Tuesday, May 15, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-May.15.2012

Posted: 15 May 2012 05:38 AM PDT

Good Morning:

Germany had some positive news today-when German Q1 took the markets by surprise and rose .5% versus the .1% that was expected.
It seems that better than expected exports along with better than expected consumer spending kept the data positive.
The German data helped keep Euro Zone Q1 GDP flat-as opposed to a negative number.
Italian preliminary Q1 GDP was -.8%-higher than the -.6% expected.
Dutch Q1 GDP -.2%-better than the -.3% that was expected.

After yesterday’s downgrade of 26 Italian banks by Moody’s-the markets  and rating agencies will be looking at the Spanish and the rest of Europe’s banking sector with a fine tooth comb, not that they haven’t been.

US Retail Sales rise .1%-as expected.
US April CPI +2.3%-as expected.

Dow Futres are positive-as are world equity markets.
Oil is higher too.

HAVE A GREAT DAY & GOOD LUCK
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