Daily Remarkable news 1/8/2014 (sources: collection)

TRADE DEFICIT DOWN MY LEAST 4 YEARS

Dollar rose against most major currencies during yesterday's trading session when the U.S. trade deficit fell to its lowest level in 4 years thanks to record exports increase . Report of the U.S. Commerce Department yesterday said the country's trade deficit this month 11/2013 down from USD 39.3 billion in October to 34.3 billion , lower than the median forecast of 40.2 billion and is the lowest since from January 11/2009 . Today will publish the minutes of the Fed policy meeting 17-18/12 last day of this agency . At the meeting , the Fed decided to cut -scale quantitative easing program from $ 85 billion per month to $ 75 billion with 9 votes in favor and 1 opposed opinions .

At a press conference shortly afterwards , Fed Chairman Ben Bernanke expects asset purchase program would be reduced to $ 10 billion at the end of the Fed's next meeting . However this is only his own judgment Bernanke , who will resign after on 31/ 1 to . Consequently , the Fed's meeting minutes will be investors to monitor more closely the views of the other members of the FOMC QE package of cuts in the future .

If most of the FOMC members concurred with the view to continue with QE3 cut at a regular rate , USD will be strongly supported . However, if the Fed members expressed hesitation and the subsequent decision of the agency is dependent on economic developments , the greenback will be under pressure to reduce prices .

Euro Area Inflation fell back

Impressive data on retail sales and German labor markets yesterday announced not much support for euro area inflation of the single currency fell back to near the lowest level in 4 years .

Reports yesterday showed German retail sales for the month of 11/2013 increased 1.5 % compared to the same period last year , higher than the forecast of 0.5 % . The number of unemployed fell 15,000 in November compared with a forecast increase of 9,000 analysts .

However, data from the European statistics agency announced yesterday showed inflation 12/ 2013 euro region declined from 0.9 % to 0.8 % , lower than expected and close to the lowest level in 4 years.

Last November , the European Central Bank ( ECB ) decided to cut the base rate from 0.5 % to 0:25 % in October after inflation of the euro fell sharply from 1.1 % to 0.7 % , the lowest since since 2009 .

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 prolonged low inflation will cause the ECB to consider further easing in monetary policy at its meeting tomorrow .

GOLD PRICE REDUCTION UNDER PRESSURE strengthening of USD

Gold prices retreated in trading yesterday as a stronger dollar and the stock market began to rally back . End of session 7/1 , world gold prices fell 7 USD to 1.231 USD / ounce .

Gold under pressure to reduce prices when economic statistics yesterday showed more pronounced recovery in the U.S. economy increased expectations the Fed will continue to cut back stimulus at its meeting later this month . Global stock market rebound that also reduces the attractiveness of gold in the eyes of investors .

Currently investors are concentrating tracking of Fed meeting minutes released on Wednesday and non-farm payrolls was introduced in the 6th . The shrinking QE3 , as well as the positive recovery of the U.S. economy , have adversely affected the prospects for the gold price .