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FX.co ★ Fundamental Analysis, December 09, 2010

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Forex Analysis:::2010-12-09T13:02:25

Fundamental Analysis, December 09, 2010

Wall Street closed slightly higher yesterday after a session in which they operated with the major indices mixed trend. At the end of the session, the Dow Jones rose 0.1% to 11,372 points, the Nasdaq grew 0.4%, the level of 2,609 units and the S & P 500 advanced 0.4%, taking leave in 1,228 integers.

Asian markets also recorded increases this morning, following the publication of more positive economic data expected in Japan and Australia. In this context, the Tokyo stock market strengthened by 0.4%, Hong Kong increased 0.3%, Seoul down of the 1% and the stock climbed 0.7% Australia.

Japan's economy grew more sharply than estimated by the forecasts of economists. Japanese GDP increased by 4.5% yoy in the fourth quarter, against forecasts of growth of only 3.9%. The Central Bureau of Statistics in Sydney reported overnight that the number of workers in Australia rose during the month of October at 54,600, compared with forecasts for a rise of 20,000 in the number of workers. The unemployment rate in Australia fell to 5.2% versus 5.4% in September.

Oil prices fell 2% yesterday, reaching $ 88.28 a barrel, after given the report's release of oil reserves in the United States. The report showed that crude oil stocks fell 3.8 million barrels, compared to estimates that would fall by 1.2 million barrels. The price of silver fell yesterday in a more emphatic than 5% after that during the last three months the price rose about 50%.

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