Forex Market Updates & Commentary

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BobbysCorner-Open Market-Oct.1.2012 Posted: 01 Oct 2012 05:15 AM PDT Good Morning: We start the day/week/month & 4th quarter with a rally in the European equity markets. Encouraging news from the Euro Zone’s periphery manufacturing PMI front for September is helping the markets: Irish PMI-51.8 from 50.9 Spanish PMI 44.6 from 44.1 Italian PMI 45.7 from 43.6 Euro Zone PMI 46.1 from 46 Italian jobless rate stay steady at 10.7%.  Expected 10.8%. This is still the highest reading since 2004. China is closed this week-and many Asian countries are closed Monday & Tuesday (Taiwan, Hong Kong, Korea). US Futures are following their European counterparts-up 50+ points. Oil, Gold, and Silver are all lower. HAVE A GREAT DAY & GOOD LUCK

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