Wednesday, May 23, 2007

Pre market

The indices across Asia are fairly bullish as Shanghai continues making record highs. Europe is even more bullish .

Target beats analyst profit expectations though revenue is slightly lower than forecast.

The US Dollar has been growing stronger as of late though its approaching the bottom of its 50 day MA where resistance lies.If the USD can break out perhaps there will be a change in the market trend.

Pre market futures show a strong open for the markets.

No comments: