Bobbys Corner-Open Market-March.9.2010

Written March 9, 2010 at 8:11 AM EST by  

bob-slade-forex-trading-7-150x200Good Morning:

As world equity markets snap 2 days of gains-the JPY advanced as investors look for a “safer haven” for their funds.
The JPY also gained as speculation mounts that Japanese companies are repatriating profits before the end of the fiscal year.  New tax breaks initiated by the Japanese government may lead to “larger than normal” repatriations.
The GBP lost ground overnight as Moody’s Investor Services said that U.K. banks creditworthiness may be at risk.

World equity markets are lower as companies report earnings that missed estimates, along with concerns that the year long rally in stocks cannot be sustained . 
Commodities are lower, and government bonds rose.

Oil:$80.42                                        Gold:$1117.70

Today’s Data:

  10:00AM IBD/TIPP ECONOMIC OPTIMISM  MAR    47.4O      46.8O

HAVE A GREAT DAY & GOOD LUCK

No Responses to “Bobbys Corner-Open Market-March.9.2010”

Add a comment