19.03.2015 - Oil inventories again showed strong growth

The price of gold has shown a sharp increase after the statement and publication of the US Federal Reserve forecasts for the US economy. Thus, despite the rejection of the statements regarding the "patience" with the Fed raising interest rates, which increases the chances of a faster raising of interest rates, the dollar fell. Investors were disappointed by the reduction of forecasts for inflation and interest rates of the Fed in the long run. A strong dollar has led to deterioration in the consumer