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

Good morning Traders (thanks for the handover highlandlad),

Dow Snapshot

"Stocks ended higher Friday, finding momentum at the end of a very choppy session in which concerns about global growth vied with investor willingness to scoop up shares beaten down in the recent sell-off. But selling earlier in the week left the major gauges lower for the week, with the Dow and S&P 500 both down around 4% and the Nasdaq off around 5%. Stocks were volatile through the session as worries about the European economy and the weak euro were countered by some buying interest now that the market is more than 10% off 2010 highs. A decline of more than 10% on a closing basis is technically considered to be a correction." [Source: cnnmoney.com]

The DJIA Index finished the session: Up 125.38 pts; and
The SPI Futures are currently: Up 58 pts atm.

Of Note in Australia Today:

New Motor Vehicle Sales (MoM) (YoY) (Apr)
[The New Motor Vehicle Sales released by the Australian Bureau of Statistics measures motor vehicle sales in Australia. It is considered as an indicator for consumer confidence. It is worth noting that motor vehicle sales are a small component of the overall Australian economy. Generally speaking, 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 in the US tonight:

Existing Home Sales [Market moving indicator]

[Sources: Bloomberg & fxstreet.com]

Gold Futures: Gold is Up $4.80 atm and is currently sitting at $1,181.80/oz (Kitco);
Oil Futures: Oil is Up $0.18 at $70.22/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.8269 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

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