Wednesday, April 25, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-April.25.2012

Posted: 25 Apr 2012 05:38 AM PDT

Good Morning:

The UK had some disappointing news this morning:

UK Q1 GDP -.2%.  Medium forecasts were for .1%
So UK now in a  technical recession and cable collapses to  1.6090 from around 1.6140

Spanish 10 year bond yields are down to 5.825%.

German 30 year Bunds were sold at 2.41% (down from 2.62%).
The yield was better but the take up was lower than expected. 
They sold 2.405 bin euros out of a total targeted amount of 3 bln euros.
Germany keeps it’s 2012 GDP forecast at +.7%-with +1.6% in 2013.

Oil is now at $104.31/bbl.

Asian equity markets were mostly higher.  Europe is higher-as are US Futures.

HAVE A GREAT DAY & GOOD LUCK
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