Monday, August 13, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Aug.13.2012

Posted: 13 Aug 2012 05:38 AM PDT

Good Morning:

We start the week off with the news that Mitt Romney has picked Paul Ryan to be his VP running mate.
Comments will be reserved for later-as I do not know enough about Mr. Ryan to voice my opinion yet.

Greek Q2 GDP a bit better than expected. Actual -6.2%  expected -7%  Last month-6.5%.

Japan Q2 GDP +.3% q/q.  +1.4% y/y.  The markets were looking for +2.5% y/y.

Bank of America cuts China’s GDP forecast:
2012 GDP cut to 7.7% from 8%.
Q3 forecast cut to 7.4% from 8%.

Gold and Oil are higher.  Silver lower.

Asian equity markets were lower-Europe is mixed-US Futures are lower.

HAVE A GREAT DAY & GOO DLUCK
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