DAILY MARKET REVIEW - 11th November 2013 - Morning Forex: USD went up compared to JPY, before Federal Reserve statement release about influences of U.S. economy on Central Bank decision, to taper monetary stimulus. EUR fell almost to the lowest level since 10 months, compared to GBP. AUD rose 0.01% compared to USD, coming up from its biggest drop since August. This turn was caused by unexpected growth of industrial output, which accelerated in China, the South Pacific nation’s biggest trading partner, due to that, domestic home loans increased. NZD went up compared to most of its major peers, since Auckland-based Fonterra Cooperative Group Ltd. said milk-solids volume increased. JPY dropped 0.11% compared to USD. Metals and Commodities: Gold was in a downtrend for a third day and dropped 0.4% to the direction of the lowest level since three weeks, thanks to U.S. employers, who added more jobs than it was expected. Anyways gold has fall down 23% this year, which is the biggest drop since 1981 so far. Spot silver fell 1%, while palladium dropped 0.2%. Copper analysts are the most bullish in eight months, because of speculations on joining hedge funds betting prices, if it will gain on stronger demand from China, the biggest buyer. Light sweet crude futures for delivery in December went up 0.11%. Global News: European stock-index futures climbed. U.S. index futures and Asian shares changed only a little. Emerging-market stocks reached the longest loss streak since 2006, because of typhoon, in Philippine and Thailand. India’s rupee and developing-nation currencies went lower. Learn more at afxants/ #fx #forex #marketreview #metals #commodities #money #globalnews
Posted on: Mon, 11 Nov 2013 07:57:31 +0000
Trending Topics
Recently Viewed Topics
© 2015