daytrades september 16 afternoon, page-2

Thanks highlandlad!

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

'Market Focus' in the US this evening

"Any substantial change for jobless claims will likely be clouded by Labor Day effects." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (15.09.2010)

"Yen buying by Japan, a rare unilateral move, touched off condemnations of currency manipulation. The buying stripped more than two yen from the dollar rate which ended at Y85.50 vs. just over Y83 on Tuesday. The dollar as a whole ended higher with the dollar index up mildly to 81.47. The intervention is aimed at making Japanese exports more competitive vs. the exports of other nations.

It was another another solid day for U.S. economic data. Industrial production for August added to July's big gain while Empire State data point to order strength for September. The Dow gained 0.4 percent to 10,572. Demand for Treasuries eased with the 30-year yield rising nine basis points to 3.87 percent. Oil fell back about one percent to just under $77 while gold held onto yesterday's big gain, ending at $1,267." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

Producer Price Index [ Market moving indicator]
[The Producer Price Index (PPI) is a measure of the average price level for a fixed basket of capital and consumer goods received by producers.]

Jobless Claims [ Merits extra attention]
[New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility.]

Treasury International Capital [ Merits extra attention]
[These Treasury data track the flows of financial instruments into and out of the United States. Instruments tracked include Treasury securities, agency securities, corporate bonds, and corporate equities.]

EIA Natural Gas Report [ Merits extra attention]
[The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S., and three regions of the country. The level of inventories helps determine prices for natural gas products.]

Net Long-term TIC Flows (Jul) [ Moderate volatility expected]
[The total Net TIC Flows is released by the US Department of Treasury. TIC stands for Treasury International Capital. It shows in and out flows of financial resources in the United States. The TIC flows is one of the major events in the market, as it is seen by most participants as the Government resource for offsetting the current Trade Deficit. Generally speaking, a high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish).]

Philadelphia Fed Manufacturing Survey (Sep) [ Moderate volatility expected]
[The Philadelphia Fed Survey is a spread index of manufacturing conditions (movements of manufacturing) within the Federal Reserve Bank of Philadelphia. This survey, served as an indicator of manufacturing sector trends, is interrelated with the ISM manufacturing Index (Institute for Supply Management) and the index of industrial production. It is also used as a forecast of The ISM Index. Generally, an above-the-expectaitons reading is seen as positive for the USD.]

Tim Geithner speaks
[Treasury Secretary - Testifies on the foreign exchange report before the Senate Banking Committee in Washington.]

Elizabeth Duke speaks
[Federal Reserve Gov - Remarks at a hearing on the Home Mortgage Disclosure Act at the Chicago Fed.]

Current Account (Q2)
[The Current Account released by the Bureau of Economic Analysis is a net flow of current transactions, including goods, services, and interest payments into and out of the US. A current account surplus indicates that the flow of capital into the US exceeds the capital reduction. Normally, a high reading is seen as positive (or Bullish) for the USD, whereas a low reading is seen as negative (or Bearish).]

Money Supply
[The monetary aggregates are alternative measures of the money supply by degree of liquidity. Changes in the monetary aggregates indicate the thrust of monetary policy as well as the outlook for economic activity and inflationary pressures.]

3-Month Bill Announcement; 6-Month Bill Announcement; 52-Week Bill Announcement [ Weekly Bill Settlement ]
[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 'Economic news' due to be released in Australia tomorrow.

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

... and the DOW futures are currently Down 28 pts atm (Live)!