Wednesday, August 15, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Aug.15.2012

Posted: 15 Aug 2012 05:12 AM PDT

Good Morning:

Today is Assumption Day-and the European markets are very thin.  It is bound to be a quiet session with most of mainland Europe out for the holiday.

Comments by Chinese Premier Wan-that the economic foundation of China’s economic recovery is still not stable, did little to settle markets.
These comments along with yesterday’s disappointing Euro Zone GDP data, are all helping drag world equity markets lower.

Standard Chartered Bank has agreed to a $340 min settlement with NY State regulators regarding the Illegal Iranian money transfers.
This is only the beginning for Standard Chartered-as now the US Treasury and the Fed have their own investigation going on with this case.

World equity markets and US Futures are all in negative territory.

Gold, Silver and Oil are all lower.

HAVE A GREAT DAY & GOOD LUCK 

 
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