Bobbys Corner-Open Market-Nov.23.2009
Good Morning:
The USD and JPY are weaker this morning as indications continue that worldwide central banks will keep interest rates low to help spur global economies, as the worst recession since World War 2 retreats. Statements from various Fed Presidents have indicated that interest rates will stay low until 2010-2011. This will keep the USD under pressure for the immediate future.
World equity markets rose. US Futures are alos higher this morning.
Gold reached another record overnight ($1067.88), and Copper reached a 14 month high.
Oil:$78.46 Gold:$1064.20
Today’s Data:
Existing Home Sales: exp: 5.7M prior: 5.57M
HAVAE A GREAT DAY & GOOD LUCK




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