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Japan

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.

Japan Industrial Production Down

383Industrial Production (MoM):  Survey: -10.6%   Actual: -15.3%   Prior: 1.8% 

Industrial Production (YoY%):   Survey: -8.5%  Actual: -12.9%  Prior: 2.9%

Japan Jobless Rate Improves & CPI Slightly Lower

Job-to-Applicant Ration:  Survey: 0.60  Actual: 0.63  Prior: 0.62 

Overall Household Spending:  Survey: -7.0%  Actual: -8.5%  Prior: -0.2   Revised:

Jobless Rate:  Survey: 4.8%  Actual: 4.6%  Prior: 4.6% 

Tokyo CPI (YoY):   Survey: 0.0%  Actual: -0.1%  Prior: -0.3%  Revised: -0.2%

Tokyo CPI Ex-Fresh Food (YoY):  Survey: 0.2%  Actual: 0.2%  Prior: -0.3%

Tokyo CPI Ex-Fresh Food (YoY):  Survey: 0.1%  Actual: 0.0%  Prior:  -0.3%

National CPI (YoY):   Survey: 0.0%  Actual: 0.0%  Prior:  0.0%

Bobbys Corner-Open Market-April.27.2011

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

Risk was back on center stage overnight-as Australian CPI data posted better than expected-pushing the Aussie through the 1.08 handle.
In the UK-GDP printed at .5%, which showed that the UK economy is fairly robust, even with their austerity measures and weak consumer sentiment.  The GBP rallied as many investors were anticipating weaker data.

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