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sovereign debt

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.

Bobbys Corner-Open Market-Feb.25.2010

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

The Euro dropped as Moody’s Investor Service and S&P said they may cut Greece’s rating.  Sovereign debt issues are a rising concern for investors, and may put upward pressure on interest rates in other developed countries. 

Fed Chairman Bernanke continues his speaking engagement in front of  Congress, and yesterday reiterated his stance on keeping interest rates low to keep the economy on the road to recovery.

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

Bobbys Corner-Open Market-Dec.15.2009

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

Speculation that improving US economic data may spur the FED to exit some stimulus measures that were put in place to combat the global recession helped boost the USD overnight. 
The FOMC starts a 2 day meeting today-on Wed we will see their decision and statements on interest rates.

The Euro continues under pressure as news of another Austrian bank having problems surfaces.  Also the issue of sovereign debt in Greece, along with concerns about Spain, Italy and Ireland also added to the Euros decline.

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