DAILY MARKET REVIEW - 23rd November 2013 Forex: EUR was bullish and went up 0.7% to its highest level in more than four years compared to JPY, due to German report release, which showed Europe’s economic growth can be gaining momentum. AUD dropped compared to most of its major peers and 0.6% compared to USD. This turn was caused by speculation that the nation’s central bank may to curb the currency’s strength. JPY fell to its four-month low level compared to USD, because of Bank of Japan Governor Haruhiko Kuroda statement, that he will do his utmost to restrict an increase in long-term yields. USD gained 0.1% compared to JPY. Yesterday GBP went down from a two-week high compared to EUR. Metals and Commodities: Gold were bearish on Fridays session. Silver for December delivery fell 0.36%, while copper for December delivery climbed during Fridays session. Natural gas prices were in an upward movement on Friday, due to weather forecasts showing the posibilities of below-normal temperatures. Crude oil prices fell on Friday, due to Thursdays bullish jobless claims report and sold for profits. Global Markets: The world’s biggest energy consumer, China, will try to manage to introduce crude oil futures trading as early as possible. Treasuries went down, due to speculation of the Federal Reserves policy meeting may set up that the bank trims debt purchases by the end of the year. Learn more at: afxants #money #fx #forex #metals #commodities #globalmarkets #marketreview
Posted on: Sat, 23 Nov 2013 08:31:24 +0000
Trending Topics
Recently Viewed Topics
© 2015