merits extra attention]

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

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Gold is currently sitting trading Up $0.40 and is sitting at US$1,545.10oz atm;
Oil (Nymex Crude) is currently trading Up $0.62c atm and is sitting at US$99.71/bbl atm
The Dollar: The AUD is currently trading @ $1.0707c 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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