Dollar Rally Continues

Bobby's Corner Market Open 9.11.2008

Bob Slade — Thu, 11 Sep 2008 08:24:45 -0400

Good Morning:

The dollar’s rally continues

The dollar rose to 1.3893 vs. the Euro as signs that growth in the Euro Zone will be slower than expected thus adding to the speculation that the ECB may need to consider lowering their benchmark interest rates.

Bobby's Corner Market Open 9.5.2008

Bob Slade — Fri, 05 Sep 2008 08:06:59 -0400

Good Morning:

The Greenback continued its rally ahead of this morning’s report on the US employment situation.

Bobby's Corner Market Open 6.13.2008

Bob Slade — Fri, 13 Jun 2008 08:17:56 -0400

Good Morning:

The dollars rally continued-as the dollar had its best trading week in 3 years.

Bobby's Corner-Market Open 5.7.2008

Bob Slade — Wed, 07 May 2008 08:13:26 -0400

Wed. May 7, 2008

Good Morning:

The dollar pushed up as comments by Fed President Hoenig regarding inflation and interest rates, along with a drop in European retail sales helped the greenback today.

World equity markets were mixed, with Asia lower and Europe higher. US futures are lower this morning-ahead of the data on home sales this morning.

Oil: $122.22

Gold: $871.60

Data Today:

Bobby's Corner-Market Open 5.1.2008

Bob Slade — Thu, 01 May 2008 08:12:53 -0400

Thursday May 1, 2008

Good Morning:

The greenback advanced after the Fed lowered the benchmark interest rate to 2%.

Speculation the Fed will pause lowering interest rates helped the dollar to rise.

Today’s market activity overseas was very thin as many European and Asian markets are off for the May Day holiday.

Most world equity markets were closed today for the May Day holiday.

UK markets and US futures are higher this morning.

Oil: $113.18

Bobby's Corner-Market Open 4.30.2008

Bob Slade — Wed, 30 Apr 2008 08:10:58 -0400

Wed April 30, 2008

Good Morning:

The greenback is stronger across the board as speculation that the Fed may signal an end to its easing policy after today’s FOMC meeting.

Also today the euro weakened as German unemployment fell less than expected.

World Equity markets were lower as earnings from Time Warner and SAP disappointed investors.

US Futures are also lower following the Time Warner earning report.

Oil: $115.73

Bobby's Corner-Market Open 4.29.2008

Bob Slade — Tue, 29 Apr 2008 08:23:05 -0400

Tuesday April 29, 2008

Good Morning:

The dollar advanced today as the FOMC begins a 2 day meeting, culminating in an interest rate announcement on Wed April 30. Speculation that the Fed may signal they are close to pausing their interest rate reductions caused the dollar to rise.

Equities in Asia and Europe dropped as earnings forecasts are disappointing investors.

Oil: $117.55

Gold: $885.30

We have data on consumer confidence at 10AM