17.11.2014 - The Fed statement will lead to increased volatility on commodity markets

The price of gold remains near the level of $ 1,200 per troy ounce. Quotes growth stopped due to the expectations of today's meeting of the Fed on monetary policy. Some investors expect that the Fed will change the rhetoric about the need to keep interest rates at current levels for a long period of time and will announce further gradual increase in interest rates. If the statement does not show the change in the Fed's intentions with respect to interest rates, we expect growth of quotations of gold. It is worth noting the growth of imports of gold in India by 38% in October to 151.58 tons. India is the second largest oil consumer after China and traditionally increase purchases of gold in the 4th quarter. Due to concerns about growth on the stock markets, we keep positive medium-term outlook and recommend holding long positions in gold.

November 7, 2014 of XAU-USD Performance

The price of Light Sweet crude oil continues to decline, but analysts have pointed out the possibility of new projects to stop oil production if the quotes remain at current levels. Stopping these projects worth about 930 billion dollars could lead to a reduction in the daily production of 7.5 million barrels per day, or about 8% of current consumption. Today, the focus will be on the Fed's statement (19:00 GMT), which may lead to an increase in the volatility of the dollar. In addition, will be published forecasts for the growth of the American economy. At 15:30 GMT will be published data on oil and petroleum products in the United States. We maintain our medium-term negative outlook on oil and recommend holding short positions.

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.