Forex Market Updates & Commentary | ![]() |
Bobbys Corner-Open Market-June.8.2012 Posted: 08 Jun 2012 05:27 AM PDT Risk off Friday! Well-the optimistic mind set that the markets were showing has been eroded in a short 36 hours. While market participants, (and I include all instruments), were anticipating the prospect of global stimulus and additional monetary easing policy have been disappointed. China’s surprise mid week rate cut was initially met with optimism-but if you read between the lines-they must be concerned about the Asian equity markets were lower-European equity markets are also lower-as are US Futures. Oil, Gold and Silver are all lower. HAVE A GREAT DAY-WEEKEND & GOOD LUCK |
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