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 4.14.2008

Posted by Bob Slade on Mon, 04/14/2008 - 8:53am in

Weaker USD

Monday April 14, 2008

The dollar continued to be battered after Wachovia announced an unexpected loss due to

subprime mortgage issues. The G-7 meeting this weekend produced no concrete steps to

address the credit crisis.

Equity markets in Asia and Europe fell as the G-7 minister’s negative comments on the state of the world economies added nervousness to an already jittery market.

US Futures are lower.

Oil: $111.11

Gold: $ 929.90

Today we have data on Advanced Retail Sales and Business Inventories.

Have a GREAT DAY