Forex Market Updates & Commentary

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Bobbys Corner-Open Market-Aug.14.2012 Posted: 14 Aug 2012 05:11 AM PDT Good Morning: GDP Q2 results for Germany and France were released.  Both were slightly better than expected. Germany Q2 GDP +.3%   expected +.2% France was flat  expected -.1% EuroZone  Q2 GDP-.2%   y/y -.4% German ZEW forecast of investor sentiment (expectations 6 months forward) was down  25.5 much weaker than the expected -19.6.  The decline is due to weak growth with export partners. Exports may become more difficult in the near future. Let’s hope that today’s US data may spark some interest in this market: US July PPI  exp: +.2%  from +.1% US July Retail Sales  exp: +.3% Gold, Silver and Oil are all higher. World equity markets are positive-as are US Futures. HAVE A GREAT DAY & GOOD LUCK

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