daytrades september 15 afternoon, page-2

Thanks highlandlad!

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

'Market Focus' in the US this evening

"If industrial production can add to the prior month's big gain, talk of a double dip will fade further." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (14.09.2010)

"Retail sales proved solid as expected giving stocks a lift that however faded through the session. The Dow ended fractionally lower at 10,526. Other news was mixed including a build for business inventories that may not be such good news given slowing economic growth. Weekly chain store reports were also mixed with Redbook calling for no better than a flat month for September. But the gain for August retail sales is definitely a plus that eases the risk of a double dip. Gold broke higher to a new record in technical trade not based on fundamentals. Gold flirted with $1,280 before ending just under $1,270. Oil slipped back under $78. Demand for Treasuries rebounded with the 30-year yield ending a bit lower at 3.78 percent." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

Industrial Production [ Market moving indicator]
[The index of industrial production is available nationally by market and industry groupings. The major groupings are comprised of final products (such as consumer goods, business equipment and construction supplies), intermediate products and materials.]

EIA Petroleum Status Report [ Merits extra attention]
[The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. The level of inventories helps determine prices for petroleum products.]

MBA Mortgage Applications (Sep 10) [ Merits extra attention]
[The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. A Mortgage growth represents a healthy housing market that stimulates the overall US economy. Normally, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).]

NY Empire State Manufacturing Index (Sep) [ Merits extra attention]
[The Empire State Manufacturing Survey conducted by the Federal Reserve Bank of New York gauges business conditions for New York manufacturers. Generally speaking, a positive result indicates bullish for US Dollar, while a negative result shows poor growth of US Dollar.]

Import and Export Prices
[Import price indexes are compiled for the prices of goods that are bought in the United States but produced abroad and export price indexes are developed for the prices of goods sold abroad but produced domestically. These prices indicate inflationary trends in internationally traded products.]

Industrial Production (MoM) (Aug)
[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.]

Capacity Utilization (Aug)
[The Capacity Utilization released by the Federal Reserve Board is the percentage of the US production capacity which is actually used over the short-time period. It is indicative of overall growth and demand in the U.S. economy. A high capacity utilization stimulates inflationary pressures. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or Bearish).]

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

Consumer Inflation Expectation (Sep) [ Moderate volatility expected]
[The Consumer Inflation Expectation released by the Melbourne Institute presents the consumer expectations of future inflation during the next 12 months. The higher expectations, the stronger the effect they will have on a probability of a rate hike by the RBA. Therefore, a high reading should be taken as positive, or bullish, for the AUD, while a low expectations are seen as negative or bearish.]

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

... and the DOW futures are currently Up 6 pts atm (Live)!