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Bobbys Corner-Open Market-Oct.10.2012

Good Morning:

A fairly lackluster overnight session-with the majors showing no real activity.

Fitch Ratings commented that the US fiscal cliff, EU crisis, and a potential “hard landing” for the Chinese economy will be
a risk to the global economy.  Thanks-I think we knew that!

Bobbys Corner-Open Market-Sept.2.2011

Good Morning:

Investors and traders worldwide will be awaiting this morning’s release of US employment data at 8:30 AM EST.

The US has a national holiday on Monday-Labor Day.  Most US markets will be closed-but the FX market will be up and running.

Bobbys Corner-Open Market-Aug.18.2011

Good Morning:

CHF softened in overnight trading versus the USD and EUR, as speculation that the Swiss National Bank will institute further measures to slow their rising currency.
The USD and JPY saw additional strength prior to this morning’s US data on inflation.  Market participants are expecting the data to show that inflation is not enough of a factor to have the Fed initiate Q3, or 4 or 5- whatever you want to call it.

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