Friday, March 30, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-March.30.2012

Posted: 30 Mar 2012 05:51 AM PDT

Good Morning:

As this is the last day of the month/last day of Q1-and this is also the last trading day for the Japanese fiscal year.

New drama from the Greek front:  Greek PM does not rule out a possible new bailout package-if the austerity measures in place do not help to stabilize the economy.  I do not think that this is news to anyone.
In other news: Spanish February retail sales were down 6.4% y/y-this was expected.
French PPI at +.8-which is higher than the .5% that was expected.

Nouriel Roubini-the economist known as De. Doom predicted that the euro will need to go to parity with the USD in order for Euope’s economy to grow.  remember that is his opinion.

Asian equity markets were mixed-Europe is higher-as are US Futures.

Oil, Gold and silver are all higher.

HAVE A GODD DAY & WEEKEND & GOOD LUCK

  

 
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