Bobbys Corner-Open Market-March.10.2010

Written March 10, 2010 at 8:18 AM EST by  

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

German exports unexpectedly dropped in January, which pushed the Euro lower.  This is seen as another sign that the European economy is still struggling to gain traction from the global recession.
The GBP remains weak as political and economic woes continue to plague the U.K.

The Bloomberg Professional Global Confidence Index fell to 53.8 from 54.9.  This survey shows that global confidence dropped for a second month, with Greece’s debt crisis being the main culprit in undermining the global recovery. 

Asian equity markets fell, while European markets are  higher.  Dow futures are flat at this time.

Oil:$81.79                                           Gold:$1126.50

TIME FOR  EST PRIOR
7:00A.M. MBA MORTGAGE APPLICATIONS 5-Mar 14.60%
7:00A.M. BLOOMBERG GLOBAL CONFIDENCE MAR. 54.89.
10:00A.M. WHOLESALE INVENTORIES JAN. 0.20% -0.80%
2:00P.M. MONTHLY BUDGET STATEMENT FEB. -$221.0B -$42.6B

HAVE A GREAT DAY & GOOD LUCK

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