Saturday, September 1, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Aug.31.2012

Posted: 31 Aug 2012 05:20 AM PDT

Good Morning:

Markets are awaiting the opening of the Jackson Hole symposium, with Fed Chairman Bernanke starting the party at 10AM this morning.

Markets seem to be upbeat-at least the most upbeat in a long time.

Euro Zone July unemployment at 11.3%.
Euro Zone August inflation est” +2.6%y/y/ vs. 2.4% in July.
    
Spanish PM Rajoy said that regional bailouts in Spain would continue (3 states have already come looking for money).
At this point Spain is not considering a bailout until the details are speeled out first-and would not accept a bailout if the terms were too
harsh.

Today we have not only the speech by Bernanke, but also Chicago PMI, Consumer Confidence, and factory orders for July.

Gold, Silver and Oil are higher.

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

HAVE A GREAT DAY-Weekend & Good Luck

 
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