BetOnMarkets.com Morning Report
The FTSE is currently indicating a weak open, as
traders are worried that yesterdays bad US ADP numbers will be matched by worse
then expected US employment date today. Analysts pay close attention to the job
numbers to figure out the health of the economy, and traders are betting that
the numbers will disappoint.
Crude oil is trading around the 69 dollars per
barrel mark after falling in the past two days, as demand for refined products
in the U.S. remained weak and any hints of a recovery were thrown out the window
after really weak employment data from US.
Trade Of The Day
With the USD weak against all the major currencies, a 5 day one
touch on the GBP/USD at 1.6600 pays 49% ROI.
Predicted opens as of 06:00
GMT:
FTSE: 4313.4 (-26.9)
CAC40:
3187.9 (-26.4)
DAX30: 4868.9
(-16.9)
DOW: 8484 (-14)
SP500: 921.23
(-2.00)
GOLD: 938.85 (-1.30)
OIL: 68.98
(-0.34)
