Bobbys Corner-Open Market-Jan.3.2011
Good Morning:
Welcome to the first trading day of 2011. I want to wish everyone a Happy & Healthy New Year.
With a slow start to the new trading year-as Japan, and many European centers still on a bank holiday until tomorrow -the markets will resume where we left off at the end of 2010.
The sovereign debt issues plaguing the EU will be one of the central points in 2011. China has made very positive comments regarding Spain-and will buy additional Spanish debt this year. We will have to watch this development closely-as the yields on debt ladened Euro region bonds may offer better returns than US Treasuries. By supporting the Euro Zone this way, the Chinese will try to insure that the USD will not be the sole reserve currency of the world.
With the New Year-comes the appetite for new risk. Oil is trading over $92/barrel , Gold at 1420+/oz. and S&P futures up 90 points at this time.
Most markets were closed-but those that were open saw higher equity prices.
Oil:$92.19 Gold:$1423.10
| TIME | FOR | EST. | PRIOR | |||
| 10:00AM | ISM MANUFACTURING | DEC. | 57.O | 56.6O | ||
| 10:00AM | ISM PRICES PAID | DEC. | 71.8O | 69.5O | ||
| 10:00AM | CONSTRUCTION SPENDING MoM | NOV. | 0.20% | 0.70% | ||
HAVE A GREAT DAY & GOOD LUCK
Oil:$92.19 Gold:$
Bobbys Corner-Open Market-Dec.30.2010
Good Morning:
The USD was a touch lower in overnight trading. With major currencies having tight monetary policy, the emerging market currencies seem to be the biggest gainers in the marketplace.
The Fed has reiterated their near zero interest rate policy, along with Japan. The EU is in termoil over their sovereign debt problems, and China is still growing by leaps and bounds. All these components will be the center piece of 2011′s foreign exchange markets.
Asian equity markets were mixed, and European equity markets were lower. US Futures are lower at this time.
Oil:$90.74 Gold:$ 1412.30
|
| TIME | FOR | EST. | PRIOR | |||
| 8:30A.M. | INITIAL JOBLESS CLAIMS | 25-Dec | 415K | 420K | ||
| 8:30A.M. | CONTINUING CLAIMS | 18-Dec | 4084K | 4064K | ||
| 9:45A.M. | CHICAGO PURCHASING MANAGER | DEC. | 61.O | 62.5O | ||
| 10:00A.M. | PENDING HOME SALES MoM | NOV. | 0.80% | 10.40% | ||
| 10:00A.M. | PENDING HOME SALES YoY | NOV. | -22.40% | |||
HAVE A GREAT DAY & GOOD LUCK
Bobbys Corner-Open Market-Dec.29.2010
Good Morning:
I am back in town after being stuck in the snow at my house for the past 2 days.
As much as it is 2010-it is still amazing that 2 feet of snow paralyzes an entire region for days.
The markets are really quiet-as the week between Christmas and New Years is historically a quiet time-the snowstorm that hit the east coast added to the quietness, as many participants are stuck (or just decided to stay) at home.
China announced an interest rate increase which was highly expected by the marketplace.
The safety of the USD and the Yen are not of as much interest to investors-as they look for higher-yielding assets as the world wide economic recovery is gaining traction. We will await the new year to see where investors look to invest their money.
Oil:$91.04 Gold:$1403.10
No major data due out today.
HAVE A GREAT DAY & GOOD LUCK
Rebroadcast of Dec 28th 2010 webinar
Rebroadcast of Dec 28th 2010 webinar >> Watch here
Bobbys Corner-Open Market-Dec.24.2010
Good Morning:
I want to wish everyone a very Merry Christmas.
With the world closed or about to close for the Christmas holiday-the markets are very thin-and FXDD trading will close at 1 PM (NY Time) today. Our phones will be open till 2 PM.
Enjoy your holiday-and I will see you on the posts next week.
Bob
FXDD Live education rebroadcast Dec 23 2010
FXDD Live education rebroadcast Dec 23 2010 – Click to watch
Bobbys Corner-Open Market-Dec.23.2010
Good Morning:
The dollar lost some steam as speculation that data out of the US this morning (see below) will show that the economic recovery in the US is gaining traction-thus having investors seek higher-yielding assets versus the safe haven of the greenback.
With the S&P 500 Index hitting levels that have not been seen since the collapse of Lehman Brothers, investors are being open to adding more risk to their portfolios.
On another note-Fitch ratings cut Hungary’s credit rating to BBB- from BBB.
World equity markets were mixed-and US Futures are flat at this time.
Oil:$ 90.45 Gold:$1380.60
| TIME | FOR | EST. | PRIOR | REVISED | |||
| 8:30A.M. | DURABLE GOODS ORDERS | NOV. | -0.50% | -3.30% | -3.40% | ||
| 8:30A.M. | DURABLES EX TRANSPORTATION | NOV. | 1.80% | -2.70% | -2.70% | ||
| 8:30A.M. | CAP GOODS ORDERS NONDEF EX AIR | NOV. | 3.00% | -4.50% | |||
| 8:30A.M. | CAP GOODS SHIP NONDEF EX AIR | NOV. | -1.50% | ||||
| 8:30A.M. | PERSONAL INCOME | NOV. | 0.20% | 0.50% | |||
| 8;30A.M. | PERSONAL SPENDING | NOV. | 0.50% | 0.40% | |||
| 8:30A.M. | PCE DEFLATOR YoY | NOV. | 1.10% | 1.30% | |||
| 8:30A.M. | PCE CORE MoM | NOV. | 0.10% | 0.00% | |||
| 8:30A.M. | PCE CORE YoY | NOV. | 0.90% | 0.90% | |||
| 8:30A.M. | INITIAL JOBLESS CLAIMS | 18-Dec | 420K | 420K | |||
| 8:30A.M. | CONTINUING CLAIMS | 11-Dec | 4100K | 4135K | |||
| 9:55A.M. | U. OF MICHIGAN CONFIDENCE | DEC.F | 74.5O | 74.2O | |||
| 10:00A.M. | NEW HOME SALES | NOV. | 300K | 283K | |||
| 10:00A.M. | NEW HOME SALES MoM | NOV. | 6.00% | -8.10% | |||
Today is FESTIVUS-”Festivus for the rest of us”
HAVE A GREAT DAY & GOOD LUCK
Live training with FXDD TODAY at 4PM
Live training with FXDD’s Shawn Powell TODAY at 4pm est 1pm pst 21:00 gmt – You’ll be treated to a special class on opening live accounts and then on key trading strategies that will improve your effectiveness. We will also have Jason Galano from sales on the show with us to answer questions regarding opening accounts.Register Here
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