Financial Trading Review – 10 November 2011 (Market Trading Review #11)

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Forex Trading Review
At 0400 BST now, the GBP is trading marginally privileged next to the USD by the side of $1.5916, marginally subordinate next to the EUR by the side of €1.1761, and marginally privileged next to the JPY by the side of ¥123.76.
The EUR is trading 0.1% privileged next to the USD by the side of $1.3533.
The EUR / JPY is trading marginally privileged by the side of ¥105.23.
The EUR is trading privileged next to the USD and the JPY, further on of Italy’s transaction of €5 billion one-year bills now.
Yesterday, the USD congested privileged next to the EUR, amid fears with the aim of Italy and Greece would struggle to form strong governments vital to realize austerity measures.
The AUD ended subordinate next to the JPY and the USD, amid speculation with the aim of Australian unemployment rate would illustrate a get out of bed in October.

Commodities Trading Review
Featuring in Asia, crude lubricate meant for December method is trading 0.3% or $0.24 subordinate by the side of $95.50 apiece barrel.
Yesterday, crude lubricate meant for December method declined 1.1% or $1.10 to put a stop to by the side of $95.74 apiece barrel, amid reservations completed demand prospects, when Italian bond yields reached 7.0%.
Gold meant for immediate method is trading 0.6% subordinate now, by the side of $1,761.39 apiece ounce.
Gold meant for December method fell 0.4% or $7.60 to settle by the side of $1,791.60 apiece ounce yesteryear. This came as the cash rose next to the major currencies, decreasing the demand meant for the precious metal as a enclose next to inflation.
Gold traded subordinate as investors took benefit of fresh gains and preferred to manuscript profits.

UK Trading Review
UK markets dropped sharply yesteryear, as a course in Italian borrowing cost over 7.0% raised concerns in the region of deterioration of the European debt disaster.
Auto insurer, Admiral Group, the top laggard on the FTSE 100 manifestation, plummeted 25.6%, when its individual injury claims rose over historic levels, leading the company to subordinate its dividend guidance meant for the current time.
Among banking stocks, HSBC declined 5.8%, when its third-quarter pre-tax profit dropped sharply and as it forecast a dark outlook.
Business process outsourcer, Capita Group lost 5.0%, when it unsuccessful to bag a £1.4 billion pension contract.
Tate & Lyle slipped 2.3%, when Investec downgraded the cattle to “Sell” from “Hold”.
Tullow Oil lost 5.3%, as it lowered its full-year production target meant for 2011.
Kesa Electricals fell 2.8%, when it announced with the aim of it would forfeit £50 million to exit its Comet fasten together in the UK.
FTSE 100 floppy 1.9% to 5,460.4. FTSE 250 fell 1.4% to 10,268.9.

European Trading Review
European markets ended sharply subordinate yesteryear, led by losses in economic sector stocks, as Italian bonds floppy, driving up yields to chronicle highs.
Banking stocks, Alpha Bank, Dexia and Intesa Sanpaolo, plummeted involving 4.3% and 11.0%, as hazard aversion increased amongst investors.
Broadcaster, Mediaset, tumbled 12.0%, when Silvio Berlusconi, its scheming shareholder, announced diplomacy to resign as Italy’s Prime Minister.
Industrial sector cattle, Legrand, sank 4.3%, when KKR and Wendel sold their 24.3 million shares in company.
Henkel dropped 4.5%, when its third-quarter dividend fell midstream of marketplace expectations.
HeidelbergCement declined 3.8%, when its peer Holcim reported a fall in third-quarter profit.
FTSEurofirst 300 manifestation declined 1.8% to 966.2. German DAX Xetra 30 fell 2.2% to 5,829.5. French CAC-40 dropped 2.2% to 3,075.2.

US Trading Review
US markets plunged sharply on Wednesday, as a spike in Italian bond yields raised concerns in the region of Eurozone’s debt disaster.
JPMorgan trail lost 7.1% and emerged as the top loser on the DJIA manifestation, while Bank of America, Goldman Sachs, Citigroup and Morgan Stanley floppy involving 5.7% and 9.0%, amid increasing concerns of a contagion.
Adobe plunged 7.7%, as it firm to slash 750 jobs, as a part of its restructuring syllabus.
Among equipment stocks, Computer Sciences, the top loser on the S&P 500 manifestation, plummeted 15.4%, as it swung to a second-quarter loss.
Retailer, Macy’s lost 5.3%, when it lowered its guidance meant for the current quarter.
General Motors tumbled 11.0%, when it recorded a subordinate third-quarter profit, amid losses in Europe and untaken a disappointing outlook.
DJIA floppy 3.2% to close by the side of 11,780.9. NASDAQ tumbled 3.9% to settle by the side of 2,621.7. S&P 500 plunged 3.7% to put a stop to by the side of 1,229.1.


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