Rebroadcast of FXDD Live education Feb 10 2011
Rebroadcast of FXDD Live education Feb 10 2011 Lesson 02- Watch now
Rebroadcast of live education from Feb 8th 2011
Rebroadcast of live education from Feb 8th 2011- Watch now
Bobbys Corner-Open Market-Feb.10.2011
Good Morning:
As expected the Bank of England left interest rate s along with their QE program unchanged.
Portuguese bond yields rose-and the ECB was aggressively buying them up. The spread between Portuguese and German 10 year government bonds has widened again-now at 420 bps. This is still not as wide as the spreads got when Greece was in the early stages of their debt crisis.
With global equity markets mostly lower-the greenback rose as demand for the safety of the US currency was the main event in the FX markets overnight.
Asian equity markets were mixed, and Europe’s equity markets are lower at this time. US Futures are also looking at a lower opening this morning.
Oil:$86.43 Gold:$1358.20
| TIME | PERIOD | FOR | EST. | |||
| 7:45A.M. | BK. OF ENGLAND RATE DECISION | |||||
| 8:30A.M. | INITIAL JOBLESS CLAIMS | 5-Feb | 410K | 415K | ||
| 8:30A.M. | CONTINUING CLAIMS | 29-Jan | 3900K | 3925K | ||
| 10:00A.M. | WHOLESALE INVENTORIES | DEC. | 0.80% | -0.2% | ||
| 2:00P.M. | MONTHLY BUDGET STATEMENT | JAN. | -$60.0B | -$42.6B | ||
HAVE A GREAT DAY & GOOD LUCK
Bobbys Corner-Open Market-Feb.8.2011
Good Morning:
In a surprise move, China pushed interest rates higher by 25 basis points for the third time since mid October 2010-as the Chinese Government looks to stem the jump in inflation. Oil, copper and emerging equity markets fell as concerns that the Chinese interest rates hike policy will slow the world’s fastest growing economy.
The Korean Won rose-as speculation mounts that the Korean Central Bank will raise interest rates to combat rising inflation in that country also.
Risk FX was boosted overnight as investors continue to put more capital in Asia. Even the rate hike by China did not dampen the rally.
Asian and European equity markets were mixed, while US Futures are slightly higher.
Oil:$86.20 Gold:$1351.60
| TIME | FOR | EST. | PRIOR | |||
| 10:00A.M. | IBD/TIPP ECONOMIC OPTIMISM | FEB. | 51.9O | |||
| 10:00A.M. | JOLTs JOB OPENINGS | DEC. | 3248 | |||
HAVE A GREAT DAY & GOOD LUCK
Bobbys Corner-Open Market-Feb.7.2011
Good Morning:
Rising corporate earnings, reduced tension in Egypt, global growth growing faster than expected were all causes for the JPY to lose ground overnight-as investors seek higher-yielding assets.
Almost 2/3 of companies reported better than expected Q4 earnings.. India made comments that they expect their economy to grow the most in 3 years, while Indonesia’s economy grew at the fastest pace in 6 years. Overall investors confidence grew after Egypt’s government met with opposition leaders to hopefully resolve the crisis.
Asian equity markets were mixed, while European markets are higher-along with US Futures.
Wheat prices rose over 1.1% and copper hit another record.
Oil:$89.25 Gold:$1348.60
No major US data due out today.
HAVE A GREAT DAY & GOOD LUCK
Bobbys Corner-Open Market-Feb.4.2011
Good Morning:
A quiet session overnight before this morning’s US employment data.
The USD stayed near it’s weekly high, as speculation that the employment data this morning will show that the US added more jobs.
The majors traded in narrow ranges as traders squared up positions before this morning’s release.
With a large blizzard that caused problems throughout a big section of the country during the time that the US government gathers the NFP data-the numbers this morning may be a bit misleading. We will wait and see.
Protests in Egypt gained support as they called for today to be the “day of departure” for President Mubarak.
Today may well be a “decisive” day in Egypt’s future-and the world will be watching.
World equity markets rose-US Futures are also higher at this time.
Oil:$91.13 Gold:$1348.70
| TIME | FOR | EST. | ||||
| 8:30A.M. | CHANGE IN NONFARM PAYROLLS | 140K | 103K | |||
| 8:30A.M. | CHANGE IN PRIVATE PAYROLS | 140K | 113K | |||
| 8:30A.M. | CHANGE IN MANUFACT. PAYROLLS | 10K | 10K | |||
| 8:30A.M. | UNEMPLOYMENT RATE | 9.50% | 9.40% | |||
| 8:30A.M. | AVG. HOURLY EARNINGS MoM ALL EMP. | 0.20% | 0.10% | |||
| 8:30A.M. | AAVG. HOURLY EARNING YoY ALL EMP. | 1.70% | 1.80% | |||
| 8:30A.M. | AVG. WEEKLY HOURS ALL EMP. | 34.3O | 34.3O | |||
HAVE A GREAT DAY-WEEKEND & GOOD LUCK
For those lovers of US “Football”-enjoy Sunday’s Super Bowl.
Rebroadcast of Forex Live Education Feb 3 2011: Preview of the US Employment Report
Rebroadcast of Forex Live Education Feb 3 2011 – Watch now
Bobbys Corner-Open Market-Feb.3.2011
Good Morning:
The USD gained overnight ahead of US data due out today (ISM), which is expected to show that the service sector has increased again, and tomorrows employment data which is expected to show an increase in hiring.
As expected the ECB left interest rates uncharged-and President Trichet will hold a press conference later this morning.
Cable had a good showing overnight with positive data on the UK’s service sectors, raising speculation that the BOE may have some room to raise interest rates later this year.
World equity markets are higher-but US Futures are slightly lower at this time.
Oil is higher as the conflict in Egypt turned violent with gunfire being heard in Cairo’s Tahir Square.
Even though no disruptions in supplies have happened to the oil markets yet-investors are keeping a close eye on the events in Egypt.
Oil:$91.59 Gold:$1329.40
| TIME | FOR | EST. | PRIOR | |||
| 7:45 A.M. | ECB RATE DECISION | |||||
| 8:30A.M. | ECB PRESS CONFERENCE | |||||
| 8:30A.M. | ICSC CHAIN STORE SALES YoY | JAN. | 3.10% | |||
| 8:30A.M. | NONFARM PRODUCTIVITY | 4Q P | 2.00% | 2.30% | ||
| 8:30A.M. | UNIT LABOR COSTS | 4Q P | 0.20% | -0.10% | ||
| 8:30A.M. | INITIAL JOBLESS CLAIMS | 1/29 | 420K | 454K | ||
| 8:30A.M. | CONTINUING CLAIMS | 1/22 | 3950K | 3991K | ||
| 10:00A.M. | ISM-NONMANF.COMPOSITE | JAN. | 57.1O | 57.1O | ||
| 10:00A.M. | FACTORY ORDERS | DEC. | -0.50% | 0.70% | ||
HAVE A GREAT DAY & GOOD LUCK
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