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Bobbys Corner-Open Market-Jan.4.2010

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

HAPPY NEW YEAR!

Higher yielding currencies took center stage in the New Year , as investors appetite for riskier assets rises.

Oil rose for the 8Th day- trading above $80/barrel for the first time since November  2009.  Oil will be under pressure as colder temperatures hit the US.

Stock rose worldwide, and commodities also traded higher as data from China showed manufacturing expanded at the fastest pace in over 5 years. 

Oil: $80.90                                                  Gold:$1117.50

  TODAY’S RELEASES
TIME FOR  EST PRIOR
10:00AM  ISM MANUFACTURING  DEC  54.3O  53.6O
10:00AM  ISM PRICES PAID DEC  57.5O  55.O
10:00AM  CONSTRUCTION SPENDING MoM DEC  -O.5% 0.00%

HAVE A GREAT DAY & GOOD LUCK