Bobbys Corner-Open Market-May.25.2012
A none event overnight session greats us this morning.
Some (non-encouraging) comments from Belgian Foreign Minister Reynders kept the markets awake:
1) Greece can’t handle further spending cuts
2) Greeks need to pay their taxes
3) Would be “grave professional error” if central banks and companies not preparing for Greece euro exit
More bad news from Greece:
Tourism fell 15.1% in Q1-2012 according to data from the central bank.
Authorities ask Greek’s to keep their money in the banks-as they are concerned of a run on the banks.
Potential Greek bank run could be contagious throughout the region.
Asian equity markets were mixed-Europe is lower and US Futures are also lower.
Gold, Silver and Oil are all slightly lower.
Remember that both NY and UK centers are closed on Monday-and markets may be illiquid.
HAVE A GREAT DAY- WEEKEND & GOOD LUCK
forex: ▼ Sell $EURUSD at 1.257 stop 1.2605 targets 1.253 and 1.25 http://t.co/r30oxQYG #forex
forex: ▼ Sell $EURUSD at 1.257 stop 1.2605 targets 1.253 and 1.25 http://t.co/r30oxQYG #forex
forex: ▼ Sell $EURCAD at 1.2905 stop 1.292 targets 1.288 and 1.285 http://t.co/WymiXI5h #forex
forex: ▼ Sell $EURCAD at 1.2905 stop 1.292 targets 1.288 and 1.285 http://t.co/WymiXI5h #forex
forex: ▼ Sell $EURUSD at 1.254 stop 1.258 targets 1.249 and 1.245 http://t.co/r30oxQYG #forex
forex: ▼ Sell $EURUSD at 1.254 stop 1.258 targets 1.249 and 1.245 http://t.co/r30oxQYG #forex
forex: ▼ Sell $GBPUSD at 1.565 stop 1.5685 targets 1.56 and 1.555 http://t.co/hitfRIo4 #forex
forex: ▼ Sell $GBPUSD at 1.565 stop 1.5685 targets 1.56 and 1.555 http://t.co/hitfRIo4 #forex
Bobbys Corner-Open Market-May.24.2012
Some weak economic data from the Euro Zone kept the single currency under pressure.
German IFO business climate down at 106.9-median forecast was for 109.4
Dutch unemployment moves up to 6.2% from 5.9%
German May flash manufacturing PMI 45.0 down from 46.2-forecast 47
French May flash manufacturing 44.4 down from 46.9-forecast 47
one flash composite PMI 45.9 down from 46.7-lowest read since June 2009
The news in Europe continues to disappoint-and is there any real remedy-certainly not in the short term.
Asian equity markets were mixed. European equities are all higher-IS Futures are also higher at this time.
Gold, Silver and Oil are all higher.
HAVE A GREAT DAY & GOOD LUCK
forex: ▼ Sell $EURUSD at 1.2575 stop 1.261 targets 1.253 and 1.2495 http://t.co/r30oxQYG #forex
forex: ▼ Sell $EURUSD at 1.2575 stop 1.261 targets 1.253 and 1.2495 http://t.co/r30oxQYG #forex
forex: ▼ Sell $GBPUSD at 1.5685 stop 1.5715 targets 1.564 and 1.561 http://t.co/hitfRIo4 #forex
forex: ▼ Sell $GBPUSD at 1.5685 stop 1.5715 targets 1.564 and 1.561 http://t.co/hitfRIo4 #forex
forex: ▼ Sell $EURJPY at 99.8 stop 100.2 targets 99.3 and 98.9 http://t.co/Y0iJWX8P #forex
forex: ▼ Sell $EURJPY at 99.8 stop 100.2 targets 99.3 and 98.9 http://t.co/Y0iJWX8P #forex
forex: ▼ Sell $GBPJPY at 124.45 stop 124.9 targets 123.9 and 123.2 http://t.co/puMHSqLT #forex
forex: ▼ Sell $GBPJPY at 124.45 stop 124.9 targets 123.9 and 123.2 http://t.co/puMHSqLT #forex

