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commodities

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.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-Oct.14.2010

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

I am writing again from Kuwait-and we will be heading to Qatar at the end of the week.

Bobbys Corner-Open Market-June.3.2010

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

The JPY traded lower overnight as signs that the global economy is getting stronger-thus dampening the demand for the Japanese currency as a safe haven.  The JPY also declined due to the political changes going on in Japan. Prime Minister Hotoyama resigned and Finance Minister Kan is expected to fill his shoes, and Kan has already made comments that he wants the JPY to weaken-as a higher yen slows profits for exporters, who have lead Japan’s recovery. 

Bobbys Corner-Open Market-March.12.2010

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

The USD lost ground overnight as speculation that the Fed will keep interest rates low reduced demand for USD dominated assets.  In other news, Janet Yellen will most probably be selected as vice chairman of the Fed.  Ms Yellen is currently President of the San Francisco Fed, and has been a staunch supporter of lower interest rates to combat the global recession.

Bobbys Corner-Open Market-Feb.16.2010

bob-slade-forex-trading-4-150x200Good Morning:

I am writing to you from the Traders Expo in NYC.  NYC also had a few inches of snow overnight-like we need anymore?

Bobbys Corner-Open Market-Jan.29.2010

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

The JPY fell overnight as speculation that Japan’s central bank will curb the JPY’s strength.  The Euro continues to be under pressure as Greece’s budget deficit problems persist.  Speculation in the marketplace is that Greece will not be able to reduce their budget deficit without outside assistance.

Asian equity markets were lower-and Europe is higher at this time.  US Futures are pointing to a higher opening this morning.

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