Continued uncertainty over the US budget talks is the greatest influence on the prices for gold (XAU/USD), the rise in prices during the session earlier Asian market transformed. Investor concerns over the upcoming U.S. financial situation is the main aspect save the price in the coming days.
Despite reports that the global demand declined after gold in the third quarter of 2012, as central banks around the world continue to ease monetary policy seems the prospects for XAU/USD on a strengthening to show of the precious metal.
The Japanese Yen hit a seven-month trough against the US dollar as expectations rose that the Central Government approved the new Japanese Government, which is led by Shinzo Abe, (when the Liberal Democratic actually next month should win party elections), to ease its monetary policy and to inject more money into the markets to boost the Japanese economy. By these rumors, the Asian market with a bull market have spike Asian indices Nikkei average rose to a 9,153.2 that break easily--which responds 200-day moving average.
Today's session is expected to remain relatively quiet before the meetings of the Eurogroup and the EU Summit, which takes place later this week. While the global economic stage is currently bombarded with a series of questions. The budget crisis deficit of euro-zone holds to decide a threat to strong turbulence on the markets, as well as the fact that Greece still remains difficulties his bailout targets to meet and Spain on a rescue package. Current economic data from the euro zone, which suggests that Germany has begun, the continuing crisis are affected raises flags and provide for investors.
If an agreement by the legislator is not done, the United States on a path be for automatic spending cuts and tax increases. This is noted on the market as a concern, as it could be the trigger the recession in the United States brings back. Dealers should continue to market surveillance for adverse events and trade wisely.
Despite reports that the global demand declined after gold in the third quarter of 2012, as central banks around the world continue to ease monetary policy seems the prospects for XAU/USD on a strengthening to show of the precious metal.
The Japanese Yen hit a seven-month trough against the US dollar as expectations rose that the Central Government approved the new Japanese Government, which is led by Shinzo Abe, (when the Liberal Democratic actually next month should win party elections), to ease its monetary policy and to inject more money into the markets to boost the Japanese economy. By these rumors, the Asian market with a bull market have spike Asian indices Nikkei average rose to a 9,153.2 that break easily--which responds 200-day moving average.
Today's session is expected to remain relatively quiet before the meetings of the Eurogroup and the EU Summit, which takes place later this week. While the global economic stage is currently bombarded with a series of questions. The budget crisis deficit of euro-zone holds to decide a threat to strong turbulence on the markets, as well as the fact that Greece still remains difficulties his bailout targets to meet and Spain on a rescue package. Current economic data from the euro zone, which suggests that Germany has begun, the continuing crisis are affected raises flags and provide for investors.
If an agreement by the legislator is not done, the United States on a path be for automatic spending cuts and tax increases. This is noted on the market as a concern, as it could be the trigger the recession in the United States brings back. Dealers should continue to market surveillance for adverse events and trade wisely.
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