daytrades may 13 morning ...

Good morning Traders (thanks for the handover highlandlad),

Dow Snapshot

"Stocks rallied Wednesday, with the Dow logging triple-digit gains, as European debt noise faded and investors focused on an improving domestic economy and corporate earnings. The Dow Jones industrial average (INDU) gained 149 points, or 1.4%, ending for the first time above last Wednesday's close, before turmoil swept through the market, culminating in last Thursday's flash crash." [Source: cnnmoney.com]

The DJIA Index finished the session: Up 148.65 pts; and
The SPI Futures are currently: Up 59 pts atm.

Of Note in Australia Today:

Unemployment Rate (Apr) (Moderate volatility expected)
[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 (Apr) (Moderate volatility expected)
[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).]

Of Note in the US tonight:

Ben Bernanke speaks (Market moving indicator);

Jobless Claims (Merits extra attention); and

EIA Natural Gas Report (Merits extra attention); and

[Sources: Bloomberg & fxstreet.com]

Gold Futures: Gold is Up $0.90 atm and is currently sitting at $1,238.00/oz (Kitco);
Oil Futures: Oil is Up $0.02 at $75.67/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.8950 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

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