Monday, May 14, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-May.14.2012

Posted: 14 May 2012 05:20 AM PDT

Good Morning:

I see that the trend has stayed one sided since I was last in the USA- over 2 weeks ago.

I have been across North America, Saudi Arabia,Qatar,Jordan with a quick stop in Egypt-to see our clients and IBs throughout the region.

Risk off- as the markets are concerned over Greece-with Spain not far behind-and worries over the Chinese economy, and the about future growth of the country is adding  jitters to the markets.

Spanish German 10 year government bond spreads increased to a record 484 bps from 449 bps first thing this morning.
Italy also sold 3.5 billion euros of 3 year notes at 3.91%,  European sovereign bonds are selling-just at higher yields.

Euro is lower
Gold and metals are lower
WTI & Brent are lower
10 year US treasury yields are lower 
Equities are lower too. 

Let’s see what today brings:

HAVE A GREAT DAY & GOOD LUCK
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