daytrades june 9 morning ...

Good morning Traders (thanks for the handover highlandlad),

Dow Snapshot

"Stocks staged a comeback late Tuesday, with the Dow and S&P 500 rallying near the end of a choppy session, following a surge in commodity and financial shares. Stocks churned in the morning, as investors weighed Federal Reserve Chairman Ben Bernanke's positive comments about the economy with continued fears about the global outlook. But by the early afternoon, the Dow and S&P had turned higher as investors eyed the rising euro and a rally in commodities." [Source: cnnmoney.com]

The DJIA Index last traded: Up 123.49 pts; and
The SPI Futures are currently: Up 7 pts atm.

Of Note in Australia Today:

Westpac Consumer Confidence (Jun) [Moderate volatility expected]
[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).]

National Australia Bank's Business Confidence (May) [Moderate volatility expected]
[The National Australia Bank Business Confidence is a survey of the current business condition in Australia. It indicates the performance of the overall Australian economy in a short-term view. A positive economic growth anticipates bullish movements for the AUD, whereas a negative growth is seen as bearish.]

National Australia Bank's Business Conditions (May)
[The NABs Business Conditions released by the National Australia Bank looks at trading, profitability and employment conditions in Australia. It serves as an indicator of overall economic situation in the short term. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

Home Loans (Apr)
[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).]

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).]

Of Note in the US this evening:

Ben Bernanke speaks (twice) [Market moving indicator]

EIA Petroleum Status Report [Merits extra attention]

Fed's Beige Book [Moderate volatility expected]

Gold Futures: Gold is Up $1.10 atm and trading at $1,235.90/oz (Kitco);
Oil Futures: Oil is Up $0.43 at $72.42/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.8242 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

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