daytrades september 3 afternoon, page-3

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

'Market Focus' in the US this evening

"Stocks have been on the rise the past couple of days. But a decline for payrolls will leave many asking why." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from previous session (02.09.2010)

"A rise for pending home sales was a rare bit of good news for the housing sector and helped to widen out the optimism following Wednesday's ISM manufacturing report. Stocks extended yesterday's gains with the Dow rising one-half percent to 10,320. Money moved into commodities for a second day with oil ending more than one percent higher to $75. Money moved out of the safety of Treasuries where the 30-year yield rose seven basis points to 3.71 percent." [Source: nasdaq.com., Mark Pender]
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Of note in the US this evening:-

Employment Situation [ Market moving indicator]
[The employment situation is a set of labor market indicators based on two separate surveys in this one report. Based on the Household Survey, the unemployment rate measures the number of unemployed as a percentage of the labor force. Other key series come from the Establishment Survey (of business establishments). Nonfarm payroll employment counts the number of paid employees working part-time or full-time in the nation's business and government establishments. The average workweek reflects the number of hours worked in the nonfarm sector. Average hourly earnings reveal the basic hourly rate for major industries as indicated in nonfarm payrolls.]

Dennis Lockhart
[Atlanta Federal Reserve Bank President - Speech on the regional and national economies at East Tennessee State University]

ISM Non-Mfg Index
[The non-manufacturing ISM surveys nearly 400 firms from 60 sectors across the United States, including agriculture, mining, construction, transportation, communications, wholesale trade and retail trade.]

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... AND ...
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Of note in Australia on Monday of next week:-

TD Securities Inflation (MoM) (YoY) (Aug)
[TD Securities Inflation released by The University of Melbourne - Faculty of Economics and Commerce estimates inflation in the Australian economy. The higher inflation, the stronger the effect it will have on a probability of a rate hike by the RBA. Generally speaking, a high reading should be taken as positive, or bullish, for the AUD, while a low reading is seen as negative or bearish.]

ANZ Job Advertisements (Aug)
[The ANZ job advertisements released by the Australia and New Zealand Banking Group Limited (ANZ) presents the number of job advertisements in the major metropolitan newspapers and on the internet sites. It is used for forecasting employment growth in Australia as it indicates future labor market conditions.A high reading is seen as bullish (or postive) for the AUD, whereas a low reading is seen as bearish (or negative).]

AiG Performance of Construction Index (Aug)
[Based on 120 interviews to companies, the HIA/AiG Performance of Construction Index, released by the Australian Industry Group and the Housing Industry Association, is considered as an indicator that measures the conditions on the short and medium term in the construction market. Companies answer questions related to production, employment, prices supplier deliveries, inventories and new orders. A high reading is seen as positive, or bullish for the AUD, while a low reading is 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 Down 12 pts atm (Live)!