Please find below the Morning Report from David Evans, market analyst at
www.BetOnMarkets.com
The FTSE is currently indicating a flat open, as traders are waiting for the
release of the UK Producers Price Index. With interest rates at an all time
low, analysts that are worried that inflation will spiral out of control
will be paying close attention to todays data. The FTSE is likely to start
the last day of the week on the positive side. Crude oil got a boost
overnight from Goldman Sachs Group Inc. which announced that oil prices may
reach $85 a barrel by the end of the year as demand recovers and supplies
shrink. Their theory will be put to the test this afternoon when the US
Labor Department announces the employment numbers for May. Tomorrows
Non-Farm Payroll numbers will bring with it some volatility to any USD pair.
A good value play would be a 5 day break out play on the GBP/USD with
triggers at 1.58 and 1.64 pays 21% ROI .
Predicted opens as of 06:00 GMT
FTSE: 4408.4 (+26.4)
CAC40 3324.5 (+13.2)
DAX30 5083.9 (+14.9)
DOW: 8744 (+ 2)
SP500 942.68 (+0.50)
Gold: 978.40 (-1.15)
Oil: 69.28 (+0.48)
