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


Germany’s Merkel Speaks at Conference in Berlin


  • There isn’t ‘one solution’ for debt crisis
  • ECB cant be ‘bazooka’ in debt crisis
  • Joint Euro-Area bonds aren’t answer to debt crisis
  • Joing Euro bonds may work at end of political union
  • Closer EU political union needed against crisis
  • EU treaty change needed to regain market confidence
  • Euro is stable, has benefited all members
  • EU Treaty change needed quickly
  • Time of living on borrowed money is ending

German PMI Manufacturing Higher & Services Slightly Lower

PMI Manufacturing:   Survey: 60.0     Actual: 61.7    Prior:60.9    

PMI Services:    Survey: 59.8     Actual: 57.7    Prior: 60.1

Bobbys Corner-Open Market-Jan.21.2011

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

We awaken to another snowy day in New York.

In a choppy overnight session the Euro picked up some steam on the heels of better than expected German business confidence.  The IFO data was also the highest level reported since Germany was reunified in 1991. Better than expected earnings from General Electric and Google also helped lift the single currency, as did the continued optimism that the EU will find a long term solution to the sovereign debt issues that have plagued the region.

Merkel on the Newswires

Merkel says Germany wants the Euro to be ’strong’

Bobbys Corner-Open Market-May.26.2010

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

The euro continues to trade under pressure as speculation rises that the  the Euro Zone’s debt problems will derail economic growth within the region.  The single surrency weakened as data from Germany showed consumer confidence in the Euro Zone’s largest economy fell, and consumer spending in France  saw a decline.   
Italy’s government approved 26 billion euros worth of budget cuts, as they also struggle to control their deficit.
Markets are also keeping an eye on the political tensions rising on the Korean peninsula.

Bobbys Corner-Open Market-My.19.2010

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

I am writing to you from Cairo, Egypt where we are exhibiting at the Trend Forum.

Germany’s Merkel on the newswires

  • “deficit problems to be “tackled at the roots”
  • “we have to go through painful process with Greece”
  • “painful processes must be untertaken to cut debt”
  • “cant let Greece become another Lehman bros”
  • “when euro stability in danger all members will help”
  • “not my job to judge work of rating agencies”
  • “healthy state finances help prevent speculation”
Syndicate content