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Monday, October 15, 2012
Forex Market Updates & Commentary
Forex Market Updates & Commentary | |
| Bobbys Corner-Open Market-Oct.15.2012 Posted: 15 Oct 2012 05:05 AM PDT Monday morning markets: Europe is still in a wait and see mode-as the Spanish saga keep going-with no end in sight. 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. 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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Friday, October 12, 2012
Forex Market Updates & Commentary
Forex Market Updates & Commentary | |
| Bobbys Corner-Open Market-Oct.12.2012 Posted: 12 Oct 2012 05:31 AM PDT The European Union was awarded the Nobel Peace Prize for promoting peace,democracy and human rights. Austarilia’s RBA is very concerned that the countries GDP is softening-as China’s economy is slowing. Rumors are swirling that Spain will request ESM aid soon-after yesterday’s S&P downgrade of the country. US VP Joe Biden and Congressman Paul Ryan slugged it out in their only debate. 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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Thursday, October 11, 2012
Forex Market Updates & Commentary
Forex Market Updates & Commentary | |
| Bobbys Corner-Open Market-Oct.11.2012 Posted: 11 Oct 2012 05:16 AM PDT Spain was downgraded by S&P to BBB- from BBB+. This brings Spain’s debt rating to the brink of junk. Can you believe that Spanish debt is considered investment grade! In other news-Fitch Ratings put Portuguese banks on a “negative” outlook. No surprise there-except that they should of done this months ago. Asian equity markets were mixed-Europe and US Futures are all higher. HAVE A GREAT DAY & GOOD LUCK |
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Wednesday, October 10, 2012
Forex Market Updates & Commentary
Forex Market Updates & Commentary | |
| Bobbys Corner-Open Market-Oct.10.2012 Posted: 10 Oct 2012 05:14 AM PDT A fairly lackluster overnight session-with the majors showing no real activity. Fitch Ratings commented that the US fiscal cliff, EU crisis, and a potential “hard landing” for the Chinese economy will be Fitch also commented that the Spanish and Italian recessions are intensifying. After Greece greeted Angela Merkel with a protest upon her visit yesterday-Greek labor unions have decided to stage anti-austerity strike on Oct. 18. Asian and European equity markets are mostly negative-as are US Futures at this time. Oil is flat-Gold and Silver are higher. HAVE A GREAT DAY & GOOD LUCK |
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Tuesday, October 9, 2012
Forex Market Updates & Commentary
Forex Market Updates & Commentary | |
| Bobbys Corner-Open Market-Oct.9.2012 Posted: 09 Oct 2012 05:30 AM PDT The IMF cut it global GDP forecast-yet again. European Finance ministers are meeting in Luxembourg today-and there is no word about Spain-and any potential bailout. Negotiations are continuing in Greece, regarding the 13.5 bln euros of additional budget cuts that the country must meet for any further funds to be distributed. Asian equity markets were mostly higher. Europe is mixed-and US Futures are higher. Oil, Gold and Silver are all higher. HAVE A GREAT DAY & GOOD LUCK |
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