Easy Forex Daily Forex Report 11-12-2013
December 11, 2013 10:30 amVideo
Latest News
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The EU Morning Report – Sterling trades near its two year high – 10 December 2013
Written by the easy-forex team
Currencies
The US dollar (USD) consolidates around the level of 103 against the Japanese yen (JPY). The greenback strengthened during the past week against the yen and it seems that more data needed from the US in order to pave the ways towards higher highs.
Equities
The US equities advanced even higher yesterday. The US 500 (SPI) continued the increase from Friday after better than expected Non-Farm Payrolls release. The index is now trading near its record high around the level of 1810.
Commodities
Mover & Shaker with FX Options
The British Pound (GBP) made a rally yesterday gaining more than 140 pips against the US dollar (USD) and reached its two year high at 1.6464. The British monthly Manufacturing Production is on the calendar, due at 9:30 GMT. Anything higher than the expected of 0.4% may drive the pair even higher.
Currency strategist at easy-forex
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