Forex Market Updates & Commentary

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Bobbys Corner-Open Market-Sept.27.2012 Posted: 27 Sep 2012 05:42 AM PDT Good Morning: Lots of news overnight-and most of it was not positive. In Europe: Spanish bank deposits down -1.1% in August. EZ economic sentiment falls to 85.0 from 86.1 German unemployment +9k- as expected. Nervousness over Spanish bank stress test results due today. Nervousness over Spanish budget announcement due later today. Some weak economic news from China-has spurred the rumor mill this morning-markets are thinking that China will announce a large stimulus package after China National Day (Oct 1). Silver, Gold and Oil are all higher. World equity markets and US Futures are all higher today. HAVE A GREAT DAY & GOOD LUCK

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