Bobbys Corner-Open Market-March.2.2010

Written March 2, 2010 at 8:06 AM EST by  

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

The UK’s political situation is adding to the decline of the GBP.  The markets are concerned that the UK will not be able to elect a government with a strong majority.  A majority will be needed to get any true economic and deficit controls in place.
The Euro continues to be under pressure as Greek civil servants have orchestrated a new nationwide 24 hour strike on March 16, 2010.  Concerns that Greece’s current austerity plan is not enough, is causing the EU to look for new measures by the Greek government to control the deficit.

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

Oil:$79.31                             Gold:$1121.60

No major US economic data due out today.

HAVE A GREAT DAY & GOOD LUCK

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