At its meeting on 17 - 18/12 , the U.S. Federal Reserve ( Fed ) decision to cut $ 10 billion in quantitative easing ( QE3 ) worth $ 85 billion to $ 75 billion per month . And QE package will likely be reduced after each meeting of Fed policy , the economy improved further . Speaking at a press conference after the decision , Fed Chairman Ben Bernanke said the Fed is likely to cut $ 10 billion more after each session to . According to the Bloomberg , the Fed will reduce the size of $ 10 billion QE / time at 7 the next meeting and QE program ended in December 12/2014 . |
Monday, 23 December 2013
Daily Remarkable news - December 24, 2013 (sources: collection)
strategies
December 23, 2013
PROSPECTS OF U.S. $ 2014
Fed's ability to continue shrinking and terminating easing program in 2014 led analysts believe that USD will continue to rise in the near future. The greenback is expected to maintain the momentum gained sharply against the JPY by ADU and the central banks of Japan and Australia are likely to further loosen monetary policy .
If the eurozone economy continued to show slow recovery next year and inflation of the region remain low , common European currency will decline sharply against the dollar . In contrast , the decline of the euro will be limited.
Meanwhile , the UK economy has shown strong growth in recent years and the unemployment rate fell sharply that the Bank of England to consider raising interest rates sooner than expected . Therefore, the difficult market witnessed sharp appreciation of the USD against GBP .
GOLD PRICE REDUCED DEPTH MAY CONTINUE
The gold market is moving into the quiet session last year with a year of the darkest events in the past 3 decades . Many people believe that gold prices will continue to go down in 2014.
Since the U.S. Federal Reserve ( Fed ) refers to the ability to scale down stimulus because the economy has enough resources to sustainable recovery , many investors have been selling gold to turn to the other assets .
From the beginning of this year , gold prices have dropped approximately 30 % . Many predicted that in the new year 2014 , gold will breach the lows of the month 5/2010 which the threshold is $ 1.050 / ounce .
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