daytrades may 6 morning ...

Good morning Traders (thanks for the handover highlandlad),

Dow Snapshot

"Stocks extended losses to end sharply lower Wednesday, amid more signs of a deepening crisis in Europe. Moody's said it was considering a downgrade of Portugal's debt, while three people were reported dead due to riots in Greece." [Source: cnnmoney.com]

The DJIA Index finished the session: Down 58.65 pts; and
The SPI Futures are currently: Down 54 pts atm.

Of Note in Australia Today:

Retail Sales Trend (MoM) (Mar) (Moderate volatility expected)
[The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it''s considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the AUD, while a low reading is seen as negative or bearish.];

Trade Balance (Mar) (Moderate volatility expected)
[The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD.];

Of Note in the US tonight:

Jobless Claims (Merits extra attention);

Productivity & Costs (Merits extra attention);

EIA Natural Gas Report (Merits extra attention);

Ben Bernanke speaks to the Chicago Federal Reserve Bank 46th Annual Conference on Bank Structure (Merits extra attention);

[Sources: Bloomberg & fxstreet.com]

Gold Futures: Gold is Down $0.30 atm and is currently sitting at $1,175.30/oz (Kitco);
Oil Futures: Oil is Up $0.22 at $80.19/barrel (NYMEX/Bloomberg); and
The Dollar: The AUD/USD is currently trading at 0.9067 cents (Forex. Live).

Have a great day trading today all!

Cheers, Tweets (:

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