DAILY MARKET REVIEW - 8th November 2013 - Morning Forex: In Asian trading Friday, AUD was bullish compared to USD and went up 0.08% due to Chinese trade data release. EUR dropped only 0.06% compared to USD, mainly because of low interest rates on Thursday. USDJPY climbed 0.12%. GBPUSD was bullish and changed 0.01%. NZDUSD rose 0.05%. Metals and Commodities: Gold was bullish and immediate delivery climbed 0.3%, because of data today, which may show unemployment rate going down a little. Silver for immediate delivery rose 0.4%. Platinum went up 0.4%. Palladium advanced 2.8% this week. Thanks to China, the biggest buyer, Copper climbed to its highest level from eight months. Crude oil advanced the second time in three days and changed 0.5% up, coming back from its lowest level this week. Natural gas was bullish for a fourth day, due to forecasts, which may boost demand for heating in U.S. Global Markets: Asian stocks are bearish and emerging market currencies were going down before U.S. payrolls data. China’s interest-rate swaps were climbing to their highest level this week since June. Learn more at afxants/ #forex #fx #money #globalmarket #metals #commodities #marketreview
Posted on: Fri, 08 Nov 2013 07:46:17 +0000
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