Dollar Rally

Bobby's Corner Market Open 8.8.2008

Bob Slade — Fri, 08 Aug 2008 08:16:20 -0400

Good Morning:

The dollar rallied overnight as the Euro dropped to a five month low against the greenback as speculation mounts that the ECB may need to decrease their benchmark interest rates. The drop in oil and metals also assisted in the dollar rally.

Bobby's Corner Market Open 7.30.2008

Bob Slade — Wed, 30 Jul 2008 08:36:36 -0400

Good Morning:

The dollar continued its rally. With oil on the decline, speculation rises that corporate production costs will decline, helping earning and the greenback.

Bobby's Corner-Market Open 5.13.2008

Bob Slade — Tue, 13 May 2008 08:18:02 -0400

Tuesday May 13, 2008

Good Morning:The dollar strengthened overnight as traders speculate that the Fed may signal that further interest rate reductions will pause due to rising inflation.

European Equity markets lost ground as financial companies continue to be concerned over inflation and speculation that central banks will pause from lowering interest rates.

China’s share prices fell after the worst earthquake in over 50 years hit the country yesterday.

US futures are also pointing to a lower opening.

Oil: $124.60

Gold: $880.90

Bobby's Corner-Market Open 5.12.2008

Bob Slade — Mon, 12 May 2008 08:33:48 -0400

Monday May 12, 2008

Good Morning:

Speculation that the dollars losses were excessive and speculation that the Fed will pause in its interest rate reductions assisted the dollar in strengthening last night. Also helping the dollar is the negative economic data being reported from Europe and Asia.

China hiked bank reserve requirements for the fourth time this year by 50bp to 16.5% to help stem inflation.