Good morning Traders (thanks for the handover highlandlad), Dow...

Good morning Traders (thanks for the handover highlandlad),

Dow Snapshot

"Stocks recovered from deep losses posted earlier in the session but ended lower Wednesday, as investors welcomed the Fed's forecast of an improving economy amid lingering fears about the global economy." "The euro zone's fiscal troubles remained in the spotlight for most of Wednesday following Germany's announcement that it will ban 'naked' short selling. But the Fed's minutes released later in afternoon lifted the central bank's outlook for the economy, and in turn boosted investor confidence and prompted U.S. stocks to regain some ground." [Source: cnnmoney.com]

The DJIA Index finished the session: Down 66.58 pts; and
The SPI Futures are currently: Up 7 pts atm.

Of Note in Australia Today:

Consumer Inflation Expectation
[The Consumer Inflation Expectation released by the Melbourne Institute presents the consumer expectations of future inflation during the next 12 months. The higher expectations, the stronger the effect they will have on a probability of a rate hike by the RBA. Therefore, a high reading should be taken as positive, or bullish, for the AUD, while a low expectations are seen as negative or bearish.]

Average Weekly Wages (QoQ) (YoY) (Feb)
[The Average Weekly Wages released by the Australian Bureau of Statistics is an indicator of labor cost inflation and of the tightness of labor markets. The Reserve Bank of Australia pays close attention to it when setting interest rates. A high reading is positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]

RBA Foreign Exchange Transaction
[The Foreign Exchange Transactionreleased by the Reserve Bank of Australia shows the movements of the exchange of the AUD for others, likewise others for the AUD. It indicates the climate of foreign investors into the AUD itself. This event causes volatility in the AUD. Generally, an increasing number of investments is seen as positive prospect of the Australian economy (or bullish sentiment for the AUD).]

Of Note in the US tonight:

Jobless Claims (Merits extra attention)

EIA Natural Gas Report (Merits extra attention)

Philadelphia Fed Manufacturing Survey (May) (Merits extra attention)

[Sources: Bloomberg & fxstreet.com]

Gold Futures: Gold is Up $4.20 atm and is currently sitting at $1,195.60/oz (Kitco);
Oil Futures: Oil is Up $1.08 at $70.95/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.8465 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

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