Good Morning Traders,
US - Market Reflections - Wednesday, 8th June, 2011
OPEC's surprise decision not to increase oil output and help ease pressure on prices pushed West Texas Intermediate up a couple of dollars to $99. Though Saudi Arabia failed to push through the increase against the opposition of Venezuela, Iran, and Iraq -- all of which are already operating at full capacity -- oil supplies remain abundant relative to demand, illustrated by the session's weekly petroleum data where increased refinery output ended up swelling gasoline inventories. But high fuel prices remain a negative for the economy reflected in another decline for the Dow which posted a fractional loss to 12,054.
Market Focus in the US this evening
Initial jobless claims will begin setting up expectations for the June employment report.
[Sources used: bloomberg.com / nasdaq.com]
____________________________________________
The DJIA Index finished the trading session: Down 21.87 points; and
The All Ords are currently trading: Down 20 points.
____________________________________________
Of note in the US this evening:- BOE Announcement [
Market moving indicator]
- ECB Announcement [
Market moving indicator]
- International Trade [
Market moving indicator]
- Jobless Claims [
Market moving indicator]
- Charles Plosser speaks
[Philadelphia Federal Reserve Bank President - Speech on the economic outlook to the Society of Business Economists in London.]- Janet Yellen speaks
[Federal Reserve Bank Vice Chair - Speech to the Cleveland Federal Reserve Bank Policy Forum on housing in Cleveland.]
...AND...
Of note in Australia today:- Unemployment Rate s.a. (May) [
Market moving indicator]
[The Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy. A decrease of the figure is seen as positive (or bullish) for the AUD, while an increase is seen as negative (or bearish).]- Employment Change s.a. (May) [
Market moving indicator]
[The Employment Change released by the Australian Bureau of Statistics is a measure of the change in the number of employed people in Australia. Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]
...AND...
Of note elsewhere today/this evening:- United Kingdom - BoE Asset Purchase Facility (Jun 9); and BoE Interest Rate Decision (Jun 9) [
Market moving indicator]
- European Monetary Union - ECB Interest Rate Decision (Jun 9); and ECB Press Conference [
Market moving indicator]
- United Kingdom - Trade Balance; non-EU (Apr) [
Merits extra attention]
- United Kingdom - Goods Trade Balance (Apr) [
Merits extra attention]
- Canada - International Merchandise Trade (Apr) [
Merits extra attention]
- Japan - Tertiary Industry Index (MoM) (Apr) [
Merits extra attention]
[Sources used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]
_____________________________________________
Gold is currently sitting trading Down $1.50 and is sitting at US$1,536.10oz atm;
Oil (Nymex Crude) is currently trading Up $0.38c atm and is sitting at US$101.12/bbl atm
The Dollar: The AUD is currently trading @ $1.0647c against the US Dollar
[Sources used: kitco.com; bloomberg.com; nasdaq.com & fxstreet.com]
____________________________________________
Have a great day.
Cheers, Tweets
Please click here to go to the 'Pre-Market thread'
- Forums
- ASX - Day Trading
- daytrades june 9 morning ...
daytrades june 9 morning ...
-
- There are more pages in this discussion • 160 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online