Monday, April 16, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-April.16.2012

Posted: 16 Apr 2012 05:17 AM PDT

Good Morning:

Credit issues in the Euro Zone are still the main course in the marketplace.

Spanish 10 year yield rose to 6.10%, this is their highest level since December.
Spanish/German 10 year government bond spreads rose to 440 bps.
Spain’s Rojoy made comments that Spain must cut deficit, Spain must act faster than was originally thought, and no one should
questions Spain’s commitment to the euro.
These comments are all repeats of the same story in Greece just a few short months ago.

Asian equity markets were lower-but Europe and US Futures are higher.

Oil is lower-at $102.37 bbl.
Gold and Silver are also lower.

HAVE A GREAT DAY & GOOD LUCK
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