Wednesday, July 25, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-July.25.2012

Posted: 25 Jul 2012 05:31 AM PDT

Good Morning:

Lots of action overnight-not much is very positive though.

Apple missed estimates for only the 2nd time in 10 years.  Shares are down 6% in Germany this morning.

UK Q2 GDP -.7% Q/Q  expected -.2%
UK Q2 GDP -.8% Y/Y  expected -.3%
UK blames extra public holiday for the Queens Jubilee, and bad weather for the weak Q2 results.
Either way you look at it-the UK economy is in the tank-and the additional QE program has not done much.

German IFO 103.3  worse than expected at 104.5
Dutch July business confidence -5.2 pts versus -4.8 pts in June.

European bonds yields are moving higher with Spain over the magic 7& level-and Italy just behind them.

Asian equity markets were lower-Europe and US Futures are higher.

Oil, Gold and Silver are all higher.

HAVE A GREAT DAY & GOOD LUCK
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