Forex Market Updates & Commentary

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Bobbys Corner-Open Market-Sept.25.2012 Posted: 25 Sep 2012 05:25 AM PDT Good Morning: The markets seem to be in the doldrums today. Consumer sentiment/confidence data in Europe shows that the continent is still in the doldrums-as German and French data is flat-and Italian data is slightly better-but still close to record lows. Ms. Merkel is also in the doldrums-as she feels there is still a lack of confidence in the Euro Zone. Labor costs are too high, investors are scared of the EZ-not only a lack of confidence in the banking sector, but a lack of confidence in the sovereign governments, and their ability to repay their debt obligations.   Oil, Gold and Silver are all higher. Asian and European equity markets were/are mixed.  US Futures up small. HAVE A GREAT DAY & GOOD LUCK

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