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Bobbys Corner

Bobbys Corner-Open Market-Aug.1.2011

Good Morning:

With no extra time to spare-Congressional leaders and the White House have agreed in principle to a new Debt-Limit deal.  Leaders will spend the day pushing this bill through their rank and file members.  The Congress expects to get this bill passed today-as the deadline is tomorrow August 2.
The greenback has been soft-even after the debt-limit deal had been announced.

Bobbys Corner-Open Market-July.29.2011

Good Morning:

I am back to writing Bobby’s Corner again.  I have been delayed by some registration and traveling obligations-but I am glad to be back at the writers table.

Bobbys Corner-Open Market-May.3.2011

bob-slade-forex-trading-3-150x200Good Morning:

Commodities dropped for the 2nd day, equity markets are lower, and the USD rallied a bit overnight.
1 year US  Treasury yields fell to a record low-and US Futures are lower at this time.

After yesterday’s early knee jerk reaction to the death of Osama bin Laden, the markets are settling back in as they assess the impact of the May 1 death.  

India’s central bank rose interest rates .5%, which is higher than expected, as they look to tame inflation.
Japan was closed overnight for a public holiday.

Bobbys Corner-Open Market-April.27.2011

bob-slade-forex-trading-6-150x200Good Morning:

Risk was back on center stage overnight-as Australian CPI data posted better than expected-pushing the Aussie through the 1.08 handle.
In the UK-GDP printed at .5%, which showed that the UK economy is fairly robust, even with their austerity measures and weak consumer sentiment.  The GBP rallied as many investors were anticipating weaker data.

Bobbys Corner-Open Market-April.21.2011

bob-slade-forex-trading-6-150x200Good Morning:

The USD saw more weakness overnight, posting across the board losses.
The Aussie jumped to a new high as better than expected PPI data and business sentiment reading helped lead the charge.
The Euro rose over 1.4640-but stabilized after IFO data should a slight decline for the 2nd month in a row.
GBP climbed easily  over the 1.6550 handle as UK retail sales printed better than expected.

Bobbys Corner-Open Market-April.20.2011

bob-slade-forex-trading-3-150x200Good Morning:

Risk took center stage in overnight FX markets.  Euro was strong after a robust Spanish bond auction-and positive flows from Asia.
Aussie was the main attraction-as the AUD/USD pair rose to a new post float high of 1.0685.  The GBP took a back seat as dovish comments from the BOE showed that interest rates may not be rising any time soon.
The JPY lost some ground-as commodities and equity markets gained overnight.

Bobbys Corner-Open Market-April.19.2011

bob-slade-forex-trading-8-150x200Good Morning:

The euro rose overnight versus the USD and JPY as data showed that Germany’s manufacturing growth rose unexpectedly.  This adds to the markets speculation that the ECB will need to raise interest rates in the near future.
In other EU news-yields on Greek 2 year notes rose to 20%-as investors realize that the country will need to restructure it’s debt.
Down-under-the RBA seems to be content with rates where they are-and the Aussie will likely be driven by market activity-rather than any fundamental news from Australia.

Bobbys Corner-Open Market-April.11.2011

bob-slade-forex-trading-3-150x200Good Morning:

We start the week on a quiet note in the FX markets.  It was a fairly uneventful overnight session-with very little on the global calender-and nothing on North America’s calender today-the markets may be like a boat without a driver today-just  floating in the water.
The only notable event today is that Fed Vice Chairman Yellen will give a speech to the Economic Club of New York this afternoon.  Over the weekend Ms. Yellen made comments that it is to soon to lift the Fed’s “accommodating policy”.

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