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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Mar 23, 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 open, as traders are waiting for the Japanese equity markets to closes and Europe to open before deciding if last weeks run-up is over or not. With no economic data to guide them along, traders will be careful not to fall for the classic bear market run up. Look for the FTSE to open on a positive note.
    Crude oil is currently trading at its highest in almost four months as the US dollar extended its losses against all the majors, increasing the investment appeal of commodities. Traders note that this latest run up has very little to do with the change in fundamentals and more with the falling currency rate of the USD.

    Predicted opens as of 06:00 GMT
    FTSE: 3838.9 (-4.1)
    CAC40 2776.90 (-10.90)
    DAX30 4068.00 (+7.2)
    DOW: 7365 (+98)
    SP500 779.23 (+12.00)
    Gold: 951.00 (-1.18)
    Oil: 52.43 (+0.30)


    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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