daytrades nov 30 afternoon, page-2

Thanks Highlandlad!

1pm - 'Economic news' courtesy reminder time Traders!

'Market Focus' in the US this evening

"Watch for job-assessment details in the consumer confidence report and whether they confirm indications of improvement in the labor market." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (29.11.2010)

"An 85 billion euro bailout for Ireland, which will pay nearly six percent on borrowed funds, sparked no new confidence in Europe and is doing nothing to take focus off Portugal and Spain as the next pair of troubles for Europe. The Dow fell nearly a half percent to 11,052. Demand for safety gave a boost to the dollar index, up more than a half percent to 80.82, and to Treasuries where the 30-year yield fell six basis points to 4.15 percent. Oil rallied two percent to $85.75 despite the drop in equities and rise for the dollar. Gold added a half percent to $1,365." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

Ben Bernanke speaks [ Market moving indicator]
[Federal Reserve Chairman Ben Bernanke (and Cleveland Federal Reserve Pres. Sandra Pianalto) discuss the economy with global, regional and local business leaders.]

Consumer Confidence (Nov) [ High volatility expected]
[The Conference Board compiles a survey of consumer attitudes on present economic conditions and expectations of future conditions. Five thousand consumers across the country are surveyed each month. While the level of consumer confidence is associated with consumer spending, the two do not move in tandem each and every month.]

S&P Case-Shiller HPI (YoY) (Sep) [ Merits extra attention]
[The S&P/Case-Shiller home price index tracks monthly changes in the value of residential real estate in 20 metropolitan regions across the U.S. The composite indexes and the regional indexes are seen by the markets as measuring changes in existing home prices and are based on single-family home resales.]

Chicago Purchasing Managers' Index (Nov) [ Moderate volatility expected]
[The Chicago Purchasing Managers Index released by the Kingsbury International captures business conditions across Illinois, Indiana and Michigan. This index is an indicator of business trends and it is interrelated with the ISM manufacturing Index. It is widely used to indicate the overall economic condition in US. A result above 50 is bullish for the USD, whereas a result below 50 is seen as bearish.]

Narayana Kocherlakota speaks
[Minnesota Federal Reserve Bank President - Speech on monetary policy and fiscal policy substitutes to a symposium on international business and economics in St. Paul. ]

ABC/Washington Post Consumer Confidence (Nov 28)
[The ABC/Washington Post Consumer Confidence released by ABC News and the Washington Post captures the level of confidence that individuals have in economic activity reflecting respondents' evaluations of their personal financial situation. Generally, a high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).]

State Street Investor Confidence Index
[The State Street Investor Confidence Index measures confidence by looking at actual levels of risk in investment portfolios. This is not an attitude survey. The State Street Investor Confidence Index measures confidence directly by assessing the changes in investor holdings of equities. The more of their portfolio that institutional investors are willing to invest in equities, the greater their confidence.]

ICSC-Goldman Store Sales
[This weekly measure of comparable store sales at major retail chains, published by the International Council of Shopping Centers, is related to the general merchandise portion of retail sales. It accounts for roughly 10 percent of total retail sales.]

Redbook
[A weekly measure of sales at chain stores, discounters, and department stores. It is a less consistent indicator of retail sales than the weekly ICSC index. It is also calculated differently than other indicators.]

Farm Prices
[The Department of Agriculture releases at the end of the month the index of prices received by farmers for the current month. This report is entitled Agricultural Prices. Prices received represent sales from producers to first buyers. They include all grades and qualities. For most items, the current month's preliminary price represents a 3-5 day period around the 15th of the month. However, previous month's prices (revised) cover the entire month. The index is not adjusted for seasonal variation. It includes crop prices and livestock & product prices. Farm prices are monitored by analysts to give early warnings of inflation or deflationary pressures in the economy.]

4-Week Bill Auction
[Treasury bills are sold at public auctions every week.]

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... AND ...
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Of note in Australia tomorrow:-

Gross Domestic Product (QoQ) (Q3) [ High volatility expected]
[The Gross Domestic Product released by the Australian Bureau of Statistics is a measure of the total value of all goods and services produced by Australia. The GDP is considered as a broad measure of Swiss economic activity and health. A rising trend has a positive effect on the AUD, while a falling trend is seen as negative (or bearish) for the AUD.]

Gross Domestic Product (YoY) (Q3) [ Moderate volatility expected]
[The Gross Domestic Product released by the Australian Bureau of Statistics is a measure of the total value of all goods and services produced by Australia. The GDP is considered as a broad measure of Swiss economic activity and health. A rising trend has a positive effect on the AUD, while a falling trend is seen as negative (or bearish) for the AUD.]

RBA Commodity Index SDR (YoY) (Nov)
[The RBA Commodity Price SDR released by the Reserve Bank of Australia is considered as an early indicator of export price changes. The price changes influence GDP and exchange rates. An increase in prices may indicate strength of the AUD, while a decrease in prices may indicate weakness of the AUD. A high reading is seen as bullish for the AUD, whereas a low reading is seen as bearish.]

[Sources used: nasdaq.com; bloomberg.com; fxstreet.com; dailymarkets.com; & ozforex.com.au]
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ASX Market Watch (widget snapshot)



Gold Spot Price atm (Kitco)

... and the DOW futures are currently Up 7 pts atm (Live)!