The risk-on switch was quickly turned back to the off position as

The risk-on switch was quickly turned back to the off position as investors came to their senses and realized that Greece’s election of a pro-bailout administration isn’t going to cure what ails the European Union, and even Greece for that matter. For now, the “Grexit” has been avoided but as markets moved higher at the onset of trading in Asia, so too did Spanish and Italian bond yields which are sitting at 7.13% and 6.04% respectively. Markets in Asia were able to close  higher on the day but U.S. markets look to be headed for rough seas. Many will move their attention to the G20 summit in Mexico, that begins today, in search of any indications that the world’s leading economies will start to focus on diminishing growth around the globe, particularly in China and the US.  Here in the states, traders will look to position themselves accordingly ahead of the Federal Reserve’s policy announcement on Wednesday, when the Fed’s Open Market Committee meeting will conclude. The expectations are that the Fed will push further stimulus measures after reports of weak economic data over the past few weeks.  Have a great day!

 

Metals	Last	%Change	Low	High
Au-Aug	1623.1	-0.30%	1606.9	1631.3
Pt-Jul	1484	-0.23%	1480.0	1504.8
Pd-Sep	630.55	0.02%	625.00	636.50
Ag-Jul	28.360	-1.32%	28.235	29.010
London	AM	PM	Minor	PGMs
Au	1623.5		Rh	1250
Pt	1486	1484	Ru	115
Pd	626	628	Ir	1100
Ag	28.43	DJI	12767.17	115.26
Currencies
	USD	EUR	JPY	GBP
USD	0	1.2606	0.012653	1.5657
EUR	0.7933	0	1.00377	1.242
JPY	79.03	99.62	0	123.73
GBP	0.6387	0.8052	0.8082	0
Crude Brent	95.72	Comex Copper	338.1
Crude WTI	82.63	Nat Gas	2.521
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES