The FTSE currently indicates a weak open, even after the rightmove house prices index showed that home prices have increased for the third straight month. It now seems that while the housing situation is improving, the equities market is expecting a faster recovery. With no other economic news today, look for the FTSE to open in the red.

Crude oil trading around the $52 mark as reports this week may show any economic recovery in the US, the world’s biggest oil user, will be slow to develop. Traders will probably wait until the inventories report to see if a move above the 55 dollar level is warranted.

Here is an interesting Fixed-Odds value play:

A break out play on the euro/usd with the upper level being $1.32 and the lower one being $1.27 for 11 days pays a 20% ROI.

Predicted opens as of 06:00 GMT

FTSE: 4073.9 (-21.4)
Gold: $865.90 (-$1.05)
Oil: $52.23 (-$0.21)

By David Evans, market analyst, BetOnMarkets.com.

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