Forex Market Updates & Commentary

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Bobbys Corner-Open Market-March.22.2012 Posted: 22 Mar 2012 05:21 AM PDT Good Morning: A messy overnight session-that saw the “risk” switch shut off very quickly after China posted lower than expected PMI (purchasing manager index) data.  The data printed below the key 50 level at 48.1.  This data surely shows that China’s manufacturing sector is slowing, and this comes just days after BHP Billiton commented that iron ore demand is dwindling. The PMI data in Europe was not much better-as both the manufacturing and service sectors in the EU saw a drop. UK Retail Sales also disappointed-.8% vs. an expected -.5%. Asian equity markets were all higher-after a 45 point decline in yesterday’s Dow. The negative data had all European markets lower-along with oil, gold, and silver. Today we have data on jobless claims, house price index and Fed Chairman Bernanke will be speaking again today. Nothing that should rattle the markets-but you just never know. HAVE A GREAT DAY & GOOD LUCK

Forex Techniques with Shawn Powell and Jason Galano March 21 2012 Posted: 21 Mar 2012 01:55 PM PDT Forex Techniques webinar today at 4:00pm with Shawn Powell and Jason Galano. Join us for a fun class on trading forex presented by FXDD. Watch now

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