Bobbys Corner-Open Market-May.18.2012
The equity markets started the overnight session down 3% throughout the region.
The continued ongoing Greek crisis along with the downgrade of Spanish banks all lead to the drop.
The Euro initially took a beating-EUR/USD traded as low as 1.2641, and then as the market’s soaked in the news-the pair rose to a high of 1.2728. Quite a comeback by the single currency.
The Euro Zone had a really tough week:
-with no real news or changes in Greece-except talk about the election-which is not till June 17.
-new governments in France and Greece, after May’s election.
-Spanish bank downgrades.
Now all eyes will be on this weekend’s G-8 meeting at Camp David.
Asian equity markets were lower-Europe is mixed-while US Futures are higher.
Oil is lower-Gold is higher today.
Facebook IPO priced at $38/share-let’s see how the markets cooperate.
HAVE A GREAT DAY- WEEKEND & GOOD LUCK
forex: ▼ Sell $EURUSD at 1.2705 stop 1.2735 targets 1.265 and 1.2625 http://t.co/r30t5r7Q #forex
forex: ▼ Sell $EURUSD at 1.2705 stop 1.2735 targets 1.265 and 1.2625 http://t.co/r30t5r7Q #forex
forex: ▼ Sell $EURUSD at 1.2705 stop 1.2735 targets 1.265 and 1.2625 http://t.co/r30t5r7Q #forex
forex: ▼ Sell $EURUSD at 1.2705 stop 1.2735 targets 1.265 and 1.2625 http://t.co/r30t5r7Q #forex
forex: ▼ Sell $EURUSD at 1.2705 stop 1.2735 targets 1.265 and 1.2625 http://t.co/r30t5r7Q #forex
forex: ▼ Sell $EURUSD at 1.2705 stop 1.2735 targets 1.265 and 1.2625 http://t.co/r30t5r7Q #forex
forex: ▼ Sell $EURJPY at 100.75 stop 101.1 targets 100 and 99.4 http://t.co/Y0iOuxhZ #forex
forex: ▼ Sell $EURJPY at 100.75 stop 101.1 targets 100 and 99.4 http://t.co/Y0iOuxhZ #forex
forex: ▼ Sell $EURJPY at 100.75 stop 101.1 targets 100 and 99.4 http://t.co/Y0iOuxhZ #forex
forex: ▼ Sell $EURJPY at 100.75 stop 101.1 targets 100 and 99.4 http://t.co/Y0iOuxhZ #forex
forex: ▼ Sell $EURJPY at 100.75 stop 101.1 targets 100 and 99.4 http://t.co/Y0iOuxhZ #forex
forex: ▼ Sell $EURJPY at 100.75 stop 101.1 targets 100 and 99.4 http://t.co/Y0iOuxhZ #forex
forex: @mikebertelsen thanks
forex: @mikebertelsen thanks
forex: @mikebertelsen thanks
forex: @mikebertelsen thanks

