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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Feb 18, 2009.

  1. Erik

    Erik BetOnMarkets Representative

    Jul 23, 2008
    Likes Received:
    Please find below the Morning Report from David Evans, market analyst at BetOnMarkets.com

    The FTSE is currently indicating a flat open, as traders are waiting for the release of the minutes from the last meeting of the Bank of England. Traders are hoping to see if there are any clues in the minutes regarding future interest rate cuts. The opening price of the FTSE will greatly depend on what clues will be found in the release.

    Crude oil traded below $35 a barrel on speculation that U.S. stockpiles climbed for the 19th time in 21 weeks amid a drop in demand because of the global economic contraction. While prices of the WTI oil are trading under 35 dollars per barrel, Brent oil is trading above 40 dollars per barrel. The price of crude will probably stay around the 35$ level until the inventory report later this week.

    Predicted opens as of 06:00 GMT
    FTSE: 4027 (+1.2)
    CAC40 2860.60 (-12.90)
    DAX30 4201.7 (-25.8)
    DOW: 7555 (+5)
    SP500 791.28 (+3.00)
    Gold: 969.05 (-1.15)
    Oil: 38.36 (+3.48)

    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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