Friday, April 6, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-April.6.2012

Posted: 06 Apr 2012 05:13 AM PDT

Good Morning:

Most of the world is closed for Good Friday-leading to a fairly quiet overnight session.
This is a very unusual day for the markets-as the most important US economic data released on a monthly basis (non farm payrolls and unemployment rate)-will be released with almost all worldwide markets being closed, including the US equity markets.
US Bond markets will be open for a abbreviated session this morning-so that traders may react to this morning’s data.

Non Farm Payrolls is expected to show a 203K increase  and the unemployment rate is expected to stay steady at 8.3%.

Asian markets were mostly higher, with the Nikkei the only loser.  European markets were closed-and US Futures are higher.

HAVE A GREAT DAY -WEEKEND & GOOD LUCK
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