Thursday, August 30, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobby’s Corner-Open Market-Aug.29.2012

Posted: 29 Aug 2012 05:55 AM PDT

Good Morning:

I have returned from my summer holiday-it was a very nice break.

I see that there has been no real change except that the Euro has rallied a bit-and EU government bond yields have eased.

The Jackson Hole conference is set to begin on Friday-beginning with Bernanke’s speech.

The Bank of Spain released figures that show that deposits in Spanish banks fell by 4.7% in July.  This was the highest in 15 years.
For every 20 euros deposited in early July-one euro was withdrawn by month end.  Is a formal request for aid far away???

Just out-US Q2 GDP 1.7%-as expected.
The first reading was 1.5%.

Asian and European equity markets are lower-US Futures are flat at this time.

Gold, Silver and Oil are all lower.

HAVE A GREAT DAY & GOOD LUCK

 

 
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