Forex and Gold Daily Report for October 12, 2012

The USD dropped against all majors in Asian session on Friday except GBP. while Gold futures were also higher in Asian trade on Friday.

  • The Australian Dollar was higher against the U.S. Dollar on Friday. The Aussie traded higher against the U.S. dollar since Thursday, despite a U.S. government report revealing initial jobless claims dropping to a greater than four year low last week.
  • The Euro was higher against the U.S. Dollar since Thursday, despite a U.S. government report revealing initial jobless claims dropping to a greater than four year low last week, while hopes that Spain will soon request a bailout also supported demand for the single currency.
  • The pound remained higher against the U.S. dollar on Thursday, as market sentiment was supported by data showing that U.S. initial jobless claims fell to their lowest level since February 2008 last week.
  • The U.S. dollar erased losses against the yen on Thursday, rising to a three-day high as upbeat U.S. jobless data and hopes for an imminent bailout request from Spain lifted market sentiment.
  • Gold futures traded slightly higher during U.S. morning hours on Thursday, coming off the highest level of the session following data showing that U.S. initial jobless claims fell to their lowest level since February 2008 last week.

To download complete report. CLICK: Forex and Gold Daily Report for October 12, 2012

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