Wednesday, June 20, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbyscorner-Open Market-June.20.2012

Posted: 20 Jun 2012 05:43 AM PDT

Good Morning;

Markets are on hold-as we await the FOMC announcement later this afternoon.
The G-20 meeting is concluding-with members agreeing to European plans to integrate their banking industry, along with a closer economic union (haven’t we heard that before).
We should have a 3-party coolition agreement in Greece by days end. 
The Greek’s have announced that Vassillis Rapanos, currently Chairman of the National Bank of Greece,
will be named as Finiance Minister (he must of picked the short straw). 

The UK-MPC minutes were released and they voted 5-4 to keep QE stable, and 9-0 to keep interest rates on hold.

Asian equity markets were higher, European equity markets are mixed.  US Futures are higher too.
Oil is higher-Gold is lower.

HAVE A GREAT DAY & GOOD LUCK
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