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Posted: 02 Aug 2012 05:20 AM PDT
 Good Morning:
This is Mario Draghi’s day in the limelight. Let’s see how he does.
What will he do to save the euro-Everyone has the same question on their minds. Draghi has many options-from cutting rates, full blown QE, bond buying-or maybe a combo of them?
ECB leaves interest rates unchanged- Draghi to speak at 8:30 AM (EST)
Bank of England leaves rates unchanged, and QE left at 375 bln GBP.
S&P affirmed Germany’s AAA/A-1+ rating with a stable outlook.
PPI in Europe fell .5% for the 2nd month in a row-on lower energy costs.
In the US we have jobless claims at 8:30 AM, and US Factory orders.
Gold, Silver and Oil are all higher.
Asian equity markets were mixed-Europe is higher-as are US Futures.
HAVE A GREAT DAY & GOOOD LUCK
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Forex Market Updates & Commentary
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