Rebroadcast of FXDD Live Education Feb 22 2011
Rebroadcast of FXDD Live Education Webinar Feb 22 2011 with Shawn Powell and Jason Galano- Click to watch
US S&P Case-Shiller Data
S&P/CaseShiller Home Price Ind: Actual: 142.42 Prior: 143.85 Revised: 143.80
S&P/CS 20 City (MoM%) SA: Survey: -0.50% Actual: -.41% Prior: -0.54% Revised: -.55%
S&P/CS Composite-20 (YOY): Survey: -2.30% Actual: -2.38% Prior: -1.59% Revised: -1.62%
S&P/CaseShiller US HPI: Actual: 130.38 Prior: 135.48 Revised: 135.64
S&P/CaseShiller US HPI (YoY%): Survey: -3.40% Actual: -4.13% Prior: -1.51% Revised: -1.36%
Bobbys Corner-Open Market-Feb.18.2011
Good Morning:
The Euro lost steam overnight as German Producer Prices rose faster than expected-thus fueling speculation that monetary officials may need to increase interest rates in the region, which would put a stranglehold on any economic recovery. German PPI was up 1.2% for January-twice what analysts expected. Investors are starting to get weary of the debt crisis and uncertainty that is plaguing the Euro Zone.
Cable had a good day-on the heels of stronger than expected Retail Sales. Year to year data shows that Retail Sales in the UK rose 5.3%, showing strong signs of growth as the UK pushes itself out of the economic 
doldrums that has been weighing heavily on the country.
World equity markets were mixed, and US Futures are slightly higher.
Oil:$86.40 Gold:$1385.20
No Major US Data Today.
FXDD WILL BE AT THE NY TRADERS EXPO at the Marriott Marquis in New York City from Feb.20-22- Come by and say hi (booth #5607)
HAVE A GREAT DAY-WEEKEND & GOOD LUCK
Bobbys Corner-Open Market-Feb.17.2011
Good 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.
Demonstrations for the 3rd day in Bahrain escalated with protesters demanding the ouster of the Prime Minister, and demanding a taste of democracy. Demonstrations also continued in Yemen and Libya.
The GBP was also stronger as comments from BOE member Andrew Sentance that interest rates should rise in the near end.
World equity markets were lower-as are US Futures.
Jan 2011 CPI prints at .4% , and jobless claims increased by 25K.
Oil:$84.88 Gold:$1379.80
| TIME | FOR | EST. | PRIOR | REVISED | ||||
| 8:30A.M. | CPI MoM | JAN. | 0.30% | 0.50% | 0.40% | |||
| 8:30A.M. | CPI EX FOOD & ENERGY MoM | JAN. | 0.10% | 0.10% | ||||
| 8:30A.M. | CPI YoY | JAN, | 1.60% | 1.50% | ||||
| 8:30A.M. | CPI EX FOOD & ENERGY YoY | JAN. | 0.90% | 0.80% | ||||
| 8:30A.M. | CPI CORE INDEX SA | JAN. | 222.I87 | |||||
| 8:30A.M. | CPI NSA | JAN. | 22O.176 | 2I9.I79 | 222.2IO | |||
| 8:30A.M. | INIITIAL JOBLESS CLAIMS | FEB.12 | 400K | 383K | ||||
| 8:30A.M. | CONTINUING CLAIMS | FEB.5 | 3859K | 3888K | ||||
| 9:45A.M. | BLOOMBERG ECONOMIC EXPECTATIONS | FEB. | ||||||
| 9:45A.M. | BLOOMBERG CONSUMER COMFORT | FEB.13 | ‘-46.O | |||||
| 10:00A.M. | MORTGAGE DELINQUENCIES | 4Q | 9.13% | |||||
| 10:00A.M. | MBA MORTGAGE FORECLOSURES | 4Q | 4.39% | |||||
| 10:00A.M. | LEADING INDICATORS | JAN. | 0.30% | 1.00% | ||||
| 10:00A.M. | PHILADELPHIA FED. | FEB. | 21.O | 19.3O | ||||
HAVE A GREAT DAY & GOOD LUCK
Bobbys Corner-Open Market-Feb.15.2011
Good Morning:
Continued disharmony in the Middle East brought Brent Oil to a 2 year high. With the region controlling 3/5 of the world oil reserves, the protests are causing concern for global economies. With Egypt’s Mubarak ceding power to the military-the protests in the region are growing. Bahrain is now in it’s second day of protests against the government, and protesters in Yemen were marching toward the presidential palace. Iran also saw demonstrations in the biggest anti government rally since the disputed presidential elections in 2009.
