Bobbys Corner-Open Market-March.31.2010
Good Morning:
I have been away for a few days with my family, and have kept abreast of the economic and political woes of the world. With bombings in Russia and the EU still unclear of the debt issues within the Euro-Zone, the news has been anything but boring.
Moody’s made comments that many EU countries need “brutal” budget adjustments in the near future to avaod debt explosion.
The JPY fell along with the USD. The JPY dropped overnight as economists are looking for a positive ADP payroll report this morning. Unexpectedly the ADP report showed a drop of 23K-which turned the USD negative.
Asian equity markets fell, and European markets rose. USD futures are slightly lower this morning.
Oil:$83.07 Gold:$1109.90
| 7:00A.M. | MBA MORTGAGE APPLICATIONS | 26-Mar | -4.20% | |||
| 8:15A.M. | ADP EMPLOYMENT CHANGE | MARCH | 40K | -20K | ||
| 9:45A.M. | CHICAGO PURCHASING MANAGER | MARCH | 61.O | 62.6O | ||
| 10:00A.M. | FACTORY ORDERS | FEB. | 0.50% | 1.70% | ||
| 10:00A.M. | NAPM-MLWAUKEE | MARCH | 58.O | 56.O | ||
HAVE A GREAT DAY & GOOD LUCK
(Aug 30, 2010)
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