Weekly Market Review 5 of November
Last week ended with a strong surprise to the upside after the U.S. Bureau of Labor Statistics revealed that the U.S. economy added 171,000 jobs in October, beating out analysts' calls for a gain of 125,000.

This data has probably given US president Barak Obama a few points in the closely fought U.S. presidential election, the result of which could define a clear direction for broader markets. US President Barack Obama and Republican candidate Mitt Romney were head to head in opinion polls in the final 48 hours before Tuesday's vote.

Moving back to the rest of the world, At the start of the trading week today, Asian market fell as poor economical data out of Asia and as concerns over Europe debt crisis and  in particular in Greece.

China's recovery remained fragile, as a private survey of China's services slipped in October, countering an official report which showed a rebound in the sector.

Indonesia, Southeast Asia's largest economy, grew 6.2% in the third quarter from a year earlier, down from a 6.4% pace in the second quarter.

India, said its services sector grew at the slowest pace in six months during October as weakness in the United States and Europe hurt orders and forced firms to hire fewer workers.

In Athens, the government will present an austerity plan calling for EUR13.5 billion in spending cuts and tax hikes to Parliament on Monday in the face of strikes.

Greece must approve the reforms and pass a new budget to free up some EUR31.5 billion in aid arranged by the International Monetary Fund, the European Commission and the European Central Bank.

Gold futures open today session direction- less after Friday’s selloff as uncertainty over the outcome of Tuesday’s U.S. presidential elections which could also affect the Fed chairman and his decision as well.

The selloff on Friday came after the better than expected US job market data that came at 175,000 new jobs created, well above the 125,000 the market anticipated. This strong numbers resulted in a speculation that the FED may reduce the scale of the previously enounced QE3 follow this numbers.