1pm - 'Economic news' courtesy reminder time Traders!
'Market Focus' in the US this evening
"No bond or currency trading means a quiet day for stocks." [Source: nasdaq.com., Mark Pender]
'Market Reflections' from the last trading session (08.10.2010)
"A major week for business news winds up with another soft jobs report. But any news is good news given, what appears certain, will be a second round of Fed stimulus. The Dow rose 1/2 percent on the day to 11,006.
This week's Bank of Japan action has deepened the focus on the Fed's pending program and its effect on currencies and commodities. Oil, now at $83, is up nine percent following the September 21 FOMC statement with gold, at $1,350, up six percent and more than two percent this week alone. The dollar index has lost five percent since the meeting. The 2-year yield, at 34 basis points, is down 12 basis points with the 30-year yield, at 3.74 percent, down 16 basis points." [Source: nasdaq.com., Mark Pender] ______________________________________________________
Of note in the US this evening:-
Janet L. Yellen speaks [Fed Vice Chair - (FOMC Voting Member) to speak to the National Association for Business Economics on "Macroprudential Supervision and Monetary Policy in the Post-Crisis World".] ______________________________________________________
... AND ... ______________________________________________________
Of note in Australia tomorrow:-
National Australia Bank's Business Conditions (Sep) [The NABs Business Conditions released by the National Australia Bank looks at trading, profitability and employment conditions in Australia. It serves as an indicator of overall economic situation in the short term. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]
Westpac Consumer Confidence (Oct) [The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute captures the level of sentiment that individuals have in economic activity reflecting respondents' evaluations of their family finances over the past and coming year, expectations about the one-year and five-year economic conditions and views about current buying conditions for major household items. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, whereas a low reading is seen as negative (or bearish).]
1pm - 'Economic news' courtesy reminder time Traders!
