Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


26.09.2013 15:22

Gold: an overview of the market situation

Gold futures traded lower, due to the release of today's U.S. data . In addition, we add that many traders continue to monitor the progress of budget negotiations in the United States . Note that in a recent letter to House Speaker John Boehner , the Minister of Finance of the United States Lew warned that if Congress does not raise the debt ceiling , the budget of the country can be badly hit , he even named the exact date when the money runs out - on October 17. The ceiling is currently set at 16.7 trillion . U.S. .

Date announced by the probability of default for the first time , before, according to the calculations of economists , the likely starting date of the budgetary problems ranged from October 18 to November 5. Says Jacob Lew , the Treasury Department is now taking "extraordinary measures" to ensure that the budget was enough as long as possible , it is quite likely delay receipt of funds in the budget organizations , including the payment would be deferred to the pension fund. Liu stressed that one can not give priority to any kind of payments from the budget, because even just the question of the order of payment will appear as "default , only named differently ."

As for the news in the U.S. , here is to provide a report on the GDP and the number of applications for unemployment benefits . As it became known , the gross domestic product , the broadest measure of all goods and services produced in the economy, rose by a seasonally adjusted 2.5 % in the second quarter , in line with the preliminary value , voiced in the past month. Economists forecast that the revised second quarter growth rate of 2.7%.

Meanwhile, another report , which was submitted to the Department of Labor showed that the number of Americans applying for first time unemployment benefits remained near six-year low last week , indicating that the improvement in the employment situation , although in recent years the data have been distorted violations in the financial statements . Initial jobless claims , the rate of layoffs, fell by a seasonally adjusted 5,000 to 305,000 in the week ended Sept. 21. Value was lower than the forecast of economists in 319,000 new claims . The Ministry of Labour has revised slightly upwards the number of complaints in the previous week to 310,000 from 309,000 .

The cost of the October gold futures on COMEX today dropped to $ 1325.40 per ounce.

Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
July 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
24
25
26
27
28
29
30
31

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