Data/Event Risks ALL: Very low risk today from scheduled events and data. Idea of the Day Gold has been lower for the past two weeks, having previously failed to break above the $1,800 level early in the month and not for the first time this year (also failed sustained break in late 2011). Whilst some may still think the fundamentals are strong, with the main central banks still undertaking quantitative easing of some sort, the charts tell a different story. Momentum indicators (RSI) have been waning recently, with the Aug.-Sept. up-trend broken on a sustained basis. On the fundamentals, it would take a significant turn-around in the dollar to allow gold to make new record highs before the year is out, but this is looking unlikely, with the ‘fiscal cliff’ concerns not having come to fruition. It’s not impossible to imagine gold ending 2012 lower overall. Latest FX News JPY: The yen has weakened vs. the dollar for the past seven consecutive sessions and is once again softer today. Trade data was broadly in line with expectations, but exports falling 10% on the year. Latest BoJ report has cut assessment of 8 out of 9 regions in latest quarterly report. EUR: Decent results in regional elections for the Spanish prime minister, his PP winning 41 of the 75 seats in the Galician assembly. Marginally euro-positive given reduction in political instability. AUD: Government mid-year review on the budget cut health-care spending and made other cut-backs with the aim of securing budget surplus next year. AUD-positive. GBP: There were weekend marches against austerity with coalition government having a tougher time of late. Not yet GBP-negative, but worth keeping a close eye on. FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Forex News Today: Daily Trading News share Read Next EUR/USD Oct. 22 – Edging Upwards After Spanish Regional Kenny Fisher 10 years Data/Event Risks ALL: Very low risk today from scheduled events and data. Idea of the Day Gold has been lower for the past two weeks, having previously failed to break above the $1,800 level early in the month and not for the first time this year (also failed sustained break in late 2011). Whilst some may still think the fundamentals are strong, with the main central banks still undertaking quantitative easing of some sort, the charts tell a different story. Momentum indicators (RSI) have been waning recently, with the Aug.-Sept. up-trend broken on a sustained basis. On the fundamentals,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.