BetOnMarkets.com Morning Report

The FTSE is currently indicating a flat open, as traders are waiting for the release of the UK Purchasing Managers service index. With the US off for a long weekend, this might be a very quiet trading session. The FTSE will need less then 30 points to finish the week in the positive territory.

Crude oil is heading for a third week of declines after a U.S. report showed unemployment in the worlds largest energy-consuming nation last month rose to the highest in almost 26 years. Adding to yesterdays sell off were traders who loaded up on oil contracts on speculation that the US employment data would improve.

Trade Of The Day

The Euro/USD got rejected at the 1.4200 level; however another run at the number is probably in the cards. A one touch bet on the Euro/USD with a 6 day term and a 1.4200 trigger pays 133% ROI.






Predicted opens as of 06:00 GMT:

FTSE: 4228.5 (+3.7)
CAC40: 3107.8 (-5.7)
DAX30: 4712.6 (-9.7)
DOW: 8304 (+10)
SP500: 898.23 (+1.25)
GOLD: 932.95 (+2.00)
OIL: 66.32 (-0.35)