Wednesday, September 19, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Sept.19.2012

Posted: 19 Sep 2012 05:22 AM PDT

Good Morning:

The Bank of Japan expands asset purchase program to 55 trillion yen-from 45 trillion yen.  Interest rates were left unchanged-as was widely expected.
The bright light from this latest round of intervention was dimmed once Europe entered the markets-and the woes of the EuroZone resurfaced.
The Euro has given up some ground-and equity markets are softer.
 
S&P affirms Austrailia’s AAA rating-outlook-”stable”.  A rare bright light in today’s financial arena.

Oil is lower
Gold is higher-Silver is softer.

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

HAVE A GREAT DAY & GOOD LUCK
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