The FTSE is currently indicating a slightly stronger open, as traders wait
for the release of the GBP DCLG UK House Prices. There is some indication
that the economic data is showing some improvement in the economy. The FTSE
is likely to open to day in the black. Crude oil is up in early trade, as
most Asian stocks rose after economist Paul Krugman said the U.S. recession
may end this year, and increasing the need for more oil. Oil got another
boost as the US dollar declined, boosting the appeal of commodities as a
hedge against a weaker U.S. currency. Oil prices are likely to continue to
test the 70 dollar level. Here is a bet with some value, a 7 day no touch on
the Euro/Jpy with a trigger at 140.00 pays 24% ROI.
Predicted opens as of 06:00 GMT
FTSE: 4417.7 (+21.9)
CAC40 3307.5 (+19.0)
DAX30 5032.9 (+28.9)
DOW: 8735 (-25)
SP500 936.28 (-3.00)
Gold: 948.20 (-2.45)
Oil: 68.48 (+0.27)
Morning Report from David Evans, market analyst at www.BetOnMarkets.com
