Friday, October 12, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Oct.12.2012

Posted: 12 Oct 2012 05:31 AM PDT

Good Morning:

The European Union was awarded the Nobel Peace Prize for promoting peace,democracy and human rights.
They were awarded this prize-as the EU was once a continent at war-and now is a continent of peace.  Well Done!

Austarilia’s RBA is very concerned that the countries GDP is softening-as China’s economy is slowing.
The RBA will be able to move quickly on interest rate if needed.

Rumors are swirling that Spain will request ESM aid soon-after yesterday’s S&P downgrade of the country.
They should just get on with it already-this story is getting worn out - Like Greece.

US VP Joe Biden and Congressman Paul Ryan slugged it out in their only debate.
It was a very entertaining evening-but I do not know if it swayed the undecided voters that both parties desperately need to win.

Oil is slightly higher-Gold and Silver slightly softer.

Asian equity markets were mostly higher, Europe is mostly lower-US Futures are higher.

HAVE A GREAT DAY-WEEKEND & GOOD LUCK   

 
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