- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: raw news — 19-12-2013.
Oil prices rose modestly today , rising above $ 110 per barrel (Brent) and $ 98 per barrel as the market ignored the decision by the U.S. Federal Reserve on the reduction of its program of monetary stimulus , and focused on the reduction in U.S. oil inventories . Oil prices have faced some obstacles early in the session after the dollar rose strongly on the decision of the Federal Reserve , but were able to grow at that time , as U.S. traders arrived at their jobs.
The only negative factor for oil were present data on the number of applications for unemployment benefits , but even they could not stop the rise in prices. As it became known , the number of people filing for first time applications for unemployment benefits rose a second consecutive week , becoming a potentially troubling sign for the labor market , which showed strengthening .
The number of initial claims for unemployment benefits , a measure of layoffs, increased by 10,000 and amounted to a seasonally adjusted 379,000 in the week ended December 14. This is the highest level since March and well above 336,000 new claims economists expected . Analyst Department of Labor said that there were no special factors influencing the latest figures , but he cautioned that the data on applications tend to be volatile during the festive season . The number of applications from the previous week was revised up to 369,000 . New applications jumped by 74,000 in the past two weeks after moving to six - year lows in late November.
The course of trade also continue to influence yesterday's data from the U.S. Department of Energy on wholesale inventories of raw materials in the country , which fell by 2.9 million barrels , while analysts expected a decline of 2.3 million barrels.
Cost January futures for U.S. light crude oil WTI (Light Sweet Crude Oil) grew by $ 0.72 - to $ 98.52 per barrel on the New York Mercantile Exchange.
January futures price for North Sea Brent crude oil mixture increased by $ 1.07 to $ 110.36 a barrel on the London exchange ICE Futures Europe.
Gold prices declined significantly today , while reaching its lowest level since July this year , given the fact that yesterday the Fed announced the decline in bond purchases , as a first step in the rejection of the super soft monetary policy. Note that earlier this policy helped the gold price rise to a record high , and it is up to $ 1,920 per ounce.
The Federal Reserve announced that will gradually collapse quantitative easing program from January 2014. This ministry said after a meeting of the Committee on the open market . The volume of the initial reduction of redemption will be $ 10 billion - to $ 75 billion from $ 85 billion the Fed motivates its decision strengthening the U.S. labor market . Measures to reduce the bond purchases will be taken further if the economic recovery continues.
We add that the expectation that the program will be reduced , the price of gold dropped by more than 25 percent this year , recording the biggest drop in more than 30 years.
The course also influenced today's trading data on the U.S. housing market . As it became known that sales of existing homes fell to the lowest level in nearly a year in November , becoming evidence that higher mortgage rates are forcing buyers wary of making purchases of real estate.
Sales of existing homes fell by 4.3% compared with the previous month to a seasonally adjusted annual rate of 4.90 million , said Thursday the National Association of Realtors. Home sales fell 1.2 % compared with a year earlier, the first time in 29 months, this figure fell compared with the same period last year. Economists had forecast a decline of 2.0% from October to November to an annual rate of 5.04 million .
Meanwhile , another report showed that investors continue to reduce positions in traded on the exchange funds gold. Withdrawal of assets amounted to 800 tons this year . The largest gold fund , SPDR Gold Shares, said Wednesday that its assets decreased by 4.2 tons .
The cost of the December gold futures on the COMEX today dropped to $ 1202.30 per ounce.
© 2000-2026. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
