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BetOnMarkets Morning report

Discussion in 'Market Predictions and Reports' started by Erik, Apr 3, 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 US non farm payroll report to decide where the market is heading. The report which does not come out until 12.30GMT will show the total number of jobs shed by the US economy during the month of March. Since most analysts are counting on the rebound of the US economy to help the rest of the world, the FTSE levels will depend on what the NFP report shows.
    Crude oil is down this morning trading around the 52 dollars per barrel level as the commodity faced profit taking and news that the IEA is likely to cut its forecast for global energy demands on declining economic growth projections. Oil prices are likely to be very sensitive to the Non Farm Payroll which is released at 12.30GMT.

    Predicted opens as of 06:00 GMT
    FTSE: 4113.1 (-3.2)
    CAC40 2973.10 (-17.70)
    DAX30 4356.1 (-20.4)
    DOW: 7990 (+24)
    SP500 837.98 (-1.25)
    Gold: 904.65 (+1.10)
    Oil: 51.84 (-0.75)


    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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