UFXMarkets -Daily Gold & Forex Trading News-23-November-2011
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- For more Forex news & info, please visit http://ufx.co/UFXM-youtube... The Dollar advanced against the major currencies on demand for safety despite the US GDP which came out at 2.0%, worse than analysts' expectation of 2.4%, a sign that the Federal Reserve may provide more stimulus. In addition, Federal Reserve policy makers said the central bank should consider easing policy further, according to the minutes of their November 1st and 2nd meeting. Wall Street closed negative as the NASDAQ decreased by 0.07% and the Dow Jones by 0.46%. Crude oil fell by 0.40% for the fourth day in a row, closing at $96.80 a barrel. Gold (XAU) increased by 1.40%, finishing at $1702 an ounce. Today, Unemployment Claims are expected at 389K vs. 388K last week. Core Durable Goods Orders are expected to weaken from 1.8% to 0.1%, and Personal Spending is expected to decline from 0.6% to 0.4.
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