daytrading 17 july pre market

Good morning traders.

The local market looks set for a soft open with the ASX SPI futures showing – 6.

U.S. stocks fell, halting the longest rally in the Standard & Poor’s 500 Index since January, as Coca-Cola Co.’s profit dropped and a Federal Reserve official called for cuts to stimulus.

Coca-Cola slid 1.9 percent as the beverage company said volumes missed estimates amid slowing economic growth in China and Europe.

DOW down 32 points

S & P down 6 points

FTSE down 0.45%

DAX down 0.43 %

Gold prices ended the U.S. day session modestly higher in quieter trading Tuesday. The precious metals were supported by a lower U.S. dollar index Tuesday. More short covering and bargain hunting were featured.

USD index - 0.65 82.44

GOLD spot 1291

GDX gold miners index + 5.60 %

Copper added 3 cents to 3.19

Both BHP and RIO closed higher in US trade +2.83 % and +3.93 % respectively.

WTI crude down 40 cents to 106.00

Some strength in the US gold miners though the AUD has strengthened to 0.9255 and AUD gold 1395.

Good luck