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Analytics, News, and Forecasts for CFD Markets: raw news — 04-01-2013.
Oil prices show mixed trend, driven by the release of data that showed that U.S. employers have increased the number of jobs is greater than expected. At the same time, the surprise was a significant upward revision rate for the last month. With these data increased the likelihood that the Federal Reserve can turn incentives for the largest economy in the world.
Meanwhile, on the dynamics of trading influence of the Ministry of Energy report that showed the reduction of oil reserves in the week ended Dec. 28. According to reports, U.S. crude inventories fell by 11.1 million barrels, while leaving to 359.9 million barrels, the lowest level in the last three months. Note that many analysts expected inventory reduction by only 1 million barrels (to 370.1 million).
In addition, gasoline inventories rose by 2.570 million barrels (to 225.7 million), exceeding the forecast of 2.2 million in the same time, distillate stocks rose by 4.570 million barrels to 124 million, more than three times the growth forecast (1.25 million barrels).
Economists note that such a large drop of oil is awesome, but the market does not react as it is compensated by a large volume of stocks of gasoline and distillates.
February futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) fell to 92.42 dollars a barrel on the New York Mercantile Exchange.
February futures price for North Sea petroleum mix of mark Brent fell by 1 dollars to $ 110.92 a barrel on the London Stock Exchange ICE Futures Europe.
Today, during the day, the price of gold decreased, but at the same time, the published data on employment in the U.S. have led to a partial recovery of metal with the minimum values of the session.
Note that today's decline was caused by the publication of the minutes of yesterday's meeting, FOMC, which expressed concern about the increasing promotion of monetary policy.
Prices retreated after data showed that the rate of employment among U.S. employers fell slightly in December, pointing out that the weak economic growth has failed to make a breakthrough in the high level of unemployment. These podpityvayutsya expectations that the Fed will hold the tightening of monetary policy in the near future, which immediately caused the fall of the dollar against a basket of major currencies.
Analysts point out that from a technical perspective, gold is still vulnerable, as it is trading below its 200-day moving average, which is currently at $ 1661 per ounce. Meanwhile, the spot prices are still on the way to the biggest two-day fall since the beginning of November last year.
As exchange-traded fund SPDR Gold Trust reported yesterday outflow 9.638 tons, the biggest one-day decline since Sept. 26. At the same time, the decline in prices spurred buying from jewelers in Asia.
February futures price of gold on the COMEX fell by -32.3 $, and now stands at 1642.3 dollars per ounce.
Change % Change Last
Oil$92.67-0.25-0.27%
Gold$1,662.40-12.20-0.73%01:45China HSBC Services PMIDecember 52.150.6
07:00Germany Retail sales, real adjustedNovember -2.8%+0.9%
07:00Germany Retail sales, real unadjusted, y/yNovember -0.8%-1.6%
08:00United Kingdom Halifax house price indexDecember 0.0%+0.1%
08:00United Kingdom Halifax house price index 3m Y/YDecember -1.2%
08:50France Services PMI(finally)December 46.046.0
08:55Germany Services PMI(finally)December 52.152.1
09:00Eurozone Services PMI(finally)December 47.847.8
09:30United Kingdom Purchasing Manager Index ServicesDecember 50.250.4
09:30United Kingdom Net Lending to Individuals, blnNovember -0.30.4
09:30United Kingdom Mortgage ApprovalsNovember 53.054.2
10:00Eurozone Harmonized CPI, Y/YNovember +2.2%+2.1%
13:30Canada Unemployment rateDecember 7.2%7.3%
13:30Canada EmploymentDecember 59.30.0
13:30Canada Raw Material Price IndexNovember 0.0%-0.9%
13:30Canada Industrial product prices, m/mNovember -0.1%-0.1%
13:30U.S. Unemployment RateDecember 7.7%7.7%
13:30U.S. Nonfarm PayrollsDecember 146145
13:30U.S. Average hourly earningsDecember +0.2%+0.2%
13:30U.S. Average workweekDecember 34.434.4
15:00U.S. ISM Non-ManufacturingDecember 54.754.3
15:00U.S. Factory OrdersNovember +0.8%+0.4%
16:00U.S. Crude Oil Inventories- -0.6
18:15U.S. FOMC Member Charles Plosser Speaks-
20:30U.S. FOMC Member Yellen Speaks-
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