15.03.2016 - The price of oil has changed the trend to negative

The price of gold decreases against the strengthening of the US dollar and expectations of tomorrow's Federal Reserve statement on monetary policy. In case of growth of investors’ confidence in the earlier Federal Reserve raising interest rates this year, gold prices will continue to fall against the background of the rise of attractiveness of investments into assets with interest income and the strengthening of the US dollar. It is worth noting that China's gold demand fell against the background of rising prices, and in India, which is the world's second largest gold consumer after China, jewelers are on strike against additional jewelry taxation. We forecast a drop in gold prices in the near future and medium term.

The price of futures for the Light Sweet crude oil has replaced the local positive trend in the negative on the background of statements by the oil minister of Iran, according to whom the country will not negotiate on freezing the volume of oil production until the moment when oil production in the country will rise to the level of 4 million barrels per day, which corresponds to the volume of production before the imposition of sanctions against the country. The meeting of major oil producers that was planned on March 20 will be postponed to April. We do not expect to reach consensus in the near future and expect that the oversupply of oil on the market will lead to a strong fall in the near future. Our medium-term outlook remains negative and the probability of a decline in the coming weeks has grown.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.