The US-Market has ended in negative territory (Dow Jones - 29,92 Punkte). Also negative influence from the asian markets (Nikkei - 155,70 Punkte and Hang Seng + 0,00 Points) US-Stock Futures are quoted under fair value. We expected a little decline of the Market Index DAX at the beginning of the trading session. We expected an opening at 5.670 points.
The Euro is quoted at 1,4627 US-Dollar und Oil Prices are up at 73,36 $ per Barrel.
Important economic data, maybe triggering signals:
01:50 JP TANKAN-Report I. Part Sept.09
08:00 DE Retail Sales Aug.09
11:00 EU Unemployement Rate Aug.09
14:30 US Personal Income Aug.09
14:30 US Personal Spending Aug.09
14:30 US Initial Claims
16:00 US ISM Index Sept.09
16:00 US Construction Spending Aug.09
16:00 US Pending Home Sales Aug.09
Quarterly Period Earnings:
at 07:00 Constellation Brands
Informations:
The Chinese Market was closed today for annual holiday. The Japanese Tankan-Report (similar to the German Report Ifo) was with - 33 worse than expected. The big japanese enterprises are planing to reduce costs about 10,8% till March 2010. This number is much more worse than the expected reducing cost number about 9,40 %. The ADP Employement Change for Sepember is expected at 119, from 121 in last August, a little bid lower. The automotive producer Saturn will be abandoned, as General Motors announded. There is no more prospective customer. 11.000 jobs will be cut.
Our forecast:
The Marketindex DAX trend is expected upward/stable/downward. We believe a daily range between 5550-5700 points. The closing shoud be around 5592 points.
Trading ideas of the day: ( to be placed before the opening session)
DAX-Short position should be closed around 5592
S&P500-Short position should be closed around 1055
Daytrading-Signals:
There will be an average number of daytrading signals today.Visual daily forecast for 01.10.2009: 