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 5.2.2008
Posted by Bob Slade on Fri, 05/02/2008 - 8:18am in
Friday May 2, 2008
Good Morning:
The dollar continued to strengthen in overnight trading. Weak retails in Germany, along with the UK Construction PMI Index falling-all assisted in the dollar moving up.
Stocks rose in Europe and Asia as speculation that the troubles in the financial markets may be subsiding.
US Futures also rose pointing to a higher opening.
Oil: $113.04
Gold: $854.10
Data Today:
Nonfarm Payrolls: Expected -75K Prior: -80K
Unemployment Rate: Expected 5.2% Prior: 5.1%
Factory Order @10AM Expected .2% Prior: -1.3%
Have a GREAT DAY and GREAT WEEKEND
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