Forex Market Updates & Commentary

---

Bobbys Corner-Open Market-Oct.3.2012 Posted: 03 Oct 2012 05:11 AM PDT Go0d Morning: Little movement in the markets today: China  is still on holiday-as is Korea. Germany has National Day (Reunification Day)-but you can still clear Euro payments. Service sector PMI data is the winner in today’s economic news race: China dropped to 53.7 from 56.3-the lowest in 20 months. Spain dropped to 40.2 from 44-even worse than the worst expectations. UK dropped to 52.2 from 53.7 France dropped to 45 from 46.1-flash reading. Germany dropped to 49.7 from50.6 Euro Zone dropped to 46.1 from 46 flash- down significantly from August’s 47.2 reading. We are awaiting the ADP payroll data-but who really cares-as ADP has been a very weak predictor of non farm payrolls-but it will keep us all entertained for a while this morning. Asian equity markets were higher-expect Tokyo. European markets are mixed-with US Futures slightly higher. Oil is lower-Gold and Silver firmer this morning. HAVE A GREAT DAY & GOOD LUCK

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

Forex Market Updates & Commentary

---

Bobbys Corner-Open Market-Oct.2.2012 Posted: 02 Oct 2012 05:40 AM PDT Good Morning: A fairly inactive morning greets us: China is still on holiday-and India is closed today-So What, you say?- That over 1/3 of the world’s population on holiday today Reserve Bank of Australia cut rates 25bps to 3.25%. Concerns that the boom in natural resources that they have enjoyed for years, may be coming to an end-the RBA took the opportunity to  lower interest rates. Spanish and Italian bond yields are lower today-as the rumor mill has Spain formally asking for a bailout this week. Spanish unemployment jumped 1.7% in Sept-rising the rate to over 25%. Asian markets -and European markets -mostly higher-as are US futures. Gold and Silver are lower-Oil is higher. HAVE A GREAT DAY & GOOD LUCK

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

Forex Market Updates & Commentary

---

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

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

Forex Market Updates & Commentary

---

Bobbys Corner-Open Market-Sept.28.2012 Posted: 28 Sep 2012 05:28 AM PDT Good Morning: We have a quiet end to the week-month and 3rd quarter. Next week China is off for the week, Hong Kong is off on Monday and Tuesday, and Korea is off on Monday & Thursday. Investors are a bit relaxed after yesterday’s Spanish budget announcement.  The idea of actually cutting spending versus austerity and tax increases is welcome news to the markets. Some of the forcasts from the government are “very hopeful”-so we will have to see how this entire scenario pans out in the short term. Spain will sell bonds next week-they should be issuing bonds as fast as they can-while the markets till feel that the ECB could buy up the debt.   Spanish bank stress test results are due out later today also. France is expected to announce their tough austerity budget later today. Gold and Oil are lower-Silver is higher. Asian equity markets were mostly higher-except that Tokyo was lower. European equity markets are lower-and US Futures are down about 70 pts at this time. HAVE A GREAT DAY-WEEKEND & GOOD LUCK

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

Forex Market Updates & Commentary

---

Bobbys Corner-Open Market-Sept.27.2012 Posted: 27 Sep 2012 05:42 AM PDT Good Morning: Lots of news overnight-and most of it was not positive. In Europe: Spanish bank deposits down -1.1% in August. EZ economic sentiment falls to 85.0 from 86.1 German unemployment +9k- as expected. Nervousness over Spanish bank stress test results due today. Nervousness over Spanish budget announcement due later today. Some weak economic news from China-has spurred the rumor mill this morning-markets are thinking that China will announce a large stimulus package after China National Day (Oct 1). Silver, Gold and Oil are all higher. World equity markets and US Futures are all higher today. HAVE A GREAT DAY & GOOD LUCK

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

Forex Market Updates & Commentary

---

Bobbys Corner-Open Market-Sept.25.2012 Posted: 25 Sep 2012 05:25 AM PDT Good Morning: The markets seem to be in the doldrums today. Consumer sentiment/confidence data in Europe shows that the continent is still in the doldrums-as German and French data is flat-and Italian data is slightly better-but still close to record lows. Ms. Merkel is also in the doldrums-as she feels there is still a lack of confidence in the Euro Zone. Labor costs are too high, investors are scared of the EZ-not only a lack of confidence in the banking sector, but a lack of confidence in the sovereign governments, and their ability to repay their debt obligations.   Oil, Gold and Silver are all higher. Asian and European equity markets were/are mixed.  US Futures up small. HAVE A GREAT DAY & GOOD LUCK

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

Forex Market Updates & Commentary

---

Bobbys Corner-Open Market-Sept.24.2012 Posted: 24 Sep 2012 05:29 AM PDT Good Morning: A very weak German IFO business climate index: 101.4 in September-much weaker than the 102.5 Reuters forecast, caused the Euro  take a hit.  The EUR/USD fell from the mid 1.29′s into the upper 1.28′s before settling back to 1.2910.  It is presently at 1.2916. Greek government officials insist that 13.5 bln euros will close their budget gap-outside sources state that the amount will be closer to 20 bln euros. The markets are awaiting Spain to formally ask for a bailout from the ECB within days.  Spain is about to approve a tough new budget-while also in need of a 60 bln euro bailout for their banks. Also in the headlines is a story that the ECB is awaiting a formal request for bailout package for Cyprus too.. “When it rains-it pours” Oil, Gold and Silver are all lower. Equity markets and US Futures were/are all in negative territory . HAVE A GREAT DAY & GOOD LUCK

You are subscribed to email updates from Forex News and Commentary by FXDD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610