Bobbys Corner-Open Market-Feb.25.2010

Written February 25, 2010 at 8:16 AM EST by  

bob-slade-forex-trading-6-150x200Good Morning:

The Euro dropped as Moody’s Investor Service and S&P said they may cut Greece’s rating.  Sovereign debt issues are a rising concern for investors, and may put upward pressure on interest rates in other developed countries. 

Fed Chairman Bernanke continues his speaking engagement in front of  Congress, and yesterday reiterated his stance on keeping interest rates low to keep the economy on the road to recovery.

World equity markets are lower-and US Futures are also pointing to a lower opening this morning.

Oil:$79.29                    Gold:$1091.50

  TODAY’S RELEASES
TIME FOR  EST PRIOR    REVISED
8:30A.M. DURABLE GOODS ORDERS JAN. 1.40% 0.30% 1.00%
8:30A.M. DURABLES EX TRANSPORTATION JAN. 1.00% 0.90% 1.40%
8:30A.M. INITIAL JOBLESS CLAIMS FEB.20 460K 473K
8:30A.M. CONTINUING CLAIMS FEB.13 4570K 4563K
10:00A.M. HOUSE PRICE INDEX MoM DEC. 0.40% 0.70%  

HAVE A GREAT DAY & GOOD LUCK

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