BetOnMarkets Morning report

Erik

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

The FTSE currently indicates a weak open, even after the righmove house prices index showed that home prices have increased for the third straight month. It now seems that while the housing situation is improving, the equities market is expecting a faster recovery. With no other economic news today, look for the FTSE to open in the red.
Crude oil trading around the 52 dollars per barrel mark as reports this week may show any economic recovery in the U.S., the worldメs biggest oil user, will be slow to develop. Traders will probably wait until the inventories report to see if a move above the 55 dollar level is warranted.
Here is a good value play
A break out play on the euro/usd with the upper level being 1.32 and the lower one being 1.27 for 11 days pays a 20% ROI.


Predicted opens as of 06:00 GMT
FTSE: 4073.9 (-21.4)
CAC40 3082.70 (-5.60)
DAX30 4642.2 (-7.3)
DOW: 8086 (-46)
SP500 864.53 (-5.50)
Gold: 865.90 (-1.05)
Oil: 52.23 (-0.21)


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