Bobby's Corner Market Open 6.13.2008

Good Morning:

The dollars rally continued-as the dollar had its best trading week in 3 years.

The dollar appreciated ahead of the G8 meeting this weekend.  Speculation in the marketplace is that the G8 will agree that a stronger greenback is in everyone’s best interest. 

The Euro also lost steam on the heels of a vote regarding the governing treaty with in the EU in which there are concerns that Ireland may reject the treaty.

 European and Asian stocks were lower on continued concerns that central banks worldwide will be looking to increase interest rates as inflation concerns continue.

 Oil: $135.40                                        Gold: $865.70
Today we have data on: 

CPI:     Exp:  .5%   Prior:  .2%

U of Mich Confidence Report:   Exp:  59.0                   Prior: 59.8

 Have a GREAT DAY, GREAT WEEDEND& GOOD LUCK