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Bobbys Corner-Open Market-April.26.2011

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

The USD got knocked back again in overnight trading.   Speculation that the Fed will keep interest rates low to help support the US economy is not dollar positive-and the markets have reacted as such. With Chairman Bernanke expected to keep policy and interest rates steady-USD weakness will continue.

CHF rose as investors continue to worry about sovereign government concerns in both Libya, and Syria-thus causing a rush to the safety of the Swiss Franc.

Bobbys Corner-Open Market-March.15.2010

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

GBP was the main driver in overnight markets as Moody’s warned the UK (and US) of losing their AAA rating, The UK’s political problems and poor UK housing data also contributed to sterling’s woes.

In the Euro Zone, no political decisions have been made  regarding an aid package for Greece.  Greece has not asked for any direct aid as of yet.  The Greek government insists it will work out it’s debt problems themselves.   EU ministers begin a 2 day meeting in Brussels today to discuss the Greek debt issue.

Bobbys Corner-Open Market-March.10.2010

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

German exports unexpectedly dropped in January, which pushed the Euro lower.  This is seen as another sign that the European economy is still struggling to gain traction from the global recession.
The GBP remains weak as political and economic woes continue to plague the U.K.

The Bloomberg Professional Global Confidence Index fell to 53.8 from 54.9.  This survey shows that global confidence dropped for a second month, with Greece’s debt crisis being the main culprit in undermining the global recovery. 

Bobbys Corner-Open Market-March.8.2010

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

Speculation that the wealthier European nations would rescue Greece, which would reduce the risk of debt default throughout Europe (especially the southern  Europe) , helped boost the Euro in overnight trading.  The Euro was also helped by French President Sarkozy-as he said that the regions nations are “ready” to help Greece.

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