German PPI Lower

Producer Prices (MoM): Survey: 0.8%   Autual: 0.4%  Prior: 0.7%

Mar vs. Feb
Basic Goods:  0.1%  vs  1.1%
Capital Goods:  0.0%  vs  0.2%
Consumer Goods:  0.3%  vs 0.4%
Durable Goods:  0.1%  vs  0.2%
Non-Durable Goods:  0.3%  vs  0.4%

Producer Prices (YoY):  Survey: 6.6%   Autual: 6.2%  Prior: 6.4%

Jobless Claims Soar Higher & Core PPI Data higher than expected

Jobless Claims:  Survey:  380K    Actual: 412K   Prior: 382K    Revised:  385K   

Continuing Claims:  Survey: 3705K    Actual:  3680K    Prior: 3723K  Revised: 3738K

Producer Price Index (YoY):     Survey:  6.1%    Actual: 5.8%      Prior: 5.6%    

PPI Ex Food & Energy (YoY):     Survey: 1.9%    Actual: 1.9%     Prior: 1.8%

US Jobless Claims & Producer Price Index Data due at 8:30AM

Bobbys Corner-Open Market-March 2 2011

Good Morning:

The USD continued to trade lower as  concerns over the Middle Eastern turmoil take center stage in the markets.
With oil above $100/barrel for the 2nd day, market participants are looking at the Swiss franc as a safe haven from all the turmoil.
The Euro picked up some support overnight as PPI (producer prices) data in the Euro Zone was a bit stronger than expected.  Traders are betting that the ECB will be looking to lift interest rates sooner than later.
The Swissie, greenback and JPY are the currencies that traders look to in times of unrest and political uncertainty.
We are seeing strength in Swissie at this time-but uncertainty should support the USD too.

Asian equity markets traded lower-as are European markets at this time.  US futures are also lower.

Oil:$101.04                                                                  Gold:$1435.30

HAVE A GREAT DAY & GOOD LUCK

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 

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

US Housing Starts Much Higher, Building Permits and PPI also Improve

Housing Starts (MoM)%:    Survey:  1.9%    Actual:  14.6%    Prior: -4.3%    Revised: %

Jan vs. Dec
Total:  596 vs 520
Single Family:  413 vs 417
Multi Family:  183 vs 103
 

Building Permits:    Survey: 559K    Actual: 562K    Prior: 635K    Revised: K

Building Permits (MoM)%:    Survey: -10.9%    Actual: -10.4%    Prior: 16.7%    Revised: %

Producer Price Index (MoM):     Survey: 0.8%    Actual: 0.8%       Prior: 1.1%  

Jan vs. Dec
Total:  562 vs 627
Single Family:  421 vs 442
Multi Family:  141 vs 185
 

Producer Price Index (YoY):     Survey:  3.5%    Actual: 3.6%      Prior: 4.0%    

PPI Ex Food & Energy (YoY):     Survey: 1.2%    Actual: 1.6%     Prior: 1.3%

US PPI, Housing Starts, Building Permits Data at 8:30AM

US Jobless Claims, Continuing Claims, Trade Balance & PPI due at 8:30AM

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