Bobby's Corner-Market Open 4.29.2008

Tuesday April 29, 2008

Good Morning:

The dollar advanced today as the FOMC begins a 2 day meeting, culminating in an interest rate announcement on Wed April 30.  Speculation that the Fed may signal they are close to pausing their interest rate reductions caused the dollar to rise.

Equities in Asia and Europe dropped as earnings forecasts are disappointing investors.

Oil: $117.55

Gold: $885.30

We have data on consumer confidence at 10AM

Expected: 62.0   Prior: 64.50

 
Have a GREAT DAY