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Bobbys Corner-Open Market-Dec.7.2009

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

The USD rally continued into the overnight session, as investors consider if global economies are strong enough to digest higher interest rates that some central banks are implementing (or contemplating implementing).
The change in USD sentiment was quick after Friday’s job data was much stronger than expected.  We went from a weak dollar to strong dollar in a matter of hours.  We will see if the rally has found legs-or if it will be short lived.
The JPY also rose overnight on interest rate concerns.

Bobbys Corner-Open Market-Oct.26.2009

bob-slade-forex-trading-5-150x200Good Morning:

The USD fell over the weekend as signals that the global economic recovery is gaining momentum moved investors away from the USD to higher yielding assets. 

World equity markets are higher, and US Futures are pointing to a higher opening this morning.
Oil traded either side of $80/bar.  Metals were higher, and copper hit a 13 month high.

Oil:$80.24                        Gold:$1054.40  


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