Analytics, News, and Forecasts for CFD Markets: raw news — 06-05-2014.

The price of oil rose slightly today , which is associated with the negotiation of the foreign ministers of European countries about the resolution of the crisis in Ukraine.

"Any worsening of the situation in Ukraine will maintain oil quotes - said analyst Michael Hewson CMC Markets . - But investors little fear of supply disruption , which prevents prices rise too much ."

Positive dynamics was also due to a technical correction after cutting open short positions yesterday. However, growth in oil quotations partly contribute to good data on the euro zone and Britain. As it became known , the eurozone retail sales rose for the third month in a row in March, despite the expectations of unchanged level . Retail sales rose by 0.3 percent in the period from February, when sales rose 0.1 percent , which was revised up from 0.4 percent growth . Economists had forecast a zero change . In January, sales rose 1 percent. In annualized retail sales increased by 0.9 percent in March, after a gain of 1 percent in February , which was revised from an increase of 0.8 percent.

Meanwhile , another report showed activity in the key for the UK economy, the services sector grew in April at the fastest pace this year . Employment growth throughout the private sector accelerated sharply . It was another sign that the recovery of the UK economy continues to strengthen. Calculated by Markit and CIPS purchasing managers' index (PMI) for the UK service sector in April exceeded expectations and rose to 58.7 from 57.6 in March. This is the highest level since December 2013.

Many market participants also expect tomorrow's data on oil reserves . Estimated Bloomberg, oil reserves rose to 400 million last week, the highest level since 1982.

June futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to $ 100.24 per barrel on the New York Mercantile Exchange (NYMEX).

June futures price for North Sea Brent crude oil mixture rose $ 0.11 to $ 107.65 a barrel on the London exchange ICE Futures Europe.

Gold prices fell , losing the position of all previously earned , which was due to concerns about weak physical demand , although tensions in Ukraine and the reduction in the dollar index to 6.5 -month low provided some support.

Earlier in the session quotations reached $ 1315.8 per ounce , the highest since April 15 for the contract , which is the most actively traded .

Trading volume by 18% below the average for the last 100 days. I also add that the London and Tokyo markets closed on Monday due to the holidays .

" We believe that the price above $ 1,300 are not sustainable because they are mainly due to speculation ," said Commerzbank analyst Daniel Brieseman . " Physical demand seems to be somewhat muted . We have seen a significant outflow of ETF in the last couple of weeks and weak sales of coins in the United States . "

The data showed that outflows from the world's largest gold ETF - SPDR Gold Shares - amounted to about 10 tons last week.

It is also worth noting that, according to Bloomberg, net gold imports to China through Hong Kong declined to 80.6 thousand tons in March to 111.4 tons in February and 130 thousand tons, which were delivered in 2013. Gold imports into China may fall in the next few months due to falling yuan, while India 's gold imports is growing. At the same time on the last 11 weeks the stock exchanges are not as active play to increase the price of gold , given the signs of U.S. economic growth .

To date, the cost of the June gold futures on the COMEX fell to $ 1308.00 .