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Bobbys Corner-Open Market-Jan.20.2011

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

A busy overnight session-as equity and commodity markets fell as concerns that China’s continued growth may cause global interest rates to move higher.  Though investors are not looking at this as a
instant threat-the concerns are there.
Commodity currencies turned lower, on the heels of an overall decline in commodity prices   

Bobbys Corner-Open Market-Jan.19.2011

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

Risk appetite is again the flavor of the day.

EUR/USD topped the 1.35 handle-before profit takers took advantage of the price and drove the pair back down into the mid 1.34 levels.  The pair is back over 1.35 at this time.
Good results by both IBM and Apple helped lead the risk rally.  Selling by Asian central banks limited the rally.

This morning we have data on the US Housing market-speculation is that we will see disappointing data again in this sector-which also added to the USD downturn overnight.

Bobbys Corner-Open Market-Jan.12.2011

Good Morning:

I am writing the Cbob-slade-forex-2-150x200orner from home today-as my area is the victim of another major snow storm -oh-well-that is what happens in the winter in the Northeast of the US.

Bobbys Corner-Open Market-Jan.6.2011

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

The USD continued to trade stronger in the overnight sessions.  Concerns that the slow recovery in some EU countries will keep the debt crisis on the front burner for some time to come.  China stated that it will buy 6 billion euro of Spanish debt.  Investors will be looking to see if China’s purchases can calm speculators-or will Spain be the next recipient of an EU bailout?

 World equity markets traded higher-and US Futures are also pointing to a higher opening this morning.

Bobbys Corner-Open Market-Jan.4.2011

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

The first full trading day of 2011 got underway with risk on the plate as the main course.  With all of the major centers back after the New Years holiday-the equity markets were poised for a rally after yesterday’s 90+ point increase in the Dow to start off 2011.

Bobbys Corner-Open Market-Jan.3.2011

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

Welcome to the first trading day of 2011.  I want to wish everyone a Happy & Healthy New Year.

With a slow start to the new trading year-as Japan, and many European centers still on a bank holiday until tomorrow -the markets will resume where we left off at the end of 2010.

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