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Bobbys Corner-Open Market-July.9.2009

bob-slade-forex-trading-8-150x200Good Morning:

The BOE left their benchmark interest rates unchanged-and will continue with the plan to buy bonds (up to 125 Bil GPB=$202 Bil USD). 

European equity markets rose-and Asian markets were mixed.  US futures are higher this morning.  Metals also rose as auto sales in China jumped 48% in June.

Bobbys Corner-Open Market-July.9.2009

bob-slade-forex-trading-8-150x200Good Morning:

The BOE left their benchmark interest rates unchanged-and will continue with the plan to buy bonds (up to 125 Bil GPB=$202 Bil USD). 

European equity markets rose-and Asian markets were mixed.  US futures are higher this morning.  Metals also rose as auto sales in China jumped 48% in June.

Bobbys Corner-Open Market-July.8.2009

Good Morning:

The overnight FX markets were up and down most of the evening.  With no major economic data worldwide the markets traded within familiar ranges.
USD sentiment remained positive. With no majoe data due in the US-it may well be a range bound trading day.
JPY rose-as investors look for a safe haven as the  global recovery slows.

World equity markets fell-as speculation that the Group of 8- meeting in Italy will have little new ideas tto combat the ongoing worldwide recession.

Oil$62.35                        Gold:$919.80

Today’s data:
Consumer Credit:  exp: -$8.5B             prior: -$15.7B

HAVE A GREAT DAY & GOOD LUCK

Bobbys Corner-Open Market-July.8.2009

Good Morning:

The overnight FX markets were up and down most of the evening.  With no major economic data worldwide the markets traded within familiar ranges.
USD sentiment remained positive. With no majoe data due in the US-it may well be a range bound trading day.
JPY rose-as investors look for a safe haven as the  global recovery slows.

World equity markets fell-as speculation that the Group of 8- meeting in Italy will have little new ideas tto combat the ongoing worldwide recession.

Oil$62.35                        Gold:$919.80

Today’s data:
Consumer Credit:  exp: -$8.5B             prior: -$15.7B

HAVE A GREAT DAY & GOOD LUCK

Bobbys Corner-Open Market-7.7.2009

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

The FX markets were range bound in overnight trading.  Data from the UK and Australia were weaker than expected.
No major data in the US -may have the FX markets following equities today.

European equities rose on the heels of a rise in manufacturing orders in Germany.  Asian markets were lower. 

Oils and metals were higher-as were most commodity markets. 

Oil:$64.63                Gold:$930.30

HAVE A GREAT DAY & GOOD LUCK

State of the Economy, Dollar & Gold & How Main Street can Benefit

As you all know, I recently published an article that talked about the state of the U.S. economy and that it may be in the “beginning’ stage of an economic recovery.

I talked about the valuable indicator of copper and why it leads the way and tells you that the economy will recover long before the “nightly news” or even analysts tell you.

Today, another site that I highly regard, also talked about the importance of copper in leading the way to an economic recovery. Daily Wealth gave this checklist for an economic recovery.

TheTrue WealthScript for Economic Recovery

• Investment-grade corporate bonds rally first,
• then stocks rally. Around the same time,
• the price of copper recovers.

Economy Recovering? This Indicator Seems to Think So!

You know, when an economy does start to recover, it’s not widely known at the time. In fact, the news will still be as full of “gloom and doom” as ever even when it starts.

So you won’t know when the economy is turning by listening to the nightly news. So what can you look to?

Well, here is one widely watched economic barometer that institutional investors have used throughout the years. What is it? Copper

Now you may think, “What in the world does the price of copper tell us about the economy?”

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