Not a Member? Join Now!   Already a Member? Sign In!


Bobbys Corner-Open Market-Jan.4.2011

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

The first full trading day of 2011 got underway with risk on the plate as the main course.  With all of the major centers back after the New Years holiday-the equity markets were poised for a rally after yesterday’s 90+ point increase in the Dow to start off 2011.

Bobbys Corner-Open Market-Dec.22.2010

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

Today we are awaiting the final GDP data for Q3.  The markets anticipate a higher than previously estimated number.
The USD was a touch softer as investors look for higher-yielding assets as the economic picture globally is looking a little brighter.
The euro was stronger after Germany announced that import prices rose 10% over a year ago.
Cable was lower after data in the UK showed that they British economy grew at a slower pace than originally estimated.

Bobbys Corner-Open Market-June.23.2010

bob-slade-forex-2-150x200Good Morning:

Cable was the overall winner in overnight trading. Yesterday’s budget statement was well accepted by the markets and general public.  UK Chancellor Osborne stated that the country’s main goal is to cut their debt.   Notes from the last BOE revealed that their was a call for a rise in interest rates by 1 member, but the majority left interest rates unchanged.

On another note the USD/JPY is getting close to the 90.00 level-which is a psychological level that always makes the Japanese authorities uneasy as they see the yen gaining strength.

Syndicate content