Daily Remarkable news - December 16, 2013 (sources: collection)

MARKET WAITING FOMC meeting results

This week there is not much statistical significance of the U.S. economy published . The market's attention focused on the results of the last policy meeting of this year 's Open Market Committee Federal ( FOMC ) - the Fed's policymaking takes place on Tuesday and Wednesday this week . The recent market performance shows that the Fed has the ability to cut program of quantitative easing at this meeting . November job growth was much higher than expected and the unemployment rate fell to 7 % showed the U.S. economy is recovering strongly . In addition, policy makers in the U.S. Congress has reached agreement fiscal year budget for 2014 and 2015 to prevent a government shut down again early next year .

However, most observers still hope the Fed will cut the packet delay QE until early next year for a few reasons . First, they want to make sure the growth is sustainable and not temporary . Second, inflation is still running at 1.1 % , lower than the 2 % target that the agency put out . Third, this is the end of the year and is also the end of Bernanke 's term president .

GOLD PRICE THIS WEEK : Depends on Fed

World gold prices rebounded 1 % in the last session of the week thanks to cheap hunting after two days of decline . However , analysts said the market remains vulnerable ahead of the crucial policy meeting the Fed's happening this week.

In opinion polls expert predicted gold prices this week by website Kitco News precious metals performed with 8/23 feedback predicted price increase , 9 reviews forecasted prices fell , and 6 the opinion that prices will move sideways. Participation in the weekly poll is gold trading companies , investment banks , commodity traders futures , fund managers and analysts technical charts .

Analysts expressed in the comments wondering gold prices this week by the direction of the price of the precious metal in the final months of 2013 is heavily dependent on the outcome of the Fed meeting . Although the agency expects to delay cuts quantitative easing program , many observers still believe that gold prices will remain under pressure when the agency determined reduction plan in January next year .

Daily Remarkable news - December 13, 2013 (sources: collection)

According to the U.S. Commerce Department , retail sales in November rose 0.7 % , higher than the forecast of 0.6 % and is the highest level in 5 months. Meanwhile , the proportion of votes in favor and 332 votes against 94 , the U.S. House easily passed the budget agreement for fiscal year 2014 and two in 2015 . The next step , should get the bill approved by the Senate would not have predicted obstacle . USD yesterday continued to appreciate against most major currencies as retail sales in November rose sharply along with the lawmakers have reached an agreement on the budget increase speculation about the possibility of the Fed will soon implement measures to reduce speed stimulus program .

Retail sales in U.S. rose to the highest level 5 MONTHS


AUD fell sharply after central bank Governor Glenn Stevens in all Australian respondents reiterated his view that the currency of Australia needs more discounts to boost economic growth . Mr Stevens also said , in his opinion , is a reasonable threshold of 0.85 billion AUD / USD .

Dollar to its highest level in more than 5 years compared with JPY as the difference between the yield on U.S. Treasuries and Japanese government bonds expanded the most since April 2011 . In his interview with the Financial Times yesterday , the Governor of the Central Bank of Japan ( BOJ ) Haruhiko Kuroda said the BOJ will continue to implement economic stimulus package until stable inflation at 2% and will boost pump more money into the economy if inflation slows. The USD / JPY is expected to touch 105 levels in the near future.

World gold prices plummeted STRONG

World gold prices fell sharply in trading yesterday as U.S. economic statistics published positive than expected and it passed the House budget agreement , to prevent the risk of the U.S. government to close again market early next year that increased expectations about the possibility the Fed will soon cut QE3 quantitative easing .

End of session 12/12 , the world gold price down 26 cents or 2.1 % to $ 1.226 / ounce . Thus, in two sessions 11-12/12 days , gold prices have fallen about 37 USD / ounce . Currently gold is near the lowest level in 5 months on set last week .

In trading yesterday , the investment trust world's largest gold SPDR Gold Trust added 6 tons of gold net sales , decreased levels of 827.6 tonnes hold . In two recent decline in the price of gold , the SPDR Gold Trust, the net sales total of 8.1 tonnes of gold . From this year , the fund has sold more than 500 tonnes of gold , bringing the lowest hold down nearly 5 years .

Gold trading strategies of some trusted institutions - December 13, 2013

Gold dropped to 1235.50 U.S. session open after U.S. lawmakers reach budget deal is seen as the primary signal for the gradual withdrawal of Fed QE .

