Monday, June 4, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-June.4.2012

Posted: 04 Jun 2012 05:30 AM PDT

Good Morning:

We start the week out on a quiet note.

The UK is away for the next 2 days-as the country celebrates Queen Elizabeth’s Jubilee Celebration.

Portugal’s rising unemployment rate is causing concerns in the Euro Zone.
Spain’s May jobless -.63% (this is not a big move-but a move in the right direction anyway).
Spain/German 10 year bond spreads down marginally to 523 bps from 528
Italian/German 10 year bond spreads down to 454 from 467

With a barren US economic calender today-markets will be taking a cue from the equity world.

Asian equity markets were lower-Europe is gaining and US Futures are in positive territory.

Oil, Gold and Silver are all lower.

HAVE A GREAT DAY & GOOD LUCK
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