USD continues to maintain the momentum gained against most major currencies in the last session when job growth of the U.S. private sector to its highest level in 13 months shows that the economy 's largest world was recovering well . ADP report yesterday said employers in the U.S. private sector employers added 238,000 jobs during the month 12/2013 , higher than the 199,000 median forecast of analysts and the highest level since January 11/2012 . Data recently published by ADP may be a positive indicator for the employment report aggregate of U.S. Department of Labor announced the country tomorrow , including jobs in government and the private sector . |
MARKET MEETING awaiting the results of the ECB
Today the European Central Bank ( ECB ) will announce the results of monetary policy meetings in the context of the economic recovery is uneven across countries and members of regional inflation to remain low .
Data from the European statistical agency announced on 7/1 shows the month 12/2013 of the euro area fell from 0.9 % to 0.8 % , near the lowest level in the past 4 years .
Although ECB President Mario Draghi said in the recent assertion does not have the risk of deflation in the euro area and no need to cut interest rates further , however low inflation and prolonged recovery many weak economy will cause the ECB to consider further easing in monetary policy at this meeting .
World gold prices continue to fall
Gold prices continued to decline in trading yesterday as positive statistics of the U.S. economy increased expectations the Fed continues to cut quantitative easing program at its meeting later this month . Session ends 8/1 , world gold prices fell nearly 0.5 % to $ 1.225 / ounce .
Currently investors are waiting for the next economic information especially non-farm payroll announcement tomorrow to confirm more about the health of the U.S. economy . Strong recovery of the economy will create the world's largest downward pressure on gold prices .
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