Nov 11


  • BY: Donal Kelly
  • November, 11th, 2015 18:45 +00:00

Good evening,

EurUsd is trading unchanged after it tried to rally but it retraced all its intraday gains. The rate now is at 1.0782, and UsdJpy is losing 22 pips at 122.93 (-0.19%) but its long term bullish trend is still valid.

Precious metals are losing ground again, with Silver down for the 10 consecutive session. The commodity is trading at 14.29 $/oz (-0.87%). Gold is trading at 1,085.44 (-0.32%). Crude Oil inventories will be released tomorrow at 16:00 GMT and today Crude is diving with a loss of 1.4$ at  42.81 $/barrel (-3.17%).

US indices are fluctuating around the opening, probably developing value area that consolidates their positions above the most relevant moving averages. The Aussie dollar will be quite volatile during the release of the Australian Unemployment Rate data (00:30 GMT), with traders ready to formulate their next hypothesis regarding the next RBA rate move, in light also of the recent actions of the most relevant importer of Australian goods, China.

(18:56 GMT)