Monday, July 30, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-July.30.2012

Posted: 30 Jul 2012 05:30 AM PDT

Good Morning:

A quiet start to a very busy week of data  greets us this fine summer Monday.

We have the FOMC meeting this week.
Bank of England rate decision on Thursday.
ECB rate decision of Thursday.
US payroll and jobs data on Friday.

In other news:
S&P reaffirms US AAA status-with a stable outlook.
Spanish Q2 GDP fell to -.4% from -.3% in Q1- Down 1% y/y.
Italian bond auction of 2,5 and 10 year maturities-saw demand fall-but better yields.
Spanish 10 year bonds continue their rally.

Asian equity markets were higher-Europe is higher.  US Futures are lower.
Gold, Silver are higher.  Oil lower.

HAVE A GREAT DAY & GOOD LUCK

  

 

 
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