Bobbys Corner-Open Market-March.3.2010

Written March 3, 2010 at 8:13 AM EST by  

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

Greek Prime Minister Papandreous announced an additional $6.6 billion of deficit cuts for the country.  As EU members contemplate a bailout package for Greece, the Greek government must prove to it’s allies that they can control  their deficit problems.  Public workers have various protests planned to demonstrate against any reduction in benefits.
The GBP rose as UK consumer confidence jumped to a 2 year high.  The Euro picked up overnight as Greece announced their deficit reduction plan.

Asian equity markets rose, and European markets are lower-as are US Futures.

Oil:$80.02                                    Gold:$1139.20

Today’s data:

7:30A.M. CHALLENGER JOB CUTS YoY FEB. -70.40%
8:15A.M. ADP EMPLOYMENT CHANGE FEB. -10K -22K
10:00A.M. ISM NON MANF.COMPOSITE FEB. 51.O 5O.5
2:00P.M. FEDS BEIGE BOOK        

HAVE A GREAT DAY & GOOD LUCK

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