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Bobbys Corner-Open Market-Sept.16.2009

bob-slade-forex-trading-6-150x200Good Morning:

The Euro posted a new yearly high overnight as the EUR/USD pair traded in the 1.47 handle.  Aussie also set a yearly high by breaking the 87.00 level.  The JPY is also strong as it  trades in the 90 handle.

Worldwide equity markets were mostly higher, and commodities traded higher as Fed Chairman Bernanke indicated that the recession is over.  Also Warren Buffett announced that he was back in the market buying equities, which added a sense of confidence in the marketplace.

Oil:$70.71                       Gold:$1018.00

Today’s Data:
CPI                   exp: .3%                            prior: 0.0
Acct Bal:        exp: -$92.0B                  prior: -$101.5B
Tic Flow:       exp; $60.0B                    prior: $90.7B
Ind Prod:      exp: .6%                            prior; .55
Cap Util:        exp; 69.0%                      prior: 68.5%