Daily Remarkable news 1/10/2014 (sources: collection)

MARKET WAITING U.S. nonfarm PAYROLL

Investors await non-farm payroll of the U.S. will be announced today . This is important data affect the Fed's decision on QE3 . If non-farm payrolls positive , the Fed will likely cut more QE3 and put an end to the economic stimulus package in 2014. According to the average forecast of analysts , in December last U.S. economy added 196,000 new jobs created , lower than the figure of 203,000 in November , but higher than the average of 188.545 jobs May 11, 2013 . Positive employment data released today by ADP 4th and rising consumer confidence in recent months that many analysts expect job growth of 200,000 Americans will stand on the threshold of the third month in a row , this will be factors strongly support the dollar . In contrast , the greenback will take the pressure off if employment report disappointing .

ECB NO MONETARY POLICY CHANGE

Ends policy meeting yesterday , the European Central Bank ( ECB ) decided to keep interest rates at a record low of 0.25 % . The move is in line with the ECB's previous forecast of analysts .

In the press conference afterwards, ECB president Mario Draghi pledged interest rates will be maintained at current levels or lower in a long time and said the ECB has prepared plans and is ready to act if necessary . EUR has dropped to one -month low against the dollar after Draghi 's remarks .

However, the common European currency has risen again after ECB president said that the monetary policy of the ECB is being made in accordance with the current situation of the region . Observers said that the euro will continue to face downward pressure in the near future as inflation remained low and slow growth of the economy many members .

Also yesterday , the Bank of England ( BOE ) does not change the monetary policy rate unchanged at 0.5 % and maintain the asset purchase program at 375 billion pounds .

August of last year , Governor Mark Carney said the BOE will not raise interest rates until the unemployment rate fell to 7 % . However, the current unemployment rate of 7.4 % in the UK , close to the threshold goals. Even so , most economists expect interest rates will remain the same , at least until the end of 2014 . Most are predicting that the BoE will raise interest rates in 2015.

GOLD PRICE walked ahead of U.S. jobs data

Gold prices fluctuated in a narrow range of trading yesterday as investors awaited U.S. employment report published today to predict the direction of the gold price . Session ends 9/1 , the world gold price increased to U.S. $ 1,227.5 / ounce .

According to analysts , labor market statistics in December U.S. will be an important factor for the Fed's next steps towards easing program , in which the gold price is likely to be volatile in next time .

Many people predicted that U.S. employment figures will continue to rise creating downward pressure on gold . However, the price of this precious metal will be supported if the jobs report disappointed .

Daily Remarkable news 1/9/2014 (sources: collection)

PRIVATE SECTOR JOBS U.S. increase

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 .

Minutes of meetings of the Committee 17-18/12/2013 day Federal Open Market ( FOMC ) were released yesterday showed that the majority of members are evaluating the effectiveness of QE3 weakened when the program is still continue. Fed officials insisted that the cuts stimulate the economy in the future will be done with careful consideration and there are no specific timetable for ending QE package .

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 .

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 .

Daily Remarkable news - january 7, 2014 (sources: collection)

AMERICAN GROWTH SLOW SERVICE IN 12 MONTHS

Report of the Institute of Supply Management ( ISM ) said yesterday , the U.S. non-manufacturing PMI for the month of 12/2013 dropped from 53.9 to 53.0 points , lower than the 54.6 median forecast of the analysts analysis . This is the 48th consecutive month the index stood above 50 points indicates the U.S. service sector continues to expand but the growth rate has slowed . Economic data has just announced that the Fed will have to consider before deciding whether to continue cutting program of quantitative easing at its meeting later this month .

Dollar fell against most major currencies as U.S. data low service expectations . Trend of the greenback this week depends on the Fed meeting minutes released tomorrow and employment data in the 6th .

With a ratio of 56 votes in favor and 26 votes against , Janet Yellen recently received approval from the U.S. Senate to become the 15th Chairman of the Federal Reserve and the first female chairman of the 100 -year history of the central bank this . Her 4-year term Yellen will begin on 01 / 02 after the second term of Chairman Ben Bernanke ends on 31 / 01 .

World gold prices volatile session

Closed session last night at the New York World gold prices nearly unchanged compared to the previous trading session . However, in a sudden turn gold price fell from $ 1.246 30 USD / ounce to $ 1.216 / ounce in a very short time before and bounced back to close at $ 1.238 / ounce .

Gold prices are being supported by the weakening of the global stock markets and the demand increases for physical gold in China ahead of the Lunar New Year . However, analysts said that gold prices will rise higher still need to have the impact factor more decisive , because the gold price outlook in 2014 is still being assessed with a pessimistic view .

On 6/1 , Janet Yellen was the U.S. Senate ratified officially become the next chairman of the Federal Reserve Ben Bernanke instead , the term will end at the end of this month . Ms. Yellen who is maintaining perspective easing to support growth - factors favor gold . However, the appointment of Ms. Yellen is not a surprise factor for the market .

Daily Remarkable news - December 31, 2013 (sources: collection)

USD TOWARDS BEST YEAR SINCE 1979 VERSUS JPY

The dollar hit a five year high against the yen on track and set for the biggest annual increase in comparison with the Japanese currency in 34 years , after rising nearly 21 % in 2013. The split in the monetary policy of the U.S. and Japan are the main cause for the spectacular performances of the USD against JPY in the year, and can lead to more gains for the greenback in 2014 .

Brighter outlook for the global economy could lead to an increase in foreign investment by Japanese investors , this pressure continues to weigh on the yen , as the currency fell lows over the years with a number of currencies .

Many analysts forecast that Japan's currency will continue to depreciate early next year . However, the VAT hike in Japan in April could make the country's economy and sagging stock price and cause price increases for the yen . However, this currency will decline and the dollar back up to 110 yen at the end of 2014.

GOLD PRICE DOWN TOWARDS THE STRONGEST YEAR IN 3 DECADES

Closed session yesterday , spot gold prices fell 16 cents or 1.4 % decrease , to $ 1.197 / ounce . Trading volume is low due to investors are in the holiday season . Today will be the closing session of the 2013 international gold market . Gold prices are on track to complete five fastest drop since 1981 .

Since the U.S. Federal Reserve ( Fed ) refers to the ability to scale down stimulus because the economy has enough resources to sustainable recovery , many investors have been selling gold to turn to the other assets .

From the beginning of this year , gold prices have dropped approximately 30 % . Many predicted that in the new year 2014 , gold prices continued to be under pressure and can be reached almost 1.050 USD / ounce .