Bobbys Corner-Open Market-Aug.28.2009

bob-slade-forex-trading-3-150x200Good Morning:

The Greenback picked up overnight as US stock futures dropped after a report that China will be looking to curb overcapacity in industry, including steel and cement.
The Euro gained in early trading after the German IFO survey was higher than expected, but not strong enough to keep the Euro in positive territory.

Asian equity markets were higher-European markets are lower after some disappointing corporate profits.

Oil:$71.89 Gold:$948.50

Todays data:
Durable Goods: exp:3.0% prior: -2.5%
New Home Sales: exp: 390k prior: 384K

HAVE A GREAT DAY & GOOD LUCK

Labels: