Thursday, May 17, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-May.17.2012

Posted: 17 May 2012 05:14 AM PDT

Good Morning:

A fairly quiet session-Especially in Europe due to the Ascension Day holiday.

Spanish auction results helped raise 2.494 bln euros-but they had to pay up for the funds.
April 2016 bond-yield at 5.106% versus 3.374% previously
July 2015 bond yields at 4.876% versus 4.037% previously
January 2015 bond yields at 4.375% versus 2.890% previously

Italian 10 year bond yields touching 6%.

The estimated cost of Greece exiting from the euro is being put at $1 trillion-but this is just an estimate-so I am certain that the real cost will be much higher.

Nerves are taking center stage in the marketplace, as the entire Euro Zone is reeling in bad news, and the rest of the world is very concerned. The US is concerned that the contagion could cross the Atlantic, and those economies in Europe  that are not being so hard hit are always going to be cautious and concerned about their neighbors.

Gold is higher-and Oil is just a bit stronger since NY woke up.

Equity markets are lower-along with US Futures.

HAVE A GREAT DAY & GOOD LUCK
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Wednesday, May 16, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-May.16.2012

Posted: 16 May 2012 05:32 AM PDT

Good Morning:

Cable lost some steam after BOE’s King made comments that the UK recovery will be “slow and uncertain”.  With the UK financial sector
exposed to the Euro Zone and their current crisis, there will be continued pressure on their economy.
Inflation in the UK inched higher-while growth in the nation slowed.

The Euro lost steam-and dropped below the 1.27 level in overnight trading.  The continued concerns over Greece, and that Spain will face “astronomical” borrowing cost (according to Rajoy)-there is a risk that the markets may stop lending to the country-which would cause a major credit crisis throughout the region.  These components all lead to the drop in the euro.

Gold is lower-at $1540/oz. Oil is also lower.
Asia equity markets were lower-and Europe is mostly higher except for the FTSE.
Dow Futures are also higher at this time.

HAVE A GREAT DAY & GOOD LUCK
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Tuesday, May 15, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-May.15.2012

Posted: 15 May 2012 05:38 AM PDT

Good Morning:

Germany had some positive news today-when German Q1 took the markets by surprise and rose .5% versus the .1% that was expected.
It seems that better than expected exports along with better than expected consumer spending kept the data positive.
The German data helped keep Euro Zone Q1 GDP flat-as opposed to a negative number.
Italian preliminary Q1 GDP was -.8%-higher than the -.6% expected.
Dutch Q1 GDP -.2%-better than the -.3% that was expected.

After yesterday’s downgrade of 26 Italian banks by Moody’s-the markets  and rating agencies will be looking at the Spanish and the rest of Europe’s banking sector with a fine tooth comb, not that they haven’t been.

US Retail Sales rise .1%-as expected.
US April CPI +2.3%-as expected.

Dow Futres are positive-as are world equity markets.
Oil is higher too.

HAVE A GREAT DAY & GOOD LUCK
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Monday, May 14, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-May.14.2012

Posted: 14 May 2012 05:20 AM PDT

Good Morning:

I see that the trend has stayed one sided since I was last in the USA- over 2 weeks ago.

I have been across North America, Saudi Arabia,Qatar,Jordan with a quick stop in Egypt-to see our clients and IBs throughout the region.

Risk off- as the markets are concerned over Greece-with Spain not far behind-and worries over the Chinese economy, and the about future growth of the country is adding  jitters to the markets.

Spanish German 10 year government bond spreads increased to a record 484 bps from 449 bps first thing this morning.
Italy also sold 3.5 billion euros of 3 year notes at 3.91%,  European sovereign bonds are selling-just at higher yields.

Euro is lower
Gold and metals are lower
WTI & Brent are lower
10 year US treasury yields are lower 
Equities are lower too. 

Let’s see what today brings:

HAVE A GREAT DAY & GOOD LUCK
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Saturday, May 5, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Mirror Trader Webinar with Ophir Schultz Wednesday May 16, 2012 1:00 PM

Posted: 04 May 2012 09:04 AM PDT

We are pleased to announce a special Mirror Trader Webinar. Bill Lawless, FXDD’s Head of Sales and Shawn Powell, from FXDD Business Development will host Tradency’s Global Business Manager, Ophir Schultz, Wednesday May 16, 2012 1:00 PM. This online class will feature training information on the new FXDD Mirror Trader MT4 plug in for automated trading. You will have the opportunty to ask the three trainers questions live during the class. Also if you register for the class, you will get the recording emailed to you after the class ends. Here is the link to register https://www1.gotomeeting.com/register/231357096
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Friday, May 4, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Special FXDD Masters Live Webinar today at 4:00 PM Greg, James and Shawn

Posted: 03 May 2012 12:22 PM PDT

Special FXDD Masters Live Webinar today at 4:00 PM with Greg Michalowski, James Chen and Shawn – Register now. FXDD’s Chief Currency Analyst Greg Michalowski, FXDD’s Director of Technical Research and FXDD’s Shawn Powell, Business Development Director will host a special Masters Live Intro webinar. Its free to attend and will feature details on the upcoming event and some great interview questions.
https://www1.gotomeeting.com/register/755275176

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Wednesday, May 2, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Special Webinar today featuring James Chen and Shawn Powell

Posted: 01 May 2012 10:10 AM PDT

Special Webinar today featuring James Chen and Shawn Powell.  Greg Michalowski is away so we will be doing something a little bit different.  Join us for a unique webinar at 4:00pm today.  Watch the Rebroadcast now 
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