Bobbys Corner

Good Morning:

Good Morning:

A fairly stable overnight session brought no new surprises to the market.  The GBP lost some steam as UK housing showed a larger than expected drop in prices.  EZ data showed that GDP in the region printed at 1%-as expected.
The  ECB left key interest rates unchanged, which was expected.  The ECB may keep themselves in “crisis mode” till next year-as the economy is still too fragile to take away any of the stimulus measures that are in place.

Good Morning:

The USD and JPY fell versus all major counterparts, as data from China showed that manufacturing is expanding.  This caused investors to seek higher-yielding assets.
The Aussie rose as data showed that their economy grew by the fastest pace in over 3 years.
Today we have data on the growth of US manufacturing, and the data is expected to be disappointing.
On another note-The Swedish krona rose as data from this Scandinavian country showed that manufacturing expanded for the 15th month in a row.

Good Morning:

Good Morning:

The UK is closed today for their summer bank holiday-thus thinning out the ranks of market participants for a Monday.
The JPY advanced as speculation that the BOJ will increasee credit easing measures. 
Policy makers in Japan indicated that they want a weaker Yen.  They did not take direct steps to weaken the JPY, but made every indication that they will f necessary.
Asian equity markets were higher, and European markets are lower.  US Futures are also lower this mornng.

Good Morning:

Both the Yen and USD lost some ground overnight as Asian and European equity markets posted positive results.
With stocks trading in the green-the demand for safe haven currencies dropped.

Good Morning:

Alert!: Durable Goods rises .3%-the data was expected to rise 3%.
The data points to continued speculation that the economy is slowing.

Good Morning:

The Yen rose to a 15 year high against the USD, as continued concerns that the global recovery is faltering has investors running to the safe refuge of the JPY.  The USD also rose.
 Data out of Europe suggested that the German economy is showing strength. 
Today we have data in the US regarding the ailing US housing market.  The expectations are for more disappointing news regarding Existing Home Sales.

World equity markets are mostly lower, and US Futures are also pointing to a lower opening this morning.

Good Morning:

The JPY and USD lost some ground overnight, as positive equity markets reduced demand for the safe haven of these currencies.  The overall rise in the Yen is causing concerns from the Japanese Government, and may prompt calls to slow the acceleration.  
The Euro rose a bit even as the ZEW survey was mixed, but it seems that the German and French economies are showing good signs for a recovery.  Next week’s IFO data will give investors a clearer picture of economic growth in the Euro region.

Good Morning:

The week starts out with disappointing data from Japan.  The GDP data from Japan printed at .1% compared to the .6% expected.  This data suggests that the strength of the  global recovery may be weaker than expected as the world’s 3rd largest economy cools down as consumer demand dwindles in Japan.
Data from the UK also was disappointing, as the housing sector shows an overall slowdown.