The FTSE 100 currently indicates a very weak open, as traders worry that the economy is not showing any signs of a bottom. Concerns are especially elevated with the US GDP numbers due out on Wednesday of this week. Analysts are expecting the US economy to contract by almost 5% for the first quarter, and the FTSE100 is likely to start the day in the red. Crude oil prices fell for a second day on concern that the swine-flu outbreak will curtail travel, delaying a recovery from the global recession. Oil declined as the World Health Organization raised its global pandemic alert to the highest since 2005. Slowdown in demand might cause another stockpile of inventory which will show up next week. Look for oil prices to dip lower.

My Suggested Fixed Odds Trade Of The Day

Swine flu appears to be spreading, but so far the deadliest outbreak seems to be confined to Mexico. The Yen has found support as a ‘safe’ currency in recent times, but this could reverse if the pandemic passes without further international tragedy. A No Touch fixed odds trade predicting that the dollar yen will not touch 95.00 at any time during the next 7 days could return 158%. As always you can find all the latest currency trading news, live news, latest prices on the currency charts, or the latest movements on the index charts by following the appropriate links, and if you are looking for a good fx broker or fixed odds broker, then again just click the relevant link.