Thursday, August 16, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Aug.16.2012

Posted: 16 Aug 2012 05:07 AM PDT

Good Morning:

A very quiet overnight session.

Standard Chartered Bank will probably face a total of $1 billion in fines before it settles all US charges regarding to the illegal Iranian wire transfers that the bank engaged in.

The LIBOR probe has now come across the pond to NY.
NY Attorney- General Eric Schneiderman has issued subpoenas to Deutsche Bank, Citigroup, JP Morgan Chase, RBS, Barclays, HSBC and UBS.

 Global gold demand has fallen 7%-as markets see Indian demand fall-and the new outlook is that China will take over as the largest gold
consumer.

Gold and Silver are lower-Oil is marginally higher at this time.

Asian equity markets were mixed-as is Europe- US Futures are slightly higher.

HAVE A GREAT DAY & GOOD LUCK 

 
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