Bobbys Corner-Open Market-Dec.17.2009
Written December 17, 2009 at 8:08 AM EST by Bob Slade
Goo
d Morning:
The USD soared overnight after the FOMC announced no change in interest rates, and are considering scaling back on the stimulus programs. The USD also benefited from the bad news from Greece. The markets are getting concerned about the enormous national debt that many countries have. Countries like the US increased their debt to put various stimulus measures in place. Not only is Greece a problem, but the markets will be looking at Spain and the UK for a possible downgrade.
World equity markets fell, and US futures are pointing to a lower opening later this morning.
Oil and metals were also lower.
Oil:$71.96 Gold:$1120.20
| TIME | FOR | EST | PRIOR | |||
| 8:30A.M. | INITIAL JOBLESS CLAIMS | 12-Dec | 465K | 474K | ||
| 8:30A.M. | CONTINUING CLAIMS | 5-Dec | 5180K | 5157K | ||
| 10:00A.M. | LEADING INDICATORS | NOV. | 0.70% | 0.30% | ||
| 10:00A.M. | PHILADELPHIA FED. | DEC. | 16.O | 16.7O | ||
HAVE A GREAT DAY & GOOD LUCK
Categories: Bobbys Corner, FXDD Today, Forex News, Forex Trading, Misc | Tags: FOMC, Foreign Exchange, Forex, FX, Gold, Greece, Oil, rally, Spain, stimulus, UK, USD
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