Daily Remarkable news - December 30, 2013 (sources: collection)

EUR / USD highs least 2 years

Common European currency rose to its highest level in the last 2 years against the dollar in the session 27/12 after speaking of the Central Bank of Germany and executive board member of the European Central Bank Jens Weidmann . Mr. Weidmann said that low inflation is not a reason to loosen monetary policy to keep interest rates low and can cause risks for political reform . EUR / USD rose close range 1:39 , the highest level in the last 2 years . However, the euro fell sharply quickly back then . Experts said that the market has over- reaction to his speech Weidmann .

In an interview on Monday 7 (28 /12) , ECB President Mario Draghi said that despite the crisis in the single currency area in Europe has not ended , but there are positive signs , including the recovery economic recovery in some countries , the trade imbalance has been reduced and the budget deficit has narrowed .

When asked about the issue at cut rates even lower after ECB reduced the base rate to 0:25 % in November , Mr Draghi said : " At this point , we see no need to do that. And we are not worried about deflation . "

GOLD PRICE THIS WEEK : OFFICE ENCLOSED WITH MOLD $ 1.200 / ounce ?

The world gold price increased slightly in the last session of the week from the force supported by physical buying from Asia . According to some analysts , the price of gold will move in a wide range in the next few days and still have the support of the demand in Asian markets , when consumers buy gold ahead of Chinese New Year in late January January .

In the survey of expert opinion on gold price forecast this week by the website Kitco News precious metals performed with 10/17 price forecast rose opinions , comments forecasts 5 discount , and 2 comments valuation sideways. Participation in the weekly poll gold trading companies , investment banks , trading houses and commodity futures expert technical analysis chart .

According to gold traders , the majority of the activities in the international gold market this week , especially before the end of 2013 , will be the profit taking , closing the books of investors . In particular , the buying activity to close the state 's short-selling investors will likely dominate, created to support the gold price . Recently, gold has been strong because short sales tend to decrease continuously .

Mr. Sterling Smith , an expert in commodity futures markets of Citi's Institutional Client Group , said that gold price movements this week will depend on the ability to keep the gold price has been $ 1.200 mold / ounce or not . As long as the gold market maintained a 1,200 USD / ounce , gold is likely to have momentum . But if gold prices fall below 1.200 USD / ounce , the market will sell more than buy .