DJ -52, as the dollar strengthened on fears tied to the growing fiscal crisis in Europe and a dour report on U.S. sales of new homes raised concerns about the economic recovery. Europe flat, mixed.
8.30: DJ futs -2. Regional mixed, NK +35 on weaker yen. KOS -3 on DJ losses. Commodity down 1% to 2% on stronger dollar against Euro. GOLD -1.5%. CO -1%.
fkli : no attempt at 20 expected today, bulls are likely to take a defensive role. 1310-1313 for a start but dw risk is 1305 if 1310 breaks. Fbm will remain a sell if below 1310, target 1303.
fcpo : SO is dw 0.6%,giving bears fcpo some incentives to break 2550 support again. Howewer risk another breakdown below 30 is unlikely. Jun10 is seen taking a negative trading range of 2530-2560.
3 years ago
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