Not a Member? Join Now!   Already a Member? Sign In!


Bobbys Corner-Open Market-March.11.2011

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

This morning (2:46 PM local time in Japan) an earthquake hit the island nation.  The earthquake registered 8.9 on the Richter scale.  This is the largest ever recorded in Japan, and the sixth largest on record.  It is too early to tell the exact damage and costs that the earthquake will have.  There is a tsnuami warning in the Pacific rim-including Hawaii.

Now to the markets:

Bobbys Corner-Open Market-Feb.17.2011

bob-slade-forex-trading-4-150x200Good Morning:

The Yen took center stage in overnight trading-as speculation that the unrest in the Middle East will continue and spread throughout the region-thus the demand for safer assets will grow.  The nervousness through the Middle East was further increased today-as reports that Iranian warships on their way to Syria are looking to pass through the Suez Canal.  Currencies that are perceived as safe havens will be the winners in the near future-until geopolitical issues calm down.

Bobbys Corner-Open Market-Oct.26.2010

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

I am back from Kuwait and Qatar- and will be in Dubai and Abu Dhabi in 2 weeks-so  the  fall road trip schedule keeps getting busier.

The JPY lost some ground overnight as speculation  mounts that the Bank of Japan may reenter the marketplace to keep the Yen weak.  The thought of BOJ intervention put the markets on edge during the Asian session.
GBP jumped as GDP in the UK beat analysts estimates-thus putting the governments asset purchase program on hold-as they wait to see how consumers react as the holiday season approaches.

Bobbys Corner-Open Market-Sept.14.2010

bob-slade-forex-trading-4-150x200Good Morning:

The JPY rose to a 15 year high against the USD as Japan re-elected Naoto Kan as Prime Minister.  Kan will return as the head of the Democratic Party of Japan.  His re-election should signal that Japan will be less likely to intervene and weaken the YEN.  It appears that the USD/JPY pair will be driven more by US data than any new policy changes from Japan.

Dollar/Yen Hits 15 Year Low

Dollar trades to 15-year low of 83.54 Yen in New York trading.

Bobbys Corner-Open Market-August.25.2010

bob-slade-forex-1-150x200Good Morning:

Alert!: Durable Goods rises .3%-the data was expected to rise 3%.
The data points to continued speculation that the economy is slowing.

Bobbys Corner-Open Market-August.24.2010

Good Morning:

The Yen rose to a 15 year high against the USD, as continued concerns that the global recovery is faltering has investors running to the safe refuge of the JPY.  The USD also rose.
bob-slade-forex-2-150x200 Data out of Europe suggested that the German economy is showing strength. 
Today we have data in the US regarding the ailing US housing market.  The expectations are for more disappointing news regarding Existing Home Sales.

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

Syndicate content