Bobbys Corner-Open Market-March.18.2010

Written March 18, 2010 at 8:17 AM EST by  

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

The Euro lost ground in overnight trading.  It seems that the  region is rethinking it’s obligation to bailout Greece, and may be moving towards having the indebted country rely on the IMF  for any aid.  The recent Euro rally could well be quelled for the time being-as the problems that exist between Greece and Germany seem to be greater then the marketplace anticipated.

The Greek Prime Minister set a one week deadline for the EU to come up with a rescue package for the country.
EU ministers have an upcoming summit March 25-26, and hopefully they will draft a bailout package for Greece.
ECB President Trichet, and French President Sarkozy have both ruled out any IMF involvement, stating that the EU can solve their own problems.

World equity markets were mixed-and US Futures are basicaly flat at this time.
Commodities are also lower accross the board.

Oil:$82.27                                       Gold:$1125.30

TIME FOR  EST PRIOR
8:30A.M. CPI MoM FEB. 0.10% 0.20%
8:30A.M. CPI EX FOOD & ENERGY MoM FEB. 0.10% -0.10%
8:30A.M. CPI YoY FEB. 2.30% 2.60%
8:30A.M. CPI EX FOOD & ENERGY YoY FEB. 1.40% 1.60%
8:30A.M. CPI CORE INDEX SA FEB. 22O.463
8:30A.M. CPI NSA FEB. 217.O43   216.687.
8:30A.M. INITIAL JOBLESS CLAIMS 13-Mar      455K    462K
8:30A.M. CONTINUING CLAIMS 6-Mar 4522K 4558K
8:30A.M. CURRENT ACCOUNT BALANCE      4Q    -$119.3B -$108.8B
10:00A.M. PHILADELPHIA FED.  MAR.      18.O     17.6O
10:00A.M. LEADING INDICATORS      FEB. 0.10% 0.30%

HAVE A GREAT DAY & GOOD LUCK

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