Monday, April 23, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-April.23.2012

Posted: 23 Apr 2012 05:25 AM PDT

Good Morning:

Risk Off-as Germany’s April flash manufacturing PMI printed at 46.3 versus 49.0 that was forecasted.
This was the largest contraction since July 2009.
This report is somewhat of a shocker-and not a great sign for the Euro Zone’s overall economic situation.
Dutch April business confidence -3.3 from -2.6 in March.
Dutch/German 10 year bond spreads widen to 72 from 61.
French April manufacturing industry morale-95 down from 98
Italy April consumer morale-much lower at 89 from March’s read of 96.3-this is the lowest reading since January 1996.

Is this problem starting to reach some of northern Europe too- Let’s hope not!

Gold, Silver and oil are all lower.

World indexes were all lower-and US Futures are pointing to a lower opening this morning.

HAVE A GREAT DAY & GOOD LUCK
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