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Spreadex Market Update

Tuesday, November 26, 2013 - Morning Market Update
Alex Conroy

Asian bourses showed mixed results

Asian bourses showed mixed results last night after a stronger Yen drove the Nikkei down with exporters taking a hit.   The BoJ board’s minute meetings were released yesterday highlighting revealing tensions and difficulties in meeting the 2% inflation target, undoubtedly the main goal of the BoJ’s QE policy undertaken since April.  The tensions revealed in the minutes are raising further questions about Abenomics who’s aggressive easing policy already has investors split.  The MSCI Asia pacific added a further 0.1% last night taking the total rise to over 9.6% for the year mainly driven by speculation on the Fed’s tapering policy.


Gold is making headlines again this morning with the daily meeting of the 5 banks to set the price of gold coming under scrutiny.  The CFA are looking into the process and the possibility that traders involved in the pricing process have an unfair advantage due to their unique position and that the trickle down process for gold information is an obstacle to fair trading.  After a month of declines and Goldman Sach’s forecasting another large price decline in 2014 this could signal further downward trading for Gold.

The Trading Day and Week Ahead

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If you are unsure what different Economic Figures mean take a look at our Economic Indicators Explained guide.

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