daytrades may 17 morning ...

Good morning Traders (thanks for the handover highlandlad),

Dow Snapshot

"Stocks slumped Friday on worries that Europe's economic woes could spread to the United States, while the euro fell to 18-month lows versus the dollar and gold hit fresh records. Despite the drop, the three major indexes finished higher for the week. Investors dumped stocks and fled to safe-haven areas of the market such as the dollar, gold and government debt." "Another tough week for the markets has left investors wary of equities and more focused on bonds, gold and the dollar.Worries that Europe's debt crisis will spread have driven the selling. At the same time, stocks are amidst what some analysts say is an unsurprising pullback after a 14-month advance." [Source: cnnmoney.com]

The DJIA Index finished the session: Down 162.79 pts; and
The SPI Futures are currently: Down 79 pts atm.

Of Note in Australia Today:

There is no 'Economic news' due to be released in Australia today; and

Of Note in the US tonight:

Treasury International Capital (Merits extra attention); and

Housing Market Index (Merits extra attention)

[Sources: Bloomberg & fxstreet.com]

Gold Futures: Gold is Up $4.00 atm and is currently sitting at $1,235.40/oz (Kitco);
Oil Futures: Oil is Down $0.08 at $71.53/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.8845 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

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