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


Bobbys Corner-Open Market-Oct.10.2012

Good Morning:

A fairly lackluster overnight session-with the majors showing no real activity.

Fitch Ratings commented that the US fiscal cliff, EU crisis, and a potential “hard landing” for the Chinese economy will be
a risk to the global economy.  Thanks-I think we knew that!

Some economic data out of China

Fixed asset investment ytd/y 21.5% vs. 19.8% expected

Industrial production y/y 11.4% vs. 12.4% expected

Retail sales y/y 14.7% vs. 17.4% expected

Geithner on the Wires


  • U.S, China making ‘progress’ on economic ties
  • ‘Promoting changes’ in china policy direction
  • ‘Gradual improvement’ in global economic outlook
  • Sees China moving toward ‘more flexible exchange rate’

Bobbys Corner-Open Market-Jan.20.2011

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

A busy overnight session-as equity and commodity markets fell as concerns that China’s continued growth may cause global interest rates to move higher.  Though investors are not looking at this as a
instant threat-the concerns are there.
Commodity currencies turned lower, on the heels of an overall decline in commodity prices   

Bobbys Corner-Open Market-Jan.6.2011

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

The USD continued to trade stronger in the overnight sessions.  Concerns that the slow recovery in some EU countries will keep the debt crisis on the front burner for some time to come.  China stated that it will buy 6 billion euro of Spanish debt.  Investors will be looking to see if China’s purchases can calm speculators-or will Spain be the next recipient of an EU bailout?

 World equity markets traded higher-and US Futures are also pointing to a higher opening this morning.

Bobbys Corner-Open Market-Jan.3.2011

bob-slade-forex-trading-7-150x200Good Morning:

Welcome to the first trading day of 2011.  I want to wish everyone a Happy & Healthy New Year.

With a slow start to the new trading year-as Japan, and many European centers still on a bank holiday until tomorrow -the markets will resume where we left off at the end of 2010.

Bobbys Corner-Open Market-Dec.29.2010

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

I am back in town after being stuck in the snow at my house for the past 2 days.
As much as it is 2010-it is still amazing that 2 feet of snow paralyzes an entire region for days.

 The markets are really quiet-as the week between Christmas and New Years is historically a quiet time-the snowstorm that hit the east coast added to the quietness, as many participants are stuck (or just decided to stay) at home.

China announced an interest rate increase which was highly expected by the marketplace. 

Bobbys Corner-Open Market-Dec.21.2010

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

Moody’s Investor Services stated today that they may be looking at a rating downgrade for Portugal, as they state that “sluggish” growth in Portugal will be the main culprit in any upcoming downgrade.
Comments from China that they have taken “concrete action” to ease the sovereign debt crisis, and that China backs  the EU’s efforts to ensure financial stability helped the Euro maintain throughout the morning trading session. 

Syndicate content

Market Snapshot