Thursday, July 19, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-July.19.2012

Posted: 19 Jul 2012 05:25 AM PDT

Good Morning:

Spain had a tough time as they went to the markets to sell more debt to the world.
Spain raised 2.981 bln in this morning's auctions vs target 3 bln.
2 year average yield 5.204% vs previous 4.335%
5 year average yield 6.459% vs previous 6.072%
7 year average yield 6.701% vs previous 4.832%
The 10 year govt bond yield has moved through the psychological 7% -presently at 7.02% :(

10 year Italian bonds are above 6% again.

Asian/European and US Futures are all higher on the day.

Gold & Silver are higher also.
Oil is higher-over $91/bbl.

HAVE A GREAT DAY & GOOD LUCK- I will be away doing “family things” the next few days.
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