Monday, July 16, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-July.16.2012

Posted: 16 Jul 2012 05:18 AM PDT

Good Morning:

Lots of doom and gloom from the media regarding the state of the world’s economy greet us this Monday in July.

Markets are lower in most categories: 
Asian equity markets were lower-Japan was closed for Marine Day. 
European equity markets are also lower 
US Futures are lower 
Metals are lower
Crude Oil is lower
US bond yields are lower

We have a slew of earnings coming out this week-so this will keep investors awake and alert!

My main concern is-if the US economy is sliding back into recession-then what is the Fed doing to fight it this time. 
I am sure that Dr. Bernanke is running out of tricks to pull out of his magic bag, let’s hope that he has a few left.

HAVE A GREAT DAY & GOOD LUCK
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)