It's Friday..and hopefully not FRY-day and we all get fried,but this should set the tone of the mid day trading..

In the U.S., the October retail sales and November University of Michigan consumer confidence index will undoubtedly take the limelight, and set the tone for market activity during the day. And with the recent decline in the stock markets and worsening labour market conditions hitting consumers particularly hard in October, we expect U.S. retail sales to fall by a sizable 2.0% M/M in October. However, given that much of the weakness in the headline number will be due to a plunge in car purchases, sales excluding autos should post a more modest 1.0% M/M drop. We also expect the Michigan October consumer confidence report to be very weak, with the index falling to 53 from 57.6 previously

But gold is up strong this morning and oil is so so or about even and all the base metal and precious metals were up this morning..

So that is the forcast at 0-eight hundred hours ...

Happy trading and no more Finn jokes...they are too fishy..

Portee