Wednesday, August 1, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Aug.1.2012

Posted: 01 Aug 2012 05:31 AM PDT

Good Morning:

Welcome to August.  Thin markets and all.

The markets are awaiting the news from the Central Bankers of the world this week.
We have the FOMC decision today.
BOE and ECB on Thursday.
US jobs data on Friday.

ADP employment data this morning: +163K  expected 120K.
Remember that the ADP reports have not been on the mark the last few months-but it is an indication of the employment scenerio in the US.  

Maybe this positive jobs data will keep the FED at bay for another month before considering QE3.

Asian equity markets were mixed-European markets are mostly higher-as are US Futures.

Gold & Silver are lower.
Oil a touch higher.

HAVE A GREAT DAY & GOOD LUCK

 

 
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