re: daytrades september 07 afternoon Thanks exit! 1pm -...

re: daytrades september 07 afternoon Thanks exit!

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

'Market Focus' in the US this evening

"Watch for movements out of Asia and Europe for indications on what otherwise looks like a quiet U.S. session." [Source: nasdaq.com., Mark Pender]

'Market Reflections' from the last trading session (03.09.2010)

"An employment report that shows a gain in private payrolls and upward revisions to prior months raised hope that the economy may once again pick up steam, well at least a little steam. The ISM non-manufacturing report is losing steam, showing some of its slowest readings of the recovery. The gain in private payrolls, at 67,000 to extend a string of roughly similar gains, was enough to push the S&P up more than one percent to 1,104. Investments funds fled Treasuries for a third day, sending the 30-year yield eight basis points higher to 3.79 percent. Funds also sold the dollar where the dollar index fell 0.5 percent to 82.05. The gain in stocks and the fall in the dollar weren't enough to help commodities add to prior gains. Oil fell nearly one percent to $74.50. Gold ended little changed at $1,248." [Source: nasdaq.com., Mark Pender]
______________________________________________________

Of note in the US this evening:-

Fed's Beige Book (Sep 8)
[The Beige Book reports on the current US economic situation. Through interviews with key business contacts, economists, market experts, and other sources are gathered by each of the 12 Federal Reserve Districts. The survey gives a picture of the overall US economic growth. An optimistic view of those authorities is considered as positive, or bullish for the USD, whereas a pessimistic view is considered as negative, or bearish for the Dollar.]

ABC/Washington Post Consumer Confidence (Sep 5)
[The ABC/Washington Post Consumer Confidence released by ABC News and the Washington Post captures the level of confidence that individuals have in economic activity reflecting respondents' evaluations of their personal financial situation. Generally, a high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).]

Treasury STRIPS
[A report on the amount of net stripping of Treasury securities that has taken place during the month. The report details gross stripping and reconstitution of Treasury notes and bonds by individual issue.]

4-Week Bill Announcement; 3-Month Bill Auction; 6-Month Bill Auction; and 3-Yr Note Auction
[Treasury bills are sold at public auctions every week; and Treasury notes are sold at regularly scheduled public auctions.]

______________________________________________________

... AND ...
______________________________________________________

Of note in Australia tomorrow:-

Home Loans (Jul) [ Moderate volatility expected]
[The Home Loans released by the Australian Bureau of Statistics presents the number of home loans. It indicates the housing market trend in Australia and a level of consumer confidence as large housing loans are taken out. A high reading is seen positive (or bullish) for the AUD, while a low reading is seen negative (or bearish).]

[Sources used: nasdaq.com & fxstreet.com]
______________________________________________________

ASX Market Watch (widget snapshot)

... and the DOW futures are currently Up 20 pts atm (Live)!