Thursday, May 24, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-May.24.2012

Posted: 24 May 2012 05:21 AM PDT

Good Morning:

Some weak economic data from the Euro Zone kept the single currency under pressure.

German IFO business climate down at 106.9-median forecast was for 109.4
Dutch unemployment moves up to 6.2% from 5.9%
German May flash manufacturing PMI 45.0 down from 46.2-forecast 47
French May flash manufacturing 44.4 down from 46.9-forecast 47
one flash composite PMI 45.9 down from 46.7-lowest read since June 2009

The news in Europe continues to disappoint-and is there any real remedy-certainly not in the short term.

Asian equity markets were mixed.  European equities are all higher-IS Futures are also higher at this time.
Gold, Silver and Oil are all higher. 

HAVE A GREAT DAY & GOOD LUCK
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