Wednesday, April 18, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-April.18.2012

Posted: 18 Apr 2012 05:20 AM PDT

Good Morning:

GBP took center stage overnight-as the GBP hit a 19 month high versus the euro after MPC minutes showed that members voted 9-0 to keep rates unchanged, and 8-1 to keep QE at 325bln GBPs
Better than expected UK employment data also helped boost sterling.

In European news:
German auctions results went very well.
Spanish home prices fall -3% in Q1.  Drop is -7% from a year earlier.
Things just continue to get uglier in Spain.
Comments from Sarkozy and Lagarde continued to put pressure on the single currency.

Gold and Silver are all lower
Oil is higher-over $104/bbl
Asian equity markets were higher-Europe is mostly lower-and US Futures are also mostly lower

HAVE A GREAT DAY & GOOD LUCK
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)