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Analytics, News, and Forecasts for CFD Markets: raw news — 09-04-2013.
Oil prices fell slightly, while Brent crude oil price down below $ 105 per barrel, close to eight-month low, as investors worried that the global growth faltering and the recession in some developed countries will increase the demand for energy, and will increase the global supply.
Also add that the rise in oil prices also contributed to concerns about rising tensions in North Korea and the impasse in the negotiations between Iran and the West, as well as concerns about possible disruption of fuel supplies from the Middle East.
Meanwhile, we note that some support oil have data on inflation in China, which can help strengthen the demand side of the second largest oil consumer in the world. According to the report, annual consumer inflation in China slowed in March to 2.1% from 3.2% in February, while the producer price deflation deepened.
Note also that the oil markets are waiting for data on U.S. crude inventories for the week ended April 5. Recall that the report, which was submitted last week, showed a marked increase in inventories, which contributed to the fall in prices to eight-month low.
May futures for U.S. light crude oil WTI (Light Sweet Crude Oil) fell to 93.17 dollars per barrel.
May futures price for North Sea petroleum mix of mark Brent rose to $ 104.97 a barrel on the London Stock Exchange ICE Futures Europe.
Gold prices rose sharply, rising at the same time above $ 1580, helped by the further weakening of the U.S. currency. Meanwhile, experts say that now in the market there is a marked correction after prices last week reached a 10-month low.
They also point out that the positive Chinese inflation data helped the euro, dropped while the dollar. This has contributed to the growth of interest in the assets, which are expressed in terms of the dollar, to which the right is gold.
Note also that many investors still remain cautious with respect to the metal, however, after prices fell sharply last week, gold is struggling to regain the lost ground that was lost after weak employment data in the U.S..
Meanwhile, we note that many traders will be watching tomorrow's publication of protocols FOMC, as they can provide a hint about the future of U.S. monetary policy, and in particular, any change in the policy of quantitative easing.
Also today it was announced that UBS and Deutsche Bank lowered its target prices for gold this year to $ 1,740 an ounce from $ 1,900, and 12% up to $ 1,637 per ounce, respectively.
May futures on COMEX gold rose today, and now stands at 1586.60 dollars per ounce.
Change % Change Last
GOLD 1,573.60 -2.30 -0.15%
OIL 93.48 +0.78 +0.84%
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