Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com
The FTSE currently indicates a strong open, as traders are waiting for the release of the UK Producers Price Index. Traders are hoping to continue the latest rally, and hopefully the
PPI numbers help continue the streak.
Crude oil is poised for the biggest weekly gain since March, on signs the global economy may be starting to recover. Oil has advanced this week as equity markets rose on speculation the outlook for growth is improving. Later today the US Non-Farm Payroll will be released; traders have already priced in better then expected numbers. Should the numbers disappoint look for the price of oil to crash.
Even with hints of an improving economy the EUR/USD has been climbing, and its in my opinion that the trend will continue. A 5 day Bull beat with a 1.3400
trigger pays 108% ROI
Predicted opens as of 06:00 GMT
FTSE: 4437.1 (+35.8)
CAC40 3283.20 (+34.20)
DAX30 4836.1 (+30.60)
DOW: 8469 (+65)
SP500 914.85 (+4.62)
Gold: 913.05 (+0.40)
Oil: 57.26 (+0.61)
BetOnMarkets.com is the worlds leading fixed odds financial trading website. Since inception in 2000 it has processed over 15 million trades on financial indices, UK and US equities, gold and currencies. Over 130,000 clients have the ability to place trades from 1 to 25,000 GBP.
BetOnMarkets.com
BetOnMarkets Morning report -
05-08-2009, 08:04 AM
Linear Mode