On the FX arena-the Euro had good news as the German ZEW investor confidence survey rose for the 4th month in a row. Both German and France missed their target with GDP data-but the markets shruged this off, as many feel that the weather in Europe had an effect on the data.
In the UK-CPI data showed inflation at 4%-which is adding enormous pressure for UK monetary officials.
Oil:$85.27 Gold;$1373.10
| TIME | FOR | EST. | PRIOR | |||
| 8:30A.M. | EMPIRE MANUFACTURING | FEB. | 15.OO | II.92 | ||
| 8:30A.M. | IMPORT PRICE INDEX MoM | JAN. | 0.90% | 1.10% | ||
| 8:30A.M. | IMPORT PRICE INDEX YoY | JAN. | 4.40% | 4.80% | ||
| 8:30A.M. | ADVANCE RETAIL SALES | JAN. | 0.50% | 0.60% | ||
| 8:30A.M. | RETAILS SALES LESS AUTOS | JAN. | 0.50% | 0.50% | ||
| 8:30A.M. | RETAILS SALES EX AUTOS & GAS | JAN. | 0.40% | 0.40% | ||
| 9:00A.M. | TOTAL NET TIC FLOWS | DEC. | $40.0B | $39.0B | ||
| 9:00A.M. | NET LONG-TERM TIC FLOWS | DEC. | $85.1B | |||
| 10:00A.M. | BUSINESS INVENTORIES | DEC. | 0.70% | 0.20% | ||
| 10:00A.M. | NAHB HOUSING MARKET INDEX | FEB. | 17.O | 16.O | ||
HAVE A GREAT DAY & GOOD LUCK
Bobbys Corner-Open Market-Feb.14.2011
Good Morning:
The Euro had a difficult overnight session. Concerns over the fate of German bank West LB, along with the resignation of Bundesbank President Weber, added woes to Germany’s banking sector. Negotiations over the weekend produced no results on the fate of the bank-and the European Commission has set tomorrow as a deadline to revamp the troubled bank.
On another note-Mr. Weber was widely expected to be a top candidate to replace Jean Claude Trichet as president of the ECB. His resignation leaves a void in the leadership role at the central bank.
The dollar rallied overnight-and pushed the EUR/USD pair lower by 100bps from the opening in Asia.
Asian equity markets were higher-Europe is mixed-and US Futures are slightly lower at this time.
Oil:$85.57 Gold:$1357.80
No Major Data due out today.
HAVE A GREAT DAY & GOOD LUCK
Trading Course Lesson 3 Greg and Shawn Feb 15
Lesson 3 of the FXDD trading course with Greg and Shawn feb 15 – Register now
Bobbys Corner-Open Market-Feb.11.2011
Good Morning:
Geopolitical events took center stage in all markets as tensions mounted throughout the Middle East after President Mubarak defiantly refused to leave office immediately-prompting further protests across Egypt. President Mubarak handed Vice President Suleiman day to day powers, as he reiterated that he plans to stay on as President until elections which are planned for September 2011.
These events in Egypt will have negative effects for the markets overall.
The Egyptian stock markets has been closed for 2 weeks-and there is no set date for the exchange to reopen.
The USD rose as investors seek the safe refuge of the greenback amid worldwide problems. Oil rose after President Mubarak’s comments, with the markets anticipating instability to continue within the Middle East. The main concern is any increase in interruptions of shipping through the Suez Canal.
Equity markets are lower-and US Futures are also pointing to a lower opening this morning.
Oil:$87.17 Gold:$1363.40
| TIME | FOR | EST. | PRIOR | |||
| 8:30A.M. | TRADE BALANCE | DEC. | -$40.5B | -$38.3B | ||
| 9:55A.M. | U. OF MICHIGAN CONFIDENCE | FEB.P | 75.O | 74.2O | ||
HAVE A GREAT DAY-WEEKEND & GOOD LUCK
Loading ...
