| As we have seen , yesterday's session marked the " sublimation " of the greenback against most currencies in the basket of foreign currencies. USD -index index finished up 80.63 points from the opening up around 80.99 points to close at U.S. economic information received positive than predicted by experts . From the New York market in operation , investor sentiment was optimistic the Producer Price Index rose 0.4 % compared with a decrease of -0.1 % last month . In particular , the producer price index core PPI eliminates the cost of production increased food and energy rose 0.3 % compared with 0.1 % growth of the previous period . Not long after this information , the U.S. oil reserves continue to decline publication -7.7 million barrels, compared with forecasts for a decrease of -0.7 million barrels experts . |
This is the information contained much sense to expect stability in the growth of the U.S. economy . In addition, the Beige Book report published two weeks before the Fed meeting also confirmed the growth rate of economic activity as production growth remained stable , consumer spending continues to rise , and the real estate market is still developing .
Looking through the stock market , the positive news that 7 out of 10 groups in the S & P 500 stocks rallied with the phone group , financial technology and more than 1.1 % . The close of this record has helped the Standard & Poor's 500 regain what was lost in the first session of 2014.
Looking at today's trading session , the market is waiting for a host of important information on the U.S. market . Among them is to be told , the consumer price index CPI and core U.S. market requirements for unemployment benefits . With what the U.S. economy is showing many experts continue to expect a new taper process for stimulus programs in the U.S. economy . Forecast , the greenback will maintain strong momentum for other currencies .
The common currency will remain under pressure ?
When the positive news for the U.S. economy are in place, that's when the currency basket of foreign currencies to meet pressure . The markets are waiting for the important information from the general area is also given the euro was created at sideways . Despite yesterday's price decline , however generally the recent trading , the euro is trading around 1.3620 dollars .
With what has been happening , sessions today and tomorrow is expected to be a lively session after the accumulation phase has formed . Expectations for the decline of the euro is still there ! More likely , the euro will only trading around 1:34 in the quarter 1/2014 .
GOLD continues accumulating!
In terms of trade movements , after receive important information from the U.S. market , gold fell to continue trading around 1234 USD / oz , and then had to adjust the back end of the session . With information constantly positive , supported the greenback led many experts believe that gold will still face pressure . However, in general, investors should be cautious when gold is still in a period of time to accumulate and be supported by demand from the festive season in Asian countries .
Looking at the indicators of technical analysis , gold prices will likely continue to accumulate in the region 1225 - 1252 USD / oz before sustained decline . Forecast , today's trading session , gold approaching the 1230 USD / oz .
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