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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Jan 29, 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 flat opening, as traders wait for the release of the nationwide house prices. While analysts are hoping for a small negative number, there is a chance that the value of houses fell by more then the 1.7%. This would be enough to push the FTSE into the red.

    Oil prices fell for another day as concern that the FOMC has ran out of ways to stimulate the economy grows. Oil prices also are suffering from over supply, as OPEC is having a hard time making sure that all members stay within their quota. Look for crude to test the 40 dollars per barrel mark by the end of the week.

    Predicted opens as of 06:00 GMT
    FTSE: 4296.8 (+5.8)
    CAC40 3084.80 (+13.00)
    DAX30 4521.3 (+11.0)
    DOW: 8343 (-22)
    SP500 870.98 (-3.25)
    Gold: 884.40 (-0.65)
    Oil: 41.98 (-0.04)



    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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  2. Erik

    Erik BetOnMarkets Representative

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    The FTSE is currently indicating lower opening as traders wait for the release of the net consumer credit numbers. While the Bank of England can cut interest rates to help the economy, none of that really matters if the chartered banks are not going to lend that money to consumers or companies. If the numbers come out worse then expected, the FTSE is likely to end the week on a negative note.

    Crude oil is set for a weekly decline of 11 percent, as concerns about a deeper U.S. recession outweighed OPEC pledges to increase output cuts. Later today, the US GDP numbers will be released, and analysts are expecting a fall of more then 5%. Should the number come out worse, oil could end the week below the 40 dollars per barrel level.

    Predicted opens as of 06:00 GMT
    FTSE: 4170.6 (-15.7)
    CAC40 2989.10 (-18.40)
    DAX30 4390.3 (-29.5)
    DOW: 8182 (+37)
    SP500 849.73 (+4.00)
    Gold: 902.10 (-4.35)
    Oil: 41.56 (+0.01)

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