Friday, June 15, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-June.15.2012

Posted: 15 Jun 2012 05:44 AM PDT

Good Morning:

FX markets are fairly stable ahead of this weekends election in Greece.
Not too many player are looking to put their feet in the water ahead of the results.
We should start seeing some results at about 2 or 3 PM (EST) this Sunday.

There are also regional elections being held in France-and it will be interesting to see if President Holland’s Socialists will win a clear majority.

Rumors in the markets are that Central bank will work together to stem any liquidity or adverse marketplace reactions to the Greek elections.

This is a fundamental move-throw out the technicals this weekend.

Asian and European equity markets are all higher-along with US Futures.

Gold and Silver are higher
Oil is also higher this morning-just over $84/bbl

HAVE A GREAT DAY-WEEKEND & GOOD LUCK
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