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Bobbys Corner-Open Market-Jan.20.2011

bob-slade-forex-trading-3-150x200Good Morning:

A busy overnight session-as equity and commodity markets fell as concerns that China’s continued growth may cause global interest rates to move higher.  Though investors are not looking at this as a
instant threat-the concerns are there.
Commodity currencies turned lower, on the heels of an overall decline in commodity prices   

World equity markets are lower, which helped keep the USD and CHF firm-as investors head to the sidelines and await this morning’s US data.
US Futures are following the trend-and are pointing to a lower opening this morning.

Oil:$90.03                                                                  Gold:$1354.10

 

TIME FOR EST. PRIOR
8:30A.M. INITIAL JOBLESS CLAIMS 15-Jan 422K 445K
8:30A.M. CONTINUING CLAIMS 8-Jan 3985K 3879K
10:00A.M. EXISTING HOME SALES        DEC.      4.87M 4.68M
10:00A.M. EXISTING HOME SALES MoM DEC. 3.80% 5.60%
10:00A.M. LEADING INDICATORS DEC. 0.60% 1.10%
10:00A.M. PHILADELPHIA FED. JAN. 2O.4       24.3O

HAVE A GREAT DAY & GOOD LUCK