Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


23.04.2012 15:47

Gold depreciates against the dollar strengthening

 

Gold prices on Monday is reduced considerably after the strengthening of the dollar against most world currencies caused a reduction in demand for the metal as an investment alternative.

The dollar to a basket of six currencies of countries - major trade partners of the U.S. grew by 0.44% to 79.66 points on the background of weak macroeconomic data in Europe and China, which have increased concerns about global economic outlook.

On Monday, it became known that the PMI index in China's industry, calculated by HSBC, according to the original estimate, rose in April to 49.1 points from 48.3 points in March. Despite the positive trend, the indicator for six consecutive months is below 50, which means a decline in the sector.

Investors remained concerned about the unstable economic situation in the euro area.On Monday, fears of bidders increased after it became known that the composite index of business activity in the industrial and service sectors for the 17 euro zone countries, according to preliminary estimates, in April fell to their lowest in five months in the value of 47.4 points from 49.1 points in March. These differed from the forecasts of analysts who had expected growth rate to 49.3 points.

At the same time, the appreciation of the dollar affects the political instability in some countries in Europe. Thus, the Prime Minister of the Netherlands Mark Rutte on Monday resigned after unsuccessful negotiations with the opposition on the budget in 2013 and possible measures to overcome the crisis.

Investors also continue to monitor the presidential elections in France. In the first round of the representative of the Socialist Party, Francois Hollande and the current president, the leader of the ruling "Union for a Popular Movement," Nicolas Sarkozy in the second round with 28.63% and 27.18% of the vote respectively.

However, a little optimism in the market on Monday brought news that the resulting increase in reserves of the International Monetary Fund has managed to attract an additional 430 billion dollars.

May gold futures on the COMEX fell today to $ 1624.4 an ounce.


 

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
March 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page