daytrades may 12 morning ...

Good morning Traders (thanks for the handover highlandlad),

Dow Snapshot

"Stocks seesawed Tuesday, losing steam late in a volatile session, as investors welcomed Europe's $1 trillion aid package, but showed caution amid the recent market turmoil. The Dow Jones industrial average (INDU) lost 35 points, or 0.3%, after having been down nearly 100 points and then up 89 points earlier in the session. The S&P 500 index (SPX) lost 4 points, or 0.3% and the Nasdaq composite (COMP) was little changed.Stocks lost steam in the last hour of trade as investors, cautious after Monday's huge rally, continued to digest the European aid package." [Source: cnnmoney.com]

The DJIA Index finished the session: Down 36.88 pts; and
The SPI Futures are currently: Up 20 pts atm.

Of Note in Australia Today:

Home Loans (Mar)
[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 (Mar)
[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 tonight:

International Trade (Market moving indicator);

EIA Petroleum Status Report (Merits extra attention); and

Treasury Budget (Merits extra attention)


[Sources: Bloomberg & fxstreet.com]

Gold Futures: Gold is Down $0.80 atm and is currently sitting at $1,230.60/oz (Kitco);
Oil Futures: Oil is Down $0.45 at $75.92/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.8955 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

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