Bobbys Corner-Open Market-Nov.3.2009
Written November 3, 2009 at 9:38 AM EST by Bob Slade
Good Morning:
The RBA (Australia) raised interest rates by 25 basis points as expected, but their statement suggests that they may pause regarding any additional rates hikes.
The JPY and USD rose as worldwide equities fell. With uncertainty in the financial sectors, investors demand for higher-yielding currencies is waning.
Global equity market fell, as UBS announced a larger than expected loss. Speculation isthat global economies may take longer than expected to recover.
Oil:$77.59 Gold:$1062.25
Today’s data:
Factory Orders: exp: 1.% prior: -.8%
Vehicle Sales: exp; 9.8M prior: 9.2M
HAVE A GREAT DAY & GOOD LUCK
Categories: Bobbys Corner, FXDD Today, Forex News, Forex Trading | Tags: Foreign Exchange, Forex, FX, Gold, JPY, Oil, RBA, USD
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