BetOnMarkets.com Morning Report

The FTSE is currently indicating a flat open, traders are going to wait to see the final reading of the UK GDP numbers before deciding where to take the market. Analysts are expecting for a -2.1% quarter over quarter reading, which would signify that the recession is getting stronger. The FTSE opening number greatly depends on this mornings data.

Crude oil is trading at an 8-month high and is set for its biggest quarterly gain since 1990, as the U.S. dollar declined and militant attacks in Nigeria raised concern that supplies may be disrupted. Royal Dutch Shell Plc shut an oil field after an attack by Nigerian rebels, disrupting supply from Africa's largest producer. Oil prices seem to have found a range, however oil disruptions will push the price higher.

Trade Of The Day

It seems like the Euro has been one of the biggest beneficiaries from the weakness in the USD. A 3 day one touch on the EURO/USD with a 1.4250 trigger pays 129% ROI.






Predicted opens as of 06:00 GMT:

FTSE: 4282.7 (-6.3)
CAC40: 3179.6 (-7.7)
DAX30: 4876.9 (-2.6)
DOW: 8510 (-14)
SP500: 924.83 (-0.37)
GOLD: 942.30 (+2.55)
OIL: 72.49 (+1.06)