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Technical

Bobbys Corner-Open Market-Aug.18.2009

bob-slade-forex-trading-5-150x200Good Morning:

The Euro gained overnight as German investor confidence surged to the highest level in 3 years.  The market looks at this data as another sign that the worldwide recovery is starting to take hold.  

Worldwide equity markets and metals rose on the heels of this morning’s German investor confidence data.
This morning’s US housing starts data is expected to rise, and this speculation also added to the equity and commodity markets rally overnight.

Oil:$67.40                          Gold:$937.50

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