DT Pre Market Jan 6 2017

Morning All
Thanks Trees and undergrowth

SFE +8 @ 5724

The benchmark S&P/ASX 200 Index rose 0.3 per cent to 5753.3 points and the broader All Ordinaries Index advanced a similar percentage to 5805.1 points.
Traders were largely preoccupied with following the gyrations of the Chinese yuan, with trading volumes light on the local bourse.
Investors were happy to keep snapping up blue chip stocks on Wednesday, while the Australian dollar shrugged off a hawkish edge to the US Federal Reserve minutes to push above US73¢.
Energy stocks and telcos outperformed the rest of the market, while investors shunned listed real estate names. 1

A dramatic rally in digital currency bitcoin came to a spectacular end on Thursday with a plunge of up to 20 percent as China's yuan rose sharply - further evidence of an intriguing inverse relationship between the pair.
Bitcoin had gained more than 40 percent in two weeks to hit a three-year high of $1,139.89 on Wednesday, just shy of its all-time record of $1,163. But it dived as low as $885.41 on Thursday as the yuan jumped by over 1 percent in offshore trading and headed for its strongest two-day performance on record.
Chinese exchanges have reported high volumes of trading of the web-based "cryptocurrency" over the past year, during which time the yuan has shed almost 7 percent, its worst annual performance since 1994, while bitcoin has surged 125 percent, outperforming all other currencies for a second year in a row.
A dramatic rally in digital currency bitcoin came to a spectacular end on Thursday with a plunge of up to 20 percent as China's yuan rose sharply - further evidence of an intriguing inverse relationship between the pair.
Bitcoin had gained more than 40 percent in two weeks to hit a three-year high of $1,139.89 on Wednesday. But it dived as low as $885.41 on Thursday as the yuan jumped by over 1 percent in offshore trading and headed for its strongest two-day performance on record.

S&P 500 + .15%
Nasdaq - .2%

Oil prices rose on Thursday in an up-and-down session, lifted by news that Saudi Arabia had cut production to meet OPEC's agreement to cut output after falling on data showing a surprisingly large increase in U.S. gasoline and distillate inventories.
Saudi Arabia cut oil output in January by at least 486,000 barrels a day to 10.06 million barrels a day, according to a Gulf source familiar with Saudi oil policy. That would mean the world's largest crude producer was holding up its end of a November agreement by the Organization of Petroleum Exporting Countries to reduce output.
That boosted oil prices, which had slipped after the U.S. government reported a big increase in U.S. gasoline and distillate inventories. 2

U.S. light crude oil settled up 50 cents a barrel, or 0.9 percent, at $53.76. Benchmark Brent crude oil was up 44 cents a barrel at $56.90, by 2:35 p.m. ET (1935 GMT), off a session peak of $57.35.

Copper - 1.2%
Nickel + .9%
Zinc- .3%
Aluminium + .9%

Gold prices ended the U.S. day session solidly higher Thursday, boosted by a sharply lower U.S. dollar index and some new uncertainty injected into the marketplace following Wednesday’s minutes from the Federal Reserve’s Open Market Committee (FOMC).  February Comex gold was last up $16.20 an ounce at $1,181.50. March Comex silver was last up $0.058 at $16.60 an ounce.
The U.S. dollar index saw strong losses Thursday on a corrective pullback after the index scored a 13-year high on Tuesday. The greenback was also pressured by the FOMC minutes from Wednesday afternoon that were deemed a bit dovish on U.S. monetary policy, suggested that further U.S. dollar strength could restrain U.S. economic growth, and hinted the Federal Reserve is a bit uneasy about the incoming President Donald Trump and his proposed economic policies.
The other key “outside market” on Thursday saw Nymex crude oil prices trading higher, supported in part by the dropping U.S. dollar index.
The U.S. ADP national employment report Thursday showed a reading of up 153,000 jobs in December. That number was a bit lower than market expectations and also helped to lift gold prices. The next big data point will be Friday’s U.S. employment report from the Labor Department. Many markets could see increased volatility in the aftermath of Friday morning’s jobs report. The key non-farm payrolls number is forecast to come in at up around 185,000 in December. 3

Gold $1180
HUI + 6%
AUD Gold $ 1608

AUD .7337

Have a good dsy

1 SMH
2 Bloomberg
3 *****