Thursday, February 09, 2012 3:42 PM EST

Bobbys Corner-Open Market-Jan.11.2010

Written January 11, 2010 at 8:03 AM EST by Bob Slade

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Good Morning:

The USD was weaker overnight. Signs that any signal from the Fed regarding increasing interest rates was pushed forward after Friday’s disappointing jobs data. Also adding to the greenbacks woes was a release from China that they are now the largest auto market in the world. This ends more than a century of the US being the largest auto market. The ruble also rallied against the USD as the Russian markets opens for their first time in 2010.

Worldwide equity markets are higher-as US futures are pointing to a higher opening.
Crude oil continues to rise as cold weather blankets the US and most of Europe.
Orange juice futures may also extend their rally because of cold weather in Florida.
Metals increased across the board.

Oil:$83.89 Gold:$1156.50

No major data today.

HAVE A GREAT DAY & GOOD LUCK

Categories: Bobbys Corner, Forex News, Forex Trading, FXDD Today, Misc | Tags: CHINA, Foreign Exchange, Forex, FX, Gold, Oil, orange juice, USD

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