Spanish Q4 GDP -0.3%, as expected

January 30, 2012 by · 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 · 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 · 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 · Leave a Comment 

Eur/Usd trades at 1.3110.

Bobbys Corner-Open Market-January.26.2012

January 26, 2012 by · Leave a Comment 

Good Morning:

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 · 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 · 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 · Leave a Comment 

Eur/usd trades at 1.3115.

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