Wednesday, June 6, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-June.6.2012

Posted: 06 Jun 2012 05:54 AM PDT

Good Morning:

As expected the ECB left interest rates steady at 1%.
ECB President Draghi has commented after the rate decision:
Growth remains weak within the Euro Zone
Continue refinancing procedures
Money spigots to be left wide open

Greek tourism revenue is expected to drop by 10-15% this year.
The drachma would bring 50%  discounts on holiday travel-let’s pack the suitcases!!

The Fed releases their Beige Book this afternoon-which is an overall view of the US economy.

Asian equity markets were higher-as is Europe-and US Futures.

Oil is higher
Gold and Silver are also higher.

HAVE A GREAT DAY & GOOD LUCK

 
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