Good Morning Traders (thanks Highlandlad),DOW Snapshot from...

Good Morning Traders (thanks Highlandlad),

DOW Snapshot from previous trading session

"U.S. stocks ended slightly lower Wednesday, as uneasiness about the global economy continued to hang over the market and a light economic calendar gave investors little reason to jump in. After rallying to 4-month highs and gaining for a fourth straight week last week, stocks have been stuck in a rut, swinging between small gains and losses.

"The economy still hasn't improved measurably," said Brian Battle, director of Performance Trust Capital Partners. "If there is a recovery taking place, it's very uneven."

Stocks finished modestly higher Tuesday, but trading was choppy as a disappointing reading on consumer morale fueled worries about the recovery.

While the economy may not be headed for a double-dip recession, economic and political uncertainty ahead of midterm elections and new tax policies is making it hard for stocks to keep up their momentum, said Tom Schrader, managing director at Stifel Nicolaus.

"Markets hate uncertainty, and the government has created a tremendous amount of uncertainty, so that's gotten the market frozen," he said. "It's not that we're going to get a double-dip recession, it's much more likely that we flatline for some time as small businesses and individuals are very cautious about what the government has done and what it's going to do." " [Source: cnnmoney.com]

The DJIA Index finished the trading session Down 22.86 pts; and
The SPI Futures are currently: Down 5 pts atm.

Of Note in the US this evening:

GDP [Market moving indicator]'

Ben Bernanke speaks (twice) [Market moving indicator]

Jobless Claims [Merits extra attention]

EIA Natural Gas Report [Merits extra attention]

... AND ...

Of note in Australia today:

HIA New Home Sales (MoM) (Aug) [Moderate volatility expected]
[HIA New Home Sales released by the Housing Industry Association presents the number of new home sales in Australia. It indicates the housing market condition. House buyers spend money on furnishing and financing their homes, which stimulates the demand for goods, services, and the employees. Thus, a high reading is seen as bullish (or positive) for the AUD, whereas a low reading is seen as bearish (or negative).]

Private Sector Credit (MoM) (YoY) (Aug) [Moderate volatility expected]
[The Private Sector Credit released by the Reserve Bank of Australia is an amount of money that the Australian private sector borrows. It shows if the private sector can afford large expenses, which can fuel economic growth. It is considered as an indicator of business conditions and the overall economic condition in Australia. Generally, a high reading is seen as positive (or Bullish) for the AUD, whereas a low reading is seen as negative.]

Building Permits (MoM) (YoY) (Aug)
[The Building Permits released by the Australian Bureau of Statistics shows the number of permits for new construction projects. It implies the movement of corporate investments (the Australian economic development). It tends to cause some volatility to the AUD. The more growing number of permits, the more positive (or bullish) for the AUD.]

Gold is currently trading Down $1.90 & is sitting at US$1,308.00/oz atm (Live) [goldprice.org];
Oil is currently trading Down $0.09 & is at $77.77/barrel [Bloomberg]; and
The Dollar: The AUD/USD is currently trading @ 0.9692 cents [Forex. Live]

Have a great day trading today all!

Cheers, Tweets (:

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