Friday, June 29, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-June.29.2012

Posted: 29 Jun 2012 05:56 AM PDT

Good Morning:

EU summit after EU summit-nothing gets done-
BUT- this one actually came through with some results.
EU leaders have agreed to take emergency action to lower Italy and Spain’s borrowing costs.
Bond buying mechanism
Euro growth package

European bond yields fall after the news-while German bunds moved a bit higher in yield.

World equity markets rallied on the news-and US Futures are up big!

Oil higher (over $81 bbl)
Gold & silver are also higher

HAVE A GREAT DAY-WEEKEND & GOOD LUCK
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)