Thursday, 5 April 2007

With the British sailors flew home yesterday, not on a Persian carpet by the way as there's none big enough to seat 15 people, the stock markets around the world can now get on with their business with no excuse. Having said that some traders are reluctant to take serious POSITIONS because of the Easter Bank holidays ahead. On a more important front, the news of the Monthly Nonfarm Payrolls in the US, scheduled to be announced tomorrow which has coincided with the Easter holidays - TRADERS ought to practice more caution. This news item is a real market mover - so watch your bets you CFD traders out there.

The Crude prices temporarily dropped after it was announced the British sailors were to be released but that news was offset by disappointing data on oil stockpiles in the US, the world's biggest consumer of energy - the price of US Crude has been oscillating between 64 and 65 for the past 24 hours - I would suspect, if there is no more hanky-panky by the sailors around the world the prices should eventually come down!!

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