Tuesday, April 24, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-April.24.2012

Posted: 24 Apr 2012 05:12 AM PDT

Good Morning:

We awaken this morning to a quiet marketplace.

Italy and Spain both had successful auctions-coming in at the top end of the range.
Spain paid  more for it’s 3 month bill .634% from .381% at the last auction.
Which is a continuing sign of credit issues in the Euro Zone.
Spanish/German 10 year government bond spread narrowed to 424 bps from 436 bps earlier this morning.

Australian inflation came out lower than expected-and market participants are expecting a rate cut by the RBA.
Most bets put the rate cut coming in May at their next meeting.

Gold and Silver are higher.
Oil up at 103.55/bbl.

Asian equity markets were higher-except for Tokyo.  Europe and US Futures are also higher.

HAVE A GREAT DAY & GOOD LUCK
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