Wednesday, April 2, 2008

Good Morning:The dollar rally lost steam overnight as it fell against other major currencies.

Today’s testimony to Congress from Fed Chairman Bernanke, along with today’s ADP Employment report added nervousness to the market.

Asian and European equities were higher led by financial institutions.

US futures are pointing to a higher opening.

• Oil: $ 101.30
• Gold: $ 886.50

ADP Employment report which was expected to be -40K but came in at +8K.  We will see data on factory orders at 10AM

 
Have a GREAT DAY