Spanish Q4 GDP -0.3%, as expected
January 30, 2012 by Vincent Facchino · Leave a Comment
Eur/Usd trades at 1.3150.
EU’s Rehn expects Greece deal “if not today, then over weekend”
January 27, 2012 by Vincent Facchino · Leave a Comment
Eur/Usd approaching 1.3150 after news.
Eurozone M3 Money Supply up 1.6% vs 2.2% expected for year
January 27, 2012 by Vincent Facchino · Leave a Comment
Private loans up 1.0% vs 2.1% for year.
Eur/Usd has dipped below 1.31 to trade at 1.3092.
German Import Prices as expected for December at 0.3%
January 27, 2012 by Vincent Facchino · Leave a Comment
Eur/Usd trades at 1.3110.
Bobbys Corner-Open Market-January.26.2012
January 26, 2012 by Bob Slade · Leave a Comment
With the ongoing sage between the Greek government and private investors continuing-there have been reports of the private sector accepting a interest rate of less than 4%. This is a major barrier that will now allow Grrece to seriously revamp their debt. Greece has a 14 billion euro payment due in March-and without the help of the IMF or ECB-they will not be able to meet this deadline.
This news pushed the EUR/USD pair into the mid 1.31 handle (1.3173).
Italy sold 4.5 billion euro worth of 3 year notes-with the lowest yield since last August. The yield was 3.763% versus 4.853 on the last 3 year note auction.
Yesterday’s press conference by Fed Chairman Bernanke brought the possibility of a third round of QE to the markets if unemoloyment remains high-so I guess we will see more QE by the 3rd quarter of this year.
He also talked about keeping interest rates low through 2014.
Gold, Silver and Oil are all higher-as are equities and futures.
HAVE A GREAT DAY & GOOD LUCK
JP Morgan’s Dimon says unraveling the Euro is a terrible thing
January 26, 2012 by Vincent Facchino · Leave a Comment
* Greek default won’t take down the western world; no direct effect to U.S. banks
* Europe situation not comparable to Lehman Bros.
UK CBI Realized Sales weaker than expected -22 vs -2
January 26, 2012 by Vincent Facchino · Leave a Comment
Gbp/Usd continues to trade either side of 1.5700.
EU’s Reding says Euro is strongest currency in the world
January 26, 2012 by Vincent Facchino · Leave a Comment
Eur/usd trades at 1.3115.

