Bobbys Corner-Open Market-Sept.8.2011 »

Bobbys Corner-Open Market-Sept.8.2011

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]

Wall Street down on Europe; bear market fears grow »

Wall Street down on Europe; bear market fears grow

By Edward Krudy
NEW YORK | Tue Sep 6, 2011 5:01pm EDT

NEW YORK (Reuters) – Wall Street fell for a third day on Tuesday on fears Europe still has failed to tackle its debt crisis, prompting worries the market is headed to new lows for the year.

Investors [...]

Risk appetite fades over speculation of weaker housing market in US »

Risk appetite fades over speculation of weaker housing market in US

Market Brief
The JPY advanced against all 16 major counterparts before reports this week forecast to show US existing home sales fell and Japan’s export growth slowed in July. Australia’s currency weakened after the election failed to deliver a majority government for the first time in 70 years. The EURUSD traded near a five-week low [...]

The superpower’s labor market continuous deterioration may be slightly easing but remains nowadays major obstruction… »

The superpower’s labor market continuous deterioration may be slightly easing but remains nowadays major obstruction…

The present recovery path is gaining momentum gradually throughout most of the economic activities and conditions of the world’s superpower, as what was already attested throughout the last Fed’s Beige Book and yesterday’s FOMC Rate Decision, having manufacturing, services and housing conditions expanding recently across the country along with better than-forecasted first-quarter results posted these [...]

Hyundai posts record Q1 net on emerging market »

Hyundai posts record Q1 net on emerging market

SEOUL (Reuters) – Hyundai Motor Co’s (005380.KS) strong performance in emerging economies and growing U.S. market share drove it to a record net profit in the first quarter and should cushion it from a stronger won and rising input costs.

Asian Markets

South Korea’s Hyundai was one of the few winners during an industry-wide slump last year, [...]

The market waiting for today’s fundamentals »

The market waiting for today’s fundamentals

Consolidation dominated the currencies market in today’s Asian session, after major pairs sharply declined last week. Still the dollar appear to be the biggest winner and the USDIX rose slightly in the Asian session recording a high of 81.74 and a low of 81.58, while it is currently trading around 81.65.
The euro dollar pair [...]

Bobbys Corner-Open Market-March.31.2010 »

Bobbys Corner-Open Market-March.31.2010

Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money [...]

Europe’s Greek plan gets lukewarm market response (AP) »

Europe’s Greek plan gets lukewarm market response 
    (AP)

LONDON – The euro rebounded from a 10-month low on Friday but European stocks dropped, as markets gave an initially lukewarm response to the eurozone’s bailout program for
, which would extend loans only as a last resort and involve the International Monetary Fund.
Investors’ reaction was mixed because while the program does provide a [...]

Market Facing Substantial Headwinds »

Market Facing Substantial Headwinds

Fri, Mar 26 2010, 05:31 GMT
In our view the market is seriously overestimating the strength of the economy as the usual drivers of a sustainable recovery, namely consumer spending and housing, are in no condition to provide the catalyst that leads to steady growth. The statistical growth we have witnessed to [...]

USD strength determines market direction ahead of EU meeting »

USD strength determines market direction ahead of EU meeting

Thu, Mar 25 2010, 08:54 GMT
The S&P 500 Index dropped 0.6% to 1,167.72 yesterday, its first decline in three days while the DJIA lost 52.68 points, or 0.5%, to 10,836.15 on concern government deficits will hamper a global recovery as Fitch cut Portugal’s credit rating and a UBS economist said Greece will [...]