FOREXYARD: Forex News Blog

---

Market Review 6.11.12 Posted: 06 Nov 2012 01:21 AM PST The AUD saw substantial gains during overnight trading, after the RBA decided to leave Australian interest rates unchanged at 3.25%. Most analysts were predicting that the rates would be lowered to 3%. The AUD/USD shot up more than 50 pips after the news was released to trade as high as 1.0436. The euro spent most of the night at or near a recent two-month low against the USD, as investors eagerly await a Greek parliamentary vote tomorrow seen as crucial for Athens to receive a new round of bailout funds. The EUR/USD is currently trading at 1.2774. Both crude oil and gold spent most of the night range trading, as investors continued to await the results of today's US presidential and congressional elections before opening positions. Main News for Today UK Manufacturing PMI-09:30 GMT • The British pound has taken significant losses in recent days against the US dollar • If today's manufacturing PMI comes in above the expected 0.3%, the pound could see a modest recovery German Factory Orders- 11:00 GMT • Forecasted to come in at -0.3%, well above last month's -1.3% • Any better than expected data could help the euro recover some of its recent losses against the USD and JPY US Presidential/Congressional Elections- All Day • While the official outcome of the elections likely will not be known until late tonight or tomorrow morning, analysts will be issuing predictions throughout the day which are likely to result in market volatility.

You are subscribed to email updates from Forex Trading Education : Forex Trading Blog by FOREXYARD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610