THE TRADER'S JOURNAL

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Last updateFri, 22 Nov 2013 4am

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Australian Futures Rise While Yen Holds Gains; Oil Slips

Australian index futures rose before services data from China to the U.K. and U.S., while contracts on Japan’s Nikkei 225 Stock Average retreated amid a stronger yen. Crude oil fell for the fourth time in five days.

Crude Climbs on Stockpiles as Copper Gains; Kiwi Weakens

Crude oil snapped a four-day decline on speculation U.S. stockpiles fell last week, while copper rebounded. Asian stocks slipped a second day as the New Zealand dollar and South Korean won retreated.

Gold Bears Continue Growling

Yesterday the gold price fell once again, although a better than expected HSBC PMI report from China helped to support prices.

Both the gold and silver price found little support in comments from Fed President William Dudley who said the US economy was too weak for tapering at this time. Attention will now be turned towards the US GDP data released later this week.