Bobbys Corner-Open Market-Jan.26.2010
Good Morning:
As China takes further steps to slow down the fast pace of their economy, the USD and JPY rose as demand for higher-yielding assets waned. With China slowing the availability of loans to the marketplace, along with raising the proportion of deposits banks must set aside for reserves-investors are looking for the safe haven of the USD and JPY.
World equity markets dropped as news of China curbing their lending practices, thus causing speculation that any global recovery and growth will be curtailed.
US Futures are slightly lower this morning.
Oil:$74.60 Oil:$1091.30
Today’s Data:
| TIME | FOR | EST | PRIOR | |||
| 9:00A.M. | S&P CASESHILLER HOME PRICE IND. | NOV. | 146.58O | |||
| 9:00A.M. | S&P /CS COMPOSITE-20 YoY | NOV. | -5.00% | -7.28% | ||
| 10:00A.M. | CONSUMER CONFIDENCE | JAN. | 53.8O | 52.9O | ||
| 10:00A.M. | HOUSE PRICE INDEX MoM | NOV. | 0.60% | |||
| 10:00A.M. | RICHMOND FED MANUFACT. INDEX | -4.O | ||||
HAVE A GREAT DAY & GOOD LUCK




No Responses to “Bobbys Corner-Open Market-Jan.26.2010”
Add a comment