daytrades oct 5 afternoon, page-2

Thanks highlandlad!

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

'Market Focus' in the US this evening

"A 50.0 reading for the ISM non-manufacturing index or for the new orders index would suggest that economic growth has fizzled out." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (04.10.2010)

"Pending home sales jumped for a second month as the housing sector lifts off a deep post-stimulus bottom. Yet interest in the market was light with the Dow falling 0.7 percent to 10,751. Rates were little changed with the 30-year Treasury ending at 3.71 percent. The dollar index firmed 0.4 percent to 78.45. Gold ended at $1,314 with oil at at $81.50." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

ISM Non-Manufacturing (Sep) [ Moderate volatility expected]
[The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. A result above 50 is positive (or bullish) for the USD.]

ABC/Washington Post Consumer Confidence (Oct 3)
[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).]

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.]

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:-

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

[Sources used: nasdaq.com & fxstreet.com]
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ASX Market Watch (widget snapshot)



Gold Spot Price atm (Kitco)

... and the DOW futures are currently Down 4 pts atm (Live)!