Forex Yard - Gold Trading Strategy Day 13/12 Pivot : 1250 Key Strategy : Sell below 1250 target for the 1212-1197 Secondary strategy : If break on 1250 targets for 1268 -1279 Comment : The RSI signals are reduced and also reduced the expected depth . The level of technical support Resistance : 1279 - 1268 -1250 Current Price : 1226.58 Support levels: 1212 - 1197 - 1180

ScotiaMocatta - Identify trend gold price date 13/12

Gold dropped to 1235.50 U.S. session open after U.S. lawmakers reach budget deal is seen as the primary signal for the gradual withdrawal of Fed QE .

The metal is gradually closing high sums up the day at 1237.50 before falling to its lowest level during the day at 1225.50 due to data of U.S. retail sales surged amid stronger greenback also despite rising unemployment . After all , this metal adjustment in the afternoon and ended in 1226 .

Thus, gold has closed the 2nd day in a row in 1226 . Motivation downward trend which had formed since early September has turned out , creating more pressure in the short term . Resistance at 1277 , according to the Fibo 61.8 % rise in July to August . Support is located at the most recent low in 1210 .

Daily Remarkable news - December 12, 2013 (sources: collection)

Congress reached agreement BUDGET The policy makers of both Republicans and Democrats have reached an agreement on the budget . The draft budget if the government is bicameral U.S. Congress ends a stalemate over extending the negotiations and stop the risk of a government shut down again on 01/15/2014 and pause the fight budget . However, this positive information reinforces the earlier decision to cut the program to buy bonds worth $ 85 billion / month on the following week's meeting of the U.S. Federal Reserve ( Fed ) after the data positive economic data have been published previously , particularly labor data published Friday .

USD Index, measuring the strength of the dollar rose for the first time after 5 consecutive days before it fell . Meanwhile, the yen rose against most major currencies as global stocks plunged sharply cut by Fed QE fears , increasing demand for haven assets .

GOLD PRICE REDUCED AFTER 3 consecutive days

Gold prices retreated back in session yesterday when MPs of the two parties in the U.S. Congress reached an agreement for funding the government after 1.15.2014 , the government blocked risk closure again . Fiscal instability was resolved to increase the expected Fed cuts soon quantitative easing program at its meeting next week . End of session 11/12 , world gold prices fell 10 USD to USD 1,251.80 / ounce .

The market's attention remains focused on the Fed's policy meeting held on to 17-18/12 . The prosperity of the labor market increases the agency expects to cut stimulus at the last meeting of the year . However, some analysts said the market has become less sensitive to speculation about the timing and pace of Fed QE package reduced and the price of gold can be volatile sideways in the remaining time of year when investors become more cautious , especially at the end of this year .

Gold trading strategies of some trusted institutions - December 12, 2013

Gold opened the U.S. session last night dropped to 1257.25 , then progress to the highest level in 1264 due to the short-selling ( buying drum fill ) while the euro remained near its highest level against the dollar 6 weeks . KITCO - Gold Trading Strategy Day 12/12 Get up to 24 hours of trend : Reduce the Asian session Increase of Europe Reduce slightly early U.S. session The trading range expected : 1240-1260

Trading strategy :

Sell ​​below 1260 , Stop loss in 1265 , 1245 and 1240 objectives .

Forex Yard - Gold Trading Strategy Day 12/12

The level of technical support

Resistance : 1305 - 1294 - 1279

Current Price : 1254.08

Support levels: 1242 - 1226 - 1212

Pivot : 1242

The main strategy

Buy the 1242 targets for 1279-1294

Secondary strategy : If price break below the 1242 target of 1226-1212

Verdict : Despite adjustments may continue but will be within the limits .

ScotiaMocatta - Identify trend gold price date 12/12

Gold opened the U.S. session last night dropped to 1257.25 , then progress to the highest level in 1264 due to the short-selling ( buying drum fill ) while the euro remained near its highest level against the dollar 6 weeks . And then the price fell to its lowest level during the day at 1256.50 after temporary budget agreement in the U.S., this supports the expectation of a gradual withdrawal bond purchase program by the Fed . Finally , the metal closed at 1257 level .

Gold closed down 3 points after day continuous increase , going from the lowest level to the highest level in 1268 1210 . While prices on the daily chart trend is still down from its highest level in August ( 1433 ) , the negative signal has weakened to a point where we have moved from the capital to passing trend the other day . Negative trend indicator Negative Directional Movement is now at 20 , down from the high 34 most recently . Resistance is located at 1277 , with gains of 61.8 % by July and August . Support is the recent lows at 1210 .