Friday, March 23, 2012

Forex Market Updates & Commentary

Forex Market Updates & Commentary

Link to Forex News and Commentary by FXDD

Bobbys Corner-Open Market-March.23.2012

Posted: 23 Mar 2012 05:22 AM PDT

Good Morning:

A very typical Friday with EUR/USD picking up some steam ahead of the NY opening.
Rumors swirled through the markets that China is considering a rate cut-but remember this is Friday-and the rumor mill gets busier as the week goes on.

In corporate news-US Airways is considering a merger with American Airlines.  With American now under chapter 11 protection, the proposal would include a takeover scenario, to be implemented upon American’s departure from chapter 11.

Asian equity markets were lower, as are the European indexes along with US Futures.

Oil, Gold and Silver are all higher.

HAVE A GREAT DAY-WEEKEND & GOOD LUCK
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)