Bobbys Corner-Open Market-Jan.15.2010

Written January 15, 2010 at 8:09 AM EST by  

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

The USD and JPY rose as speculation that the tightening of credit availability in China may slow growth in the world’s 3 rd largest economy, boosting  demand for the safety of the USD and JPY.  The Euro struggled as Greece’s financial woes dragged on European investments.

Asian equity markets were higher-Europe is lower at this time, and US Futures are also pointing to a lower opening
later this morning.  JP Morgan Chase missed estimates.

We have reports today regarding-CPI,Manufacturing, Industrial Production and Consumer Confidence (see details below)

Oil:$78.88                                                             Gold:$1135.40

Today’s Data:

TIME FOR  EST PRIOR
8:30A.M. CPI MoM DEC. 0.20% 0.40%
8:30A.M. CPI EX FOOD & ENERGY MoM DEC. 0.10% 0.00%
8:30A.M. CPI YoY DEC. 2.80% 1.80%
8:30A.M. CPI EX FOOD& ENERGY YoY DEC. 1.80% 1.70%
8:30A.M. CPI CORE INDEX SA DEC.  22O.527
8:30A.M. CPI NSA DEC. 216.OOO   216.33O
8:30A.M. EMPIRE MANUFACTURING JAN.     12.OO 2.55O
9:15A.M. INDUSTRIAL PRODUCTION DEC. 0.60% 0.80%
9:15A.M. CAPACITY UTILIZATION        DEC. 71.80% 71.30%
9:55A.M. U. OF MICHIGAN CONFIDENCE        JAN.P        74.O     72.5O

HAVE A GREAT DAY & WEEKEND-and GOOD LUCK

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