Bobbys Corner-Open Market-Dec.24.2009
Written December 24, 2009 at 8:03 AM EST by Bob Slade
Good Morning:
The USD lost ground overnight as speculation that the FED will keep their stimulus measures in place to act as a driving force to revive the US economy.
World equity markets rose. Expectations that the global economic recovery is gaining traction has investors looking to continue the world wide equity rally.
Oil, Gold and commodities in general all rose. Copper is this years metals leader with a 132% increase in 2009.
Oil:$76.35 Gold:$1102.20
| TODAY’S RELEASES | ||||||
| TIME | FOR | EST | PRIOR | |||
| 8:30A.M. | DURABLE GOODS ORDERS | NOV. | 0.50% | -0.60% | ||
| 8:30A.M. | DURABLES EX TRANSPORTATION | NOV. | 1.10% | -1.30% | ||
| 8:30A.M. | INITIAL JOBLESS CLAIMS | DEC.19 | 470K | 480K | ||
| 8:30A.M. | CONTINUING CLAIMS | DEC.12 | 5170K | 5186K | ||
HAVE A GREAT DAY-GOOD LUCK & HAVE A MERRY CHRISTMAS
Categories: Bobbys Corner, FXDD Today, Forex News, Misc | Tags: Copper, Foreign Exchange, Forex, FX, Gold, Oil, USD
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