Commodities
and Forex Fundamental Analysis: Nov 16th 2012 by MBCFX
- Gold has recorded a significant decline on today’s trading sessions due to worries concerning The U.S. Fiscal Cliff and the Euro zone recession.
- Crude Oil falls due to worries over US slowing economy and the rising tensions in The Middle East that could affect the supply.
·
The Australian dollar dropped after the Reserve
Bank of Australia
increased its currency sales.
- The Japanese yen remained weak today on speculations that the coming elections will bring new leadership for Japan, resulting an additional stimulating measures from the nation’s central bank.
- U.S. stock futures decline today, as investors remained cautious ahead of talks between U.S. President Barack Obama and Republican lawmakers about resolving the "fiscal cliff.