Forex Market Updates & Commentary

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Bobbys Corner-Open Market-June.7.2012 Posted: 07 Jun 2012 06:02 AM PDT Good Morning: Risk is back on the table today-as market participants are looking for a sign that the world’s Central banks will be looking to add some stimulus into the marketplace. The Bank of England left interest rates unchanged-as was highly expected.  If they decide to add some additional QE-we will hear about it later. Some employment data out of Europe: French Q1 jobless rises to 10% from 9.8%-Q4 Greek jobless: 21.9% from 21.4% Irish jobless: rises to 14.8% from 14.5% France auction results were very well received-with very good rates Spain-good auction-but they paid the price: 2 year yield: 4.335% from 3.463% 4 year yield: 5.353% from 4.319% 10 year yield: 6.044% from 5.743% Asian equity markets were higher Europe and US Futures are all in positive territory Oil is also higher today Gold and Silver are all lower HAVE A GREAT DAY & GOOD LUCK

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