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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Jan 21, 2009.

  1. Erik

    Erik BetOnMarkets Representative

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    Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

    The FTSE is currently indicating a lower opening, as traders wait for the release of the UK employment data. Analysts are expecting the rate to climb to 6.1% however, should the rate come out higher then expected, look for the FTSE to take a hit. Also being released today, are the minutes from the last BOE meeting. Traders are hoping the minutes will give a clue regarding how big the next rate cut will be.

    Crude oil benefited from profit taking as traders bought oil contracts to close out their short positions after March oil contract dropped 23 percent over the preceding 10 trading days. Oil will probably trade in a tight range until the release of the oil inventory numbers at 10.35 AM EST. Prices will probably fall as analysts are expecting another buildup of oil inventory.

    Predicted opens as of 06:00 GMT
    FTSE: 4037.7 (-46.80)
    CAC40 2891.00 (-29.80)
    DAX30 4201.7 (-17.80)
    DOW: 8053 (+106)
    SP500 815.48 (+5.75)
    Gold: 850.05 (-4.00)
    Oil: 41.13 (+0.34)


    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


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