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Bobbys Corner-Open Market-Feb.4.2011

bob-slade-forex-1-150x200Good Morning:

A quiet session overnight before this morning’s US employment data.

The USD stayed near it’s weekly high, as speculation that the employment data this morning will show that the US added more jobs. 
The majors traded in narrow ranges as traders squared up positions before this morning’s release.
With a large blizzard that caused problems throughout a big section of the country during the time that the US government gathers the NFP data-the numbers this morning may be a bit misleading.  We will wait and see.

Protests in Egypt gained support as they called for today to be the “day of departure” for President Mubarak.
Today may well be a “decisive” day in Egypt’s future-and the world will be watching.

World equity markets rose-US Futures are also higher at this time.

Oil:$91.13                                                        Gold:$1348.70

TIME FOR EST.
8:30A.M. CHANGE IN NONFARM PAYROLLS 140K 103K
8:30A.M. CHANGE IN PRIVATE PAYROLS 140K 113K
8:30A.M. CHANGE IN MANUFACT. PAYROLLS         10K 10K
8:30A.M. UNEMPLOYMENT RATE 9.50% 9.40%
8:30A.M. AVG. HOURLY EARNINGS MoM ALL EMP. 0.20% 0.10%
8:30A.M. AAVG. HOURLY EARNING YoY ALL EMP. 1.70% 1.80%
8:30A.M. AVG. WEEKLY HOURS ALL EMP. 34.3O       34.3O

HAVE A GREAT DAY-WEEKEND & GOOD LUCK

For those lovers of US “Football”-enjoy Sunday’s Super Bowl.