Good Morning Traders,DOW Snapshot from previous trading...

Good Morning Traders,

DOW Snapshot from previous trading session

"Stocks plunged Tuesday after North Korean and South Korean forces clashed, adding geopolitical tensions to an already nervous market, and the Federal Reserve lowered its outlook for economic growth. The global market retreat followed an exchange of artillery fire along the disputed sea border between North and South Korea Tuesday morning. The skirmish was one of the most aggressive since the Korean War of the 1950s ended in armistice.

Dan Cook, senior market analyst at IG Markets, said thin trading volumes could be amplifying the market's reaction to the Korean hostilities, "but this is still major," he added.

"The uncertainty is so great and the implications could be huge," he said. "People are getting out of risk assets and in some cases going to cash," he added
In the currency market, the U.S. dollar and the Japanese yen both rose sharply. Gold prices and U.S. Treasuries also moved higher as investors flocked to safe haven assets." [Source: cnnmoney.com]

The DJIA Index finished the trading session Down 138.31; and
The SPI Futures are currently: Down 51 pts atm.

Of note in the US this evening:

Durable Goods Orders [Market moving indicator]

Personal Income & Outlays [Market moving indicator]

Jobless Claims [Merits extra attention]

Consumer Sentiment [Merits extra attention]

New Home Sales [Merits extra attention]

EIA Petroleum Status Report [Merits extra attention]

EIA Natural Gas Report [Merits extra attention]

...AND...

Of note in Australia today:

Construction Work Done (Q3)
[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).]

Gold is currently trading Up $10.10 & is sitting at US$1,376.50/oz atm [Source: Kitco]
Oil is currently trading Down $0.49 & is sitting at US$81.25/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9732 cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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