Bobbys Corner-Open Market-Feb.17.2010

Written February 17, 2010 at 8:11 AM EST by  

bob-slade-forex-trading-3-150x200Good Morning:

The JPY fell as signs that the global recovery is gaining traction, and Greece may not need a bailout made investors look for higher-yielding assets.  Greeks Finance Minister in a meeting with other EU mionisters in Brussels said that “there is no actual need for a bailout”.

World equity markets rose-and US Futures are pointing to a higher opening this morning.  Speculation that data will support that US growth is accelerating-helped equity markets overnight.

Oil:$77.57                                        Gold:$1125.50
Today’s Data:

TIME FOR  EST PRIOR
08:30AM  IMPORT PRICE INDEX (MoM)  JAN  1.O%  O.O%
08:30AM IMPORT PRICE INDEX (YoY)  JAN  1O.8%  8.6O%
08:30AM HOUSING STARTS    JAN  58OK  557K
08:30AM BUILDING PERMITS    JAN  62OK  653K
08:30AM HOUSING STARTS MoM    JAN 4.10%  -4.O%
 08:30AM BUILDING PERMITS MoM    JAN -5.10%  1O.9%
 09:15AM INDUSTRIAL PRODUCTION    JAN       O.8%  O.6%
 09:15AM CAPACITY UTILIZATION    JAN  72.6O%  72.O%
 02.00PM MINUTES OF FOMC MEETING      

 

 

Have a GREAT DAY & GOOD LUCK

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