Wednesday, May 16, 2012 8:13 PM EST

Bobbys Corner-Open Market-January.23.2012

Written January 23, 2012 at 8:59 AM EST by Bob Slade

Email This Post Print This Post

Good Morning:

Asian trading was muted as the start the Chinese New Year kept many Asian market participants away.

In a move that has been anticipated- EU Foreign Ministers announced that there will a ban on Iranian oil imports beginning July 1st in an effort to pressure the nation to contain its nuclear program. The EU will try to put measures in place to ease the pain of an embargo for some countries, like Greece
Iran has been meeting with Indian officials on how to maintain trade-as the world looks to tighten sanctions around Iran and countries doing business with them. Iran is India’s second largest oil supplier-and they have discussed Iran being paid in rupees. Iran is seeking partial payment in JPY-as Iran is concerned about the value of the rupee staying somewhat stable.

Equity markets are higher-as are US Futures.

Oil, Gold and silver are all higher.

HAVE A GREAT DAY & GOOD LUCK

Share and Enjoy:

Categories: Bobbys Corner | Tags: chinese new year, EU, Greece, india, iran, oil embargo

No Responses to “Bobbys Corner-Open Market-January.23.2012”

Add a comment

Forex Software

Trading Account

Learning Center

Languages

Copyright © 2012 FXDD · Site Map · Log in

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FXDD provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of futures results and FXDD specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FXDD expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.