Tuesday, July 3, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-July.3.2012

Posted: 03 Jul 2012 06:07 AM PDT

Good Morning:

A somewhat quiet overnight session-as the markets realize that the US will be closed tomorrow for the July 4th-Independence
Day holiday.

In an expected move-the RBA (Reserve Bank of Australia) left interest rates unchanged-with their benchmark rate staying stable at 3.5%.

Now for some European news:

Spanish unemployment dropped by over 2%-as the country gets ready for the summer tourist season.
German new car registration up almost 3%-they do love their cars!
Ireland looks to auction 500 mln euros of 3 months t-bill on July 5.
Italian PM Monti expects spending cuts to increase.

Oil is up over $2
Gold & Silver are also higher.

Asian & European equity markets are higher-as are US Futures.

HAVE A GREAT DAY & GOOD LUCK

 
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