Friday, September 7, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Sept.7.2012

Posted: 07 Sep 2012 05:25 AM PDT

Good Morning:

The Draghi rally continues.  It looks like the markets are giving the ECB bond purchase program the thumbs up.
Euro Zone periphery bond yields are falling.
Spanish 10 year yielding at 5.72%-on Monday the same bond was close to 7%.

World equity markets rallied across the board- Asian markets along with European indexes are all higher.
US Futures are also higher.

Oil is now over $96/bbl.  Gold and Silver are a touch lower.

All eyes are on this morning’s US jobs data due out at 8:30 AM.

My guesstimate for NFP is +125K-we will see soon enough.

HAVE A GREAT DAY -WEEKEND & GOOD LUCK
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