Thursday, April 19, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-April.19.2012

Posted: 19 Apr 2012 05:34 AM PDT

Good Morning:

Better than expected Spanish bond sales helped the euro.
Spain sold 2 and 10 year bonds.  The 2 year yield will be 3.463% versus 3.495%.
Spanish 10 year bonds yielded 5.743% versus 5.403%.
Even though the 10 year yield was higher than the last auction-it stayed below the key 6% level.
Spanish/German 10 year spread widens to 421 bps from 410.
Italian/German 10 year spread widens to 390 bps from 376
French/German 10 year spreads widens to 140 bps from 129

Oil is trading under $103/bbl
Gold & Silver are also lower.

Asian and European equity markets were mixed-US Futures are higher.

HAVE A GREAT DAY & GOOD LUCK
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