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

Good morning Traders (thanks for the handover highlandlad),

Dow Snapshot

"Stocks erased most losses by the close Tuesday, with the Dow ending down just 22 points after having fallen close to 300 points earlier in the session, as worries about the global economy were tempered. Stocks had been hit hard through the early afternoon, but began to recover late in the session, with investors nibbling at bank and select technology and consumer issues." [Source: cnnmoney.com]

The DJIA Index finished the session: Down 22.82 pts; and
The SPI Futures are currently: Up 65 pts atm.

Of Note in Australia Today:

Westpac Leading Index (MoM) (Mar)
[The Westpac Leading Index released by the Melbourne Institute tracks nine gauges of economic activity, including share prices and telephone installations, to provide an indication of how the economy will perform. It tends to have an impact on the AUD volatility. Generally speaking, the more positive the reading, the better for the currency, while a low reading is seen as negative (or bearish)];

Construction Work Done (Q1)
[The Construction Work Done released by the Australian Bureau of Statistics measures the number of construction work done in the last month. It is a key indicator of the Australian construction sector. 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:

Durable Goods Orders [Market moving indicator];

New Home Sales [Merits extra attention]; and

EIA Petroleum Status Report [Moderate volatility expected]

[Sources: Bloomberg & fxstreet.com]

Gold Futures: Gold is Up $2.10 atm and is currently sitting at $1,203.30/oz (Kitco);
Oil Futures: Oil is Up $1.28 at $70.03/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.8261 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

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