Bobbys Corner-Open Market-Feb.26.2010

Written February 26, 2010 at 8:41 AM EST by  

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

The USD and JPY dropped overnight as signs that the global recovery is getting more and more traction, thus increasing demand for higher-yielding assets.
Greece’s debt problems will still put pressure on the Euro, and may dampen demand for EuroZone assets.

World equity markets are higher-and US Futures are lower at this time.

Oil:$78.40                            Gold:$1107.20 

TIME FOR  EST PRIOR
8:30A.M. GDP QoQ (ANNUALIZED) 4Q S 5.70% 5.70%
8:30A.M. PERSONAL CONSUMPTION 4Q S 2.00% 2.00%
8:30A.M. GDP PRICE INDEX  4Q S 0.60% 0.60%
8:30A.M. CORE PCE QoQ 4Q S 1.40% 1.40%
9:45A.M. CHICAGO PURCHASING MANAGER FEB. 59.7O 61.5O
9:55A.M. U. OF MICHIGAN CONFIDENCE FEB. F 73.9O    73.7O
10:00A.M. EXISTING HOME SALES JAN.      5.50M   5.45M
10:00A.M. EXISTING HOME SALES MoM JAN. 0.90% -16.70%
10:00A.M. NAPM -MILWAUKEE      FEB.     56.O

HAVE A GREAT DAY-WEEKEND & GOOD LUCK

As we battle another snow storm in the Northeast-the kids are off from school-enjoy the sled riding.

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