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Bobbys Corner-Open Market-May.26.2010

bob-slade-forex-2-150x200Good Morning:

The euro continues to trade under pressure as speculation rises that the  the Euro Zone’s debt problems will derail economic growth within the region.  The single surrency weakened as data from Germany showed consumer confidence in the Euro Zone’s largest economy fell, and consumer spending in France  saw a decline.   
Italy’s government approved 26 billion euros worth of budget cuts, as they also struggle to control their deficit.
Markets are also keeping an eye on the political tensions rising on the Korean peninsula.

World equity markets along with commodities rallied overnight as investors looked to seek opportunities after the downward trends of the past few weeks.   U.S Futures are also higher at this time.

Oil:$70.74                                                        Gold:$1213.50         

Today’s Data

  8:30A.M. DURABLE GOODS ORDERS APRIL 1.40% -1.30% -1.20%
8:30A.M. DURABLES EX TRANSPORTATION APRIL 0.50% 2.80% 3.70%
10:00A.M. NEW HOME SALES  APRIL 425K 411K
  .  

Have a GREAT DAY & GOOD LUCK