Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



16.01.2015 16:20

Gold: a review of the market situation

Gold prices rose sharply today, reaching a four-month high, and went to his largest weekly gain in the last 17 months (+ 4.5%). Investors sought safe "haven" of volatility after yesterday's unexpected decision to the Central Bank of Switzerland.

Recall SNB yesterday refused to support the objectives of the franc above 1.20 per euro, franc why in a short time rose by 30 percent. According to market participants, the central bank made this decision knowing about the intention of the European Central Bank to announce the beginning of buying up government bonds on January 22.

Meanwhile, today a member of the Board of the European Central Bank Benoit Ker said that to a possible program of quantitative easing, the ECB has worked, it has to be big. Ker also decided to repay poshedshie again talk of a Greek exit from the eurozone. "Any talk of a Greek exit from the eurozone unreasonable and unrealistic, - he said. - Its output is not discussed, and no one in Europe over this output does not work. So it is not discussed."

Precious metal more expensive despite the significant strengthening of the US dollar, which usually causes a backlash.

Had little impact as US data. Preliminary results presented Thomson-Reuters and the Institute of Michigan, showed that in January, US consumers are feeling more optimistic about the economy than last month.

According to published data, in January preliminary consumer sentiment index was 98.2 points compared with a final reading in December at the level of 93.6 points. It is worth noting that, according to the average expert estimates, the index should make 94.2 points. Also presented in the report the results of studies showed that the index of 5-year inflation expectations + 2.8% and the 12-month inflation expectations + 2.4%, preliminary expectations index 91.6, preliminary index of current conditions 108.3

It also became known that the stocks of the world's largest gold ETF-secured fund SPDR Gold Trust on Thursday rose 1.35 percent to 717.15 tons. At the same time, the demand for physical markets is reduced: the margin on the Shanghai Gold Exchange fell to $ 02.01 an ounce at $ 04.03 on Thursday.

The cost of the February gold futures on the COMEX today rose to 1273.50 dollars 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