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jobs data

Bobbys Corner-Open Market-Sept.2.2010

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

A fairly stable overnight session brought no new surprises to the market.  The GBP lost some steam as UK housing showed a larger than expected drop in prices.  EZ data showed that GDP in the region printed at 1%-as expected.
The  ECB left key interest rates unchanged, which was expected.  The ECB may keep themselves in “crisis mode” till next year-as the economy is still too fragile to take away any of the stimulus measures that are in place.

Bobbys Corner-Open Market-Jan.8.2010

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

The USD rose slightly ahead of this morning’s jobs report.  Speculation that the FED is considering a move towards ending the stimulus measures that were put into place last year to combat recession, will depend on positive US economic data reported durung the next few months.

World equity markets were mostly higher overnight as speculation that this morning’s jobs data will show that the US has stopped losing jobs for the first time in 2 years.  .  US Futures are virtually flat ahead of this morning’s data. 

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