Commodities and Forex Fundamental Analysis: Nov 16th 2012 by MBCFX






  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.

·         Euro zone trade balance rises more-than-expected to 11.3B

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