Bobbys Corner-Open Market-Jan.28.2010

Written January 28, 2010 at 8:04 AM EST by  

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

The EUR/USD pair fell below 1.40 , trading at 1.3936  during the overnight hours. Comments from China’s central bank that they should not purchase Greece’s debt-added pressure on the Euro.
Yesterday the FOMC’s statement commented that the US economy is in “recovery”, and that they will continue to keep interest rates at record lows.

World equity markets were higher-and US Futures are pointing to a higher opening this morning.
Ford and Procter & Gamble reported better that expected Q4 earnings.

Oil:$74.25                                      Gold:$1092.40

TIME FOR  EST PRIOR
8:30A.M. CHICAGO FED NAT ACTIVITY INDEX DEC. -0.40 -0.32
8:30A.M. DURABLE GOODS ORDERS DEC. 2.00% 0.20%
8:30A.M. DURABLES EX TRANSPORTATION DEC. 0.50% 2.00%
8:30A.M. INITIAL JOBLESS CLAIMS JAN.23 450K 482K
8:30A.M. CONTINUING CLAIMS JAN.16 4593K 4599K

HAVE A GREAT DAY & GOOD LUCK

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