Looks like things will open up higer this morning with the dow futures up 30 at present, oil however is down 50 cents. No reports to speak of either but Bernake is speaking in a couple of hours so be careful out there.
I heard USD was up against CAD in foreign markets. Eager to see how that opens.
Well we are 4 minutes away from building permits and PPI reports which will really move the market. Currently the dow futures are up 50 and oil is just positive. See what happens when the smoke clears.....
Well that was ugly. Both building permits and PPI came in below expectations so a selloff is taking place. Be careful if you trade the currency markets....the BOC gives its interest rate statement at 7 am eastern.
The Bank of Canada left interest rates the same and the market didn't like it one bit. The Canadian Dollar futures are down almost a full penny at present.
woodycanuck:Yay! Maybe I can get back into CAD/USD on a nice dip. If only oil would do the same!
Looks like you got your wish.
This wednesday a.m. the dow futures are down 40 at present and oil is down 35 cents. Maybe a little follow through selling from yesterday but certainly weakness in the early going.
I forgot to mention that there are no major reports to speak of today.
A couple of major reports out in about an hour. In Canada core retail sales should make the market move and in the US Unemployment claims are due out.
Core Retail sales came in as expected in Canada and Unemployment Claims were higher than expected. Looks like we may have some selling pressure for the open.
Looks like a flat open for friday but existing home sales report is out at 10 eastern and old bald bernake is speaking today too.
hopefully monday we can recover some losses from this week, might as well take the day off lol
I was thinking Microsoft would hit, should have bought.
AMZN woulda been a good one too.