Friday, August 31, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Aug.30.2012

Posted: 30 Aug 2012 05:09 AM PDT

Good Morning:

We await the opening of the Jackson Hole economic conference which is set to open Friday with Fed Chairman Bernanke speaking.

We are also sitting and waiting for the ECB meeting next week-and the markets are eagerly awaiting word from ECB President Draghi on the direction that the ECB will take.

German  August jobless total rises 9K,  in line with expectations.
Unemployment rate stays steady at 6.8%.

Spanish flash CPI +2.7% y/y- last +2.2% in July.

Asian markets were lower-followed by Europe-and joined by US Futures.

Gold, Silver and Oil are all lower too.

HAVE A GREAT DAY & GOOD LUCK
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