Thursday, August 2, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Aug.2.2012

Posted: 02 Aug 2012 05:20 AM PDT

Good Morning:

This is Mario Draghi’s day in the limelight.  Let’s see how he does.
What will he do to save the euro-Everyone has the same question on their minds.
Draghi has many options-from cutting rates, full blown QE, bond buying-or maybe a combo of them? 

ECB leaves interest rates unchanged- Draghi to speak at 8:30 AM (EST)
Bank of England leaves rates unchanged, and QE left at 375 bln GBP.

S&P affirmed Germany’s AAA/A-1+ rating with a stable outlook.
PPI in Europe fell .5% for the 2nd month in a row-on lower energy costs.

In the US we have jobless claims at 8:30 AM, and US Factory orders.

Gold, Silver and Oil are all higher.

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

HAVE A GREAT DAY & GOOOD LUCK

 

 
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