Financial Trading Review – 09 November 2011 (Market Trading Review #10)

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Forex Trading Review
At 0400 BST in our day, the GBP is trading marginally advanced counter to the USD by the side of $1.6102, marginally worse counter to the EUR by the side of €1.1640, and 0.2% worse counter to the JPY by the side of ¥124.91.
The EUR is trading 0.1% advanced counter to the USD by the side of $1.3832.
The EUR is trading 0.1% worse counter to the JPY by the side of ¥107.31.
The JPY is trading advanced counter to all of its major peers, amid easing concerns with the intention of the Bank of Japan would play to weaken the Yen.
The AUD is trading worse counter to the USD and the JPY, amid speculation with the intention of Australian unemployment might cabaret a get up in October.
Yesterday, the USD clogged worse counter to the EUR. This came amid news with the intention of the Italian Prime Minister Berlusconi would resign previously austerity measures time-honored Parliamentary money, easing investors’ concerns with reference to the independent debt catastrophe.
The CAD clogged advanced counter to the USD, following higher-than-expected Canadian housing starts, and later than the Italian Prime Minister Silvio Berlusconi agreed to resign.

Commodities Trading Review
Happening Asia, crude smear with oil in support of December manner is trading 0.1% or $0.12 advanced by the side of $96.92 for every barrel.
Yesterday, crude smear with oil in support of December manner well along 1.3% or $1.28 to settle by the side of $96.80 for every barrel, later than crude inventories by the side of Cushing, Oklahoma, fell 4.4% in the elementary three days of the month. The advance furthermore came later than OPEC and EIA forecasted stronger growth in comprehensive crude smear with oil demand.
Crude smear with oil was supported by a fall in the cash counter to the euro.
Gold in support of immediate manner is trading 0.1% advanced in our day, by the side of $1,791.59 for every ounce.
Gold in support of December manner rose 0.5% or $8.10 to tip by the side of $1,799.20 for every ounce the recent past. This came as the cash undermined counter to the major currencies, increasing the demand in support of the precious metal as a get around counter to inflation.
Gains were narrow in support of gold amid up Germany’s exports data and a get up in justice markets.

UK Trading Review
UK markets clogged advanced the recent past, as a flurry of upbeat corporate return lifted promote sentiment, and amid speculation with the intention of Italian Prime Minister would resign shortly.
Vodafone rose 1.8%, following robust return forecast. Lloyds Banking Group, the top riser on the FTSE 100 catalog, surged 4.4%, later than reorganization better-than-expected consolidated results.
Among nest egg managers, Ashmore and Hargreaves Lansdown added 2.2% and 2.9%, correspondingly, following a loose change in promote sentiment.
Operate Group rose 3.1%, later than HSBC reiterated its “Overweight” rating on the provide.
Property stocks, Land Securities and British Land well along 2.1% and 3.9%, correspondingly, following a better-than-expected trading keep posted from their peer, Segro.
Mining shares, Rio Tinto, Anglo American and Vedanta Resources well along relating 1.5% and 2.5%, tracking a get up in immoral metal prices.
FTSE 100 well along 1.0% to 5,567.3. FTSE 250 rose 1.1% to 10,419.3.

European Trading Review
European markets clogged advanced the recent past, as Italian Prime Minister Silvio Berlusconi won a parliamentary take part in an election on the plan, and later than Germany’s exports rose unexpectedly. However, gains were restricted, as the Italian Prime Minister lost his majority in the worse take in of Parliament.
Financial sector stocks, National Bank of Greece, AXA and Intesa Sanpaolo, rallied relating 2.1% and 12.0%, as probability need to eat increased amid investors.
Among other banking stocks, Societe Generale, soared 7.3%, later than the company announced to scrap 2011 dividend to strengthen its first city.
Intesa Sanpaolo rose 3.5%, later than its third-quarter return surpassed promote expectations.
FTSEurofirst 300 catalog added 0.9% or 9.1 points to 983.8. German DAX Xetra 30 well along 0.6% or 32.8 points to tip by the side of 5,961.4. French CAC-40 rose 1.3% or 39.7 points to settle by the side of 3,143.3.

US Trading Review
US markets rallied the recent past, amid reports with the intention of Italian Prime Minister, Silvio Berlusconi has accessible to resign, later than the Italian Parliament official the austerity package obligatory by the European Union.
Online travel company, Priceline.Com, the top gainer on the S&P 500 catalog, surged 8.6%, later than its third-quarter return more than doubled, led by a pour in bookings.
Real estate developer, Toll Brothers gained 7.4%, later than reorganization robust fourth-quarter results.
DryShips well along 9.9%, later than its third-quarter return surpassed promote estimates.
Video game maker, Activision Blizzard rose 1.4%, following an upbeat arrive on its additional game releases.
Among economic stocks, Wells Fargo climbed 4.4%, later than settling a long official row.
Bank of America, JPMorgan and Citigroup added relating 1.2% and 2.9%, amid optimism more than a loose change in leadership in Italy.
DJIA rose 0.8% to close by the side of 12,170.2. NASDAQ gained 1.2% to settle by the side of 2,727.5. S&P 500 surged 1.2% to tip by the side of 1,275.9.

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