Bobbys Corner-Open Market-March.17.2010
Good Morning:
The USD and JPY fell in overnight trading. Both the BOJ and FED made comments to keep interest rates at near zero to keep their economies from falling back into recession. Investors moved their money to the equity markets and higher-yielding currencies.
The GBP is recovering, as data released this morning shows that U.K. residents receiving unemployment benefits dropped. The GBP has lost steam since 2010 started as concerns that the U.K. will not get a majority in parliamentary elections this spring. This majority will be needed to address their budget deficit, and to propose additional measures to shore up their economy.
World equity markets are higher, and US Futures are pointing to a higher opening this morning.
Commodities are also higher this morning.
Oil:$80.79 Gold:$1129.40
| 7:00a.m. | MBA Mortgage Applications | 12-Mar | 0.50% | ||||
| 8:30a.m. | PPI MoM | FEB. | -0.20% | 1.40% | |||
| 8:30a.m. | PPI EX FOOD & ENERGY MoM | FEB. | 0.10% | 0.30% | |||
| 8:30a.m. | PPI YoY | FEB. | 4.90% | 4.60% | |||
| 8:30a.m. | PPI EX FOOD & ENERGY |
& ENERGY YoY | FEB. | 1.00% | 1.00% | ||
HAVE A GREAT DAY & GOOD LUCK




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