Bobbys Corner-Open Market-March.15.2010

Written March 15, 2010 at 7:19 AM EST by  

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

GBP was the main driver in overnight markets as Moody’s warned the UK (and US) of losing their AAA rating, The UK’s political problems and poor UK housing data also contributed to sterling’s woes.

In the Euro Zone, no political decisions have been made  regarding an aid package for Greece.  Greece has not asked for any direct aid as of yet.  The Greek government insists it will work out it’s debt problems themselves.   EU ministers begin a 2 day meeting in Brussels today to discuss the Greek debt issue.

World equity markets were mostly lower-and US futures are also pointing to a lower opening this morning.
Commodities were mostly lower-lead by metals.  Concerns that China and India may restrict economic growth to curb inflation, lead to the drop.

Oil:$80.79                                                  Gold:$1106.20

TIME FOR  EST PRIOR
8:30A.M. EMPIRE MANUFACTURING MARCH 20.OO 24.9I
9:00A.M. NET LONG TERM TIC FLOWS JAN. $63.3B
9:00A.M. TOTAL NET TIC FLOWS JAN. $60.9B
9:15A.M. INDUSTRIAL PRODUCTION FEB. 0.00% 0.90%
9:15A.M. CAPACITY UTILIZATION FEB. 72.60% 72.60%
1:00P.M. NAHB HOUSING MARKET INDEX MARCH 17.O 17.O

HAVE A GREAT DAY & GOOD LUCK

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