DAILY MARKET REVIEW - 21th November 2013 - Morning Forex: JPY dropped 0.7% to its lowest level in four month compared to USD. EUR fell 0.1%, while AUD went down 0.4%. CAD was bullish compared to most of its major peers. GBP climbed to its highest level since three weeks compared to USD. Indonesias rupiah was bearish and dropped to the weakest level since March 2009. Metals and Commodities: Gold was in a downward movement and came down almost to its lowest level in more than four months. Gold for December delivery dropped 0.8%. Copper for delivery in February on the Shanghai Futures Exchange declined 0.8%. Yesterday silver for December delivery dropped 2.39%. West Texas Intermediate dropped for a second day. Crude inventories were bullish for a ninth week. Natural gas futures were in an uptrend yesterday in New York reaching its biggest gain in three weeks. Global Markets: U.S. yields went up to its highest level in more than three years compared to those of the Group of Seven, due to Federal Reserve officials statement that it is possible to reduce bond purchases as the economy improves. Emerging-market stocks were bearish for a third day. The countries’ bonds and currencies fell because of a gauge of Chinese manufacturing declined and the Federal Reserve signaled stimulus may be reduced in coming months. Learn more at: afxants #forex #fx #money #metals #commodities #globalmarkets #marketreview
Posted on: Thu, 21 Nov 2013 07:41:36 +0000
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