December 23, 2009 7:08 AM
Bobbys Corner-Open Market-Dec.23.2009
0
Good Morning:
As speculation mounts that the US is exiting from the worst recession in 60 years, the USD has continued to rally.
With good U.S. data, investors are buying the greenback prior to the year end. With interest rates at near zero the USD may come under pressure again in 2010.
World wide equity markets rose, and US Futures are pointing to a higher opening this morning. Continued speculation that world economies are recovering from the global recession have lead the equity markets to post positive returns the past few months.
Oil and copper rose, Gold is range bound.
Oil:$74.81 Gold;$1088.20
HAVE A HAPPY FESTIVUS for the rest of us!
GOOD LUCK & HAVE A GREAT FESTIVUS!
- Plosser says no need for further policy accomodations
- Retail Sales: Weaker headline, Better Ex Auto. Revisions not so good. Dollar higher
- US Import Price Index at expectations while Advance Retail Sales higher yet lower than expected
- BOE’s King says UK inflation to fall to around 2% by the end of 2011.
- ZEW comments
- Eurozone ZEW -8.1 (-32.5 prior).
- UK CPI Jan (y/y) 3.6% as expected.
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