Trading Daily Outlook – Nov 12 2012 – 3:00 am – SimplyTrader.Biz/daily

12 November 2012
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Your Trading Daily Outlook – Nov 12 2012 – 3:00 am (UTC) – at http://SimplyTrader.Biz/daily !
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Perfect for both beginners and professionals in FOREX trading, this daily video gives you in one place: Currency trends, Currency rates, Pairs analysis (EUR/USD, GBP/USD, AUD/USD, EUR/GBP, USD/CAD, USD/JPY ), Flash market news, Flash market video news and tips.. and even more …

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Today’s Video Flash News: The outlook remains unclear!
Go to http://SimplyTrader.Biz/daily to see the full video.

Today’s Outlook – http://SimplyTrader.Biz/news : US Stocks Collapse on ‘Fiscal Cliff’ fears
U.S. Dollar Trading (USD) a short-lived rally after Obama secured his second term as US President was dramatically reversed during the US session. The Dow Jones fell 300 points from highs and saw the Dollar gain across the board on safe haven demand. The main cause was the immediate focus of investors on the looming US Fiscal Cliff crisis. Looking ahead, Weekly Jobless Claims forecast at 370k vs. 367k previously. Also ahead, October Trade Balance forecast at -45bn vs. 44.2 previously. The Euro (EUR) an initial rally to 1.2880 on the back of Obama’s victory and perceived continuation of the same FED policy…

Weekly’s Outlook – http://SimplyTrader.Biz/weeklynews : US Nonfarm Payroll ahead of US Elections
The EUR/USD back under 1.3000 last week with some profit taking and consolidation the main game. The 1.3100-1.2900 range has held for some time with investors buying on Spanish OMT access and selling while no formal application has been made. There is a chance that Spain will not request aid this year but the fundamentals are so poor it seems just a matter of time until the market forces Spain to act. The other major story is Greece Aid which could be released as soon as next week if the Trioka (IMF/ECB) report positively on Austerity reforms. USD/JPY broke above Y80 briefly last week but finished surprisingly weak on Friday falling back to Y79.50 even as US GDP beat expectations at 2.0% vs. 1.9% q/y. The BOJ meet today and Tuesday and are expected to announce major new loose monetary policies to weaken the Yen and boost Japanese exports and Inflation. EUR/JPY is a key cross but struggled last week to hold gains above Y104 and we closed on a weak footing near the Y103 level…

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