Markets showed pretty much volatility today, particularly during American session. It is quite unusual for Mondays, but as US Manufacturing Index came lowest in four years one should not surprised to see such big market moves as we saw today. So, what happened in which market?
Currencies
You should not be surprised that US dollar was the weakest in Forex market. Poor data always causes currencies to crumble. Commodity currencies such as Australian dollar and New Zealand dollar reigned. European currencies such as Euro and Pound were in the middle.
Commodities
Gold rose, oil went up a little and silver also moved upwards moderately. If mister Bernanke's plan of stimulation turns out to be bad these precious commodities will continue climbing even more in the future.
Stocks
Indexes of stocks went down. No wonder. Economy is cooling, paper money cannot increase growth and if it does the result is temporary at best.
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