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Bobbys Corner-Open Market-October 14.2011

Good Morning:

FX markets prepare themselves for this weekend’s G-20 meeting, and expectations are high that the Euro Zone will come up with a meaningful monetary plan to deal with the regions sovereign debt issues.

UBS Consumption Indicator Shows Decline

Indicator:    Actual: 1.29   Prior: 1.48   Revision: 1.52

 June 2011
Total:  2.8%
Swiss:  6.6%
Foreigners  0.4%

Number of Overnight Hotel Stays June 2011
Total:  3,314,007
Swiss:  1,365,516
Foreigners  1,948,491

Bobbys Corner-Open Market-April.26.2011

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

The USD got knocked back again in overnight trading.   Speculation that the Fed will keep interest rates low to help support the US economy is not dollar positive-and the markets have reacted as such. With Chairman Bernanke expected to keep policy and interest rates steady-USD weakness will continue.

CHF rose as investors continue to worry about sovereign government concerns in both Libya, and Syria-thus causing a rush to the safety of the Swiss Franc.

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