daytrades oct 12 afternoon, page-2

Thanks highlandlad!

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

'Market Focus' in the US this evening

"The FOMC debate in detail! Brush up on your QE2." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (11.10.2010)

"The Dow was virtually unchanged, up two points to 11,008 in thin Columbus Day trading. Gold keeps pressing higher, touching $1,355 before ending at $1,353. Oil fell $1 to $82. U.S. bond and foreign exchange desks were closed with currencies little changed in overseas trading." [Source: nasdaq.com., Mark Pender]
______________________________________________________

Of note in the US this evening:-

FOMC Minutes (Oct 12) [ Merits extra attention]
[FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.]

Thomas Hoenig speaks
[Kansas City Federal Reserve Bank President - Speech to the NABE annual meeting in Denver on economic outlook and monetary policy challeges.]

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.]

IBD/TIPP Economic Optimism (Oct)
[The Economic Optimism Index, released by The Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP), measures the sentiment of consumers related to economic conditions. The report is based on a monthly survey where near to 1000 nationwide adults evaluate their economic outlook for the next six months, personal financial perspectives and their confidence in federal economics policies. If consumers are optimistic they will purchase more goods and services which will involve growth in domestic demand and stimulation to the economy. A reading above 50 indicates optimism, below 50 is pessimism.]

ABC/Washington Post Consumer Confidence (Oct 12)
[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).]

4-Week Bill Announcement; 3-Month Bill Auction; 6-Month Bill Auction; and 3-Yr Note Auction
[Treasury bills are sold at public auctions every week; and Treasury notes are sold at regularly scheduled public auctions.]
______________________________________________________

... AND ...
______________________________________________________

Of note in Australia tomorrow:-

Please note there is no noteworthy 'Economic news' due to be released in Australia tomorrow.

[Sources used: nasdaq.com & fxstreet.com]
______________________________________________________

ASX Market Watch (widget snapshot)



Gold Spot Price atm (Kitco)

... and the DOW futures are currently Down 46 pts atm (Live)!