Bobbys Corner-Open Market-Feb.10.2010

Written February 10, 2010 at 7:33 AM EST by  

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

I have been away at the World Money Show in Orlando, FL- I am now back in NY with the snow falling.

The USD continues to benefit from the crisis in the EuroZone.   Greece is trying to work out a deal with either the EU or to get direct assistance from Germany.  Greece is a major political concern for the EZ. The EZ cannot afford to allow Greece’s debt to be placed below investment grade levels, for fears that this could also effect  other Southern European economies.

Fed Chairman Bernanke is expected to testify before Congress today-but due to the inclement  weather, his testimony may be in written form.

World equity markets rose-as speculation that a “rescue package” for Greece is taking root.
Commodities are mixed.

Oil:$73.96                                          Gold:$1080.70

TIME FOR  EST PRIOR
08:30AM TRADE BALANCE  DEC  -$35.8B  -$36.4B
02:00PM MONTHLY BUDGET STATEMENT  JAN  -$46.0B  -$63.5B

HAVE A GREAT DAY & GOOD LUCK

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