Friday, April 13, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-April.13.2012

Posted: 13 Apr 2012 05:31 AM PDT

Good Morning;

Friday the 13th-and European markets are not happy:

ECB data shows that Spanish banks borrowed 316.3 bln euros in March compared to 169.9 bln in February.  This accounts for 28% of all ECB borrowing-quite a staggering number.
Spanish and Italian 10 year bonds saw their yields rise overnight.

In China the government announced Q1 GDP-it was a “mere” +8.1% compared to +8.9% in Q4.  It was forecasted to be  +8.3%.
Retail sales in April were +15.2% from a year ago, industrial production up 11.9% from a year ago.
This is data that the rest of the world would dream to have.

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

Oil trading at $103.30 bbl.
Gold and Silver are all lower.

HAVE A GREAT DAY-WEEKEND & GOOD LUCK
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)