Market Review 8.5.12

By FOREXYARD,  May 08, 2012, 04:12:19 AM EDT

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The EUR/USD and USD/JPY once again turned bearish during overnight trading as uncertainty regarding Greece's new parliament led to additional risk aversion in the marketplace. Commodities and precious metals were also down during the Asian session. Crude has fallen to the $97 a barrel level, while gold dropped over $6 an ounce.

Main News for Today

EUR German Industrial Production- 10:00 GMT
• Forecasted to come in at 0.8%, well above last month's -1.3%
• If true, may lead to moderate risk taking in the marketplace which could help euro

EUR ECB President Draghi Speaks- 12:30 GMT
• Any mention of French and Greek elections and their potential impact on the euro-zone recovery could lead to volatility for euro

Read more forex news on our forex blog




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%