Forex Blog by Greg Secker

The Dow fell at the open and traded lower during the session closing down 218 points and below the important 13,000 level. The S&P fell 25 points, the NASDAQ fell 43 points back to its 200 ema. The FTSE, writes Greg, 100 continues in its current short term down trend setting new lows again yesterday as the index fell 170 points, watch out for a reaction rally over the next few trading periods. The FTSE, writes Greg, 250 fell 361 points back to the 10400 level which is the level the index fell to back in August, watch for a break or bounce from this level. Futures – DOW is called up 100 points, FTSE is called up 45 points. Oil is trading at $94.50 a barrel and gold at $783.