Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.
Bobby's Corner-Market Open 4.1.2008
Posted by Bob Slade on Tue, 04/01/2008 - 7:25am in
Tuesday April 1, 2008
Good Morning:
The greenback rallied overnight as disappointing economic data from Asia and Europe showed continued signs of a global economic slowdown.
Asian and European equities were higher. US futures are pointing towards a higher opening.
Gold: $902.20
Oil: $101.17
Gold traded below $900 for a brief time last night.
Today’s economic data at 10AM EST ISM manufacturing data for March: Expected 47.9 Prior: 48.3
(Any reading below 50 indicates a contraction in the US manufacturing sector).
Also:
Construction spending; expected to be down 1%
Have a GREAT DAY
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