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Bobbys Corner-Open Market-July.17.2009

Written July 17, 2009 at 8:12 AM EST by Bob Slade 

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bob-slade-forex-2-150x200Good Morning:

The USD and JPY increased in overnight trading as the bombings in Indonesia, along with speculation that CIT will file for bankruptcy after negotiations with US regulators fell flat, spurred demand for the USD and JPY as a refuge. 

Asian and European equity markets are higher this morning-as US Futures are lower at this time-after GE announced lower Q2 profits.

Oil:$61.72                    Gold:$934.60

Today’s data:
Housing Starts:          exp: 530K            prior: 532K
Build Permits:            exp: 524K             prior: 518K

HAVE A GREAT DAY-GREAT WEEKEND- GOOD LUCK

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