US markets traded choppy but closed slightly lower. Data was mixed and volume appeared to be low ahead of the Thanksgiving Holidays tomorrow. Despite indexes ending slightly lower, they still remained at all-time highs.

Asian markets were mixed across the region. The Nikkei dropped 0.14% as the Dollar weakened slightly against the Yen.

European markets are higher today as the Vice President of the ECB, Vitor Constancio, stated that the bank is prepared to buy bonds as soon as 2015. In addition to this, Jean Claude Junker, President of the European Commission presented a 5 year plan for public investment throughout the European Union.

Oil dropped sharply and has reached a new four year low of 73.8. Losses were seen after the API reported that weekly crude stock climbed 2.8 million barrel over the past week. Traders are also cautious ahead of OPEC’s meeting tomorrow and are eager to see if they cut production. If output is cut, we could see the price climb back up.

Gold is trading choppy around $1,197/ounce. The market is awaiting Sunday’s Swiss referendum to see if reserves will be increased from 8% to 20%. The Dollar remains high as data has been consistently strong and this should push the price down. However, talk of increased stimulus is also present from Japan, China and Europe. Traders should remain focused on US data as it could spark short term volatility.

 

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US stocks climbed higher and closed at record levels once again. Gains came after Mario Draghi, the President of the European Central Bank, spoke during a press conference and reaffirmed that they are prepared to inject stimulus as soon as needed. U.S. data releases also boosted sentiment.

Asian markets were mixed. Gains were seen as the Dollar climbed higher against the yen and reached a high of ¥115.5.

European markets are higher today as traders await the NFP release. Although the figure is forecast to be lower than last month, positive data is now expected as data throughout the week has been consistently strong.

Oil declined after OPEC predicted that demand may fall to a 14 year low in 2017. Then price is now climbing ahead of the NFP release as traders are expecting positive results. Increased labor should lead to greater demand for oil. Gold is trading around a 4 year low as the Dollar continues to rally. Physical demand has not yet picked up and so we can see that traders believe the price will continue to drop.

 

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US stocks climbed and reached new levels once again. Markets were boosted by data and political events.

Asian markets turned lower today. The Nikkei first gained as the Dollar rallied to a 7 year high against the Yen, reaching a high of ¥115.5

European markets are mixed today as traders turned hesitant ahead of the ECB interest rate decision and press conference. Analysts do not expect any changes to be introduced.

Oil stopped declining. The EIA reported that oil only increased by 460,000 barrels, much lower than the expected growth of 1,900,000 barrels. Sentiment was also higher due to midterm elections, positive data and better than expected corporate earnings.

Gold is trading around a 4 year low around $1,144.7. The metal broke through its support level yesterday as the Dollar soared. Analysts believe that the price could now drop to $1000/ounce as the safe haven appeal has worn off as the economic outlook for the U.S continues to improve. The price could now begin to range ahead of tomorrow’s Nonfarm Payroll report.

 

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US markets finished mixed as falling oil prices continued to affect energy shares. Sentiment was also lower after the European Commission cut their forecast for global growth to 0.8%, down from 1.2%.

Asian markets finished mixed. The Nikkei continued to climb, adding another 0.44% as the Yen weakened further against the Dollar.

European markets are higher today, rebounding from yesterday’s losses. Gains follow positive earnings releases from companies such a Marks and Spencers.

Oil fell to its lowest price since October 2011. The drop came after Saudi Arabia cut its prices for exports to the U.S by $0.45/barrel. The decision came after exports from the country dropped to a 4 year low. The market seems to be over supplied and demand is on the downside and the stronger Dollar is also impacting prices.

Gold has tumbled to a 4 year low. The Dollar is climbing even higher ahead of midterm elections. Speculation is also high that the Federal Reserve could raise interest rates sooner than expected.

 

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US stocks finished lower after a choppy session while Asian markets were mixed today. European markets are mixed today after the European Commission cut their 2014 growth forecast for the Eurozone.

Oil continues to drop and is currently trading at a 3 year low. The drop came after Saudi Arabia cut its prices for exports to the US by $0.45/barrel. The decision came after exports from the country dropped to a 4 year low. The market seems to be over supplied and demand is on the downside and the stronger Dollar is also impacting prices.

Gold is ranging around a 4 year low. The metals safe haven appeal has subsided as data from the US has shown an improving outlook and boosted speculation that the Fed could raise interest rates sooner. As the Dollar reaches new highs and data continues to be positive the outlook for Gold looks bleak. However, in the short term physical demand could increase as the price is so low.

 

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US stocks climbed further on Friday, closing at record levels. Markets benefitted from a decision by the Bank of Japan to extend monetary stimulus by another ¥10 billion to ¥80 Billion per year.

Asian markets were mixed today with the Nikkei remaining closed for a holiday, while European markets were lower today after weak data.

Oil is under pressure due to the stronger Dollar and weak Chinese data. China is the second biggest consumer of oil and lower data could lead to lower demand. The price is inching higher today as traders take advantage of the low price.

Gold is trading around its lowest price since 2010. Commodity prices are under pressure after Oil reached such a surprising low and investors are hesitant to trade in such a risky market.

 

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