Monday, May 21, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-May.21.2012

Posted: 21 May 2012 05:32 AM PDT

Good Morning:

As expected-the G8 Summit was anticlimactic-and  produced nothing new.   
The Euro Zone  had lots of issues last week:
New French leader-looks at growth-not austerity
Spain’s budget deficit problems grow wider
Greece-are they or are they not leaving the Euro?

G8 members are showing their continued support for Greece to stay with the Euro.

European leaders are having their own summit meeting this Wednesday-Boy they like to go to meetings!

One of the main discussions will center around the fact that France’s new President, who won the election because he called for growth, is clearly at odds with Germany’s desire to cut spending and put the region on austerity measures,

Asian equity markets were mostly higher-while Europe and US Futures are all in positive territory.
Gold & Silver are lower-Oil is a touch higher.

HAVE A GREAT DAY & GOOD LUCK
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