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 4.10.2008
Posted by Bob Slade on Thu, 04/10/2008 - 8:22am in
Thursday April 10, 2008
Good Morning:
The Euro traded over 1.59 versus the dollar overnight as traders await the interest rate decision by the ECB. As expected, the ECB left interest rates unchanged at 4%.
The BOE cut interest rates by 25 bps to 5% amid signs of a weak economy.
European equity markets are lower as concerns that corporate profits will be worst than expected as borrowing costs continue to rise with the ever growing credit crisis.
US Futures are pointing to a lower opening on Wall Street this morning.
Oil: $111.40
Gold: $940.40
Today’s economic data:
Trade Balance: Expected: -57.5 Bil USD Prior: -58.2 Bil USD
Jobless Claims: Expected: 383K Prior: 407K
Have a GREAT DAY
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