Wednesday, September 5, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Sept.4.2012

Posted: 04 Sep 2012 05:34 AM PDT

Good Morning:

Well- the summer is officially over-as Labor Day has come and gone.

Before we culminate the week with the US employment, and NFP data on Friday-the markets will hear from 3 central bankers.

The Bank of Canada on Wed, Bank of England on Thursday-where no changes are expected.

Thursday will be the main event-as we finally hear word from ECB President Draghi on his plan to save the Euro Zone.

It seems that the Chinese economy is slowing at a much faster pace than the government thought-and it looks like the powers to be are behind the curve.
Chinese PMI fell to 49.2 from 50.1
Chinese Mfg fell to 47.6 from 49.3
Taiwan’s PMI fell to 46.1 from 47.5

Oil, Gold and Silver are all higher.

Asian equity markets were lower, as is Europe.  US Futures slightly higher.

HAVE A GREAT DAY & GOOD LUCK
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)