Friday, July 27, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-July.27.2012

Posted: 27 Jul 2012 05:10 AM PDT

Good Morning:

The Draghi rally did spill over to the Asian session-Europe is also higher-as are US Futures.

The Euro picked up also=-even though the overall news in Europe is not positive.
Spain’s Q2 unemployment rate rose to 24.63% from 24.44 in Q1.  This is the highest level since 1976.
French Consumer Confidence drops to 87- expected-90
Italian Business Confidence falls to 87.1 in July- from 88.7 in June.

Periphery Euro Zone bond yields dip:
Italian 10 year-under 6%
Spanish 10 year at 6.78%

Let’s hope that next Thursday when ECB President Draghi speaks-he will “walk the walk”-after yesterday’s “talk the talk”.

Oil, Silver and Gold are all higher.

HAVE A GREAT DAY-WEEKEND & GOOD LUCK

No comments:

Post a Comment