Monday, October 15, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-Oct.15.2012

Posted: 15 Oct 2012 05:05 AM PDT

Good Morning:

Monday morning markets:

Europe is still in a wait and see mode-as the Spanish saga keep going-with no end in sight.
Will they/won’t they ask for a bailout.  Let’s do the bailout and go on with business.

The Greek saga continues-as the Troika continues  to talk of how to achieve the 13.5 bln euros in cuts that are needed to secure the next round of  loans.  They are looking to have an agreement by the end of the week, as the EU is having yet another summit.
If they miss this summit-there will be one coming down the pike in a few days.

Asian equity markets were mixed-Europe is higher-as are US Futures.

Oil is higher-Gold and Silver are softer. 

HAVE A GREAT DAY & GOOD LUCK
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