Forex Blog by Greg Secker

The DOW fell at the open but rallied during the session on hopes of further interest rate cuts on Wednesday, ending the session up 176 points. The S&P added 23 points and the NASDAQ closed up 23 points. The FTSE, writes Greg, 100 gapped lower at the open and traded lower for most of the session before putting in a rally to the close ending the session down 80 points. Futures – DOW is called down 20 points, FTSE is called up 45 points. Oil is trading at $90.86 a barrel and gold is setting new highs at $933.50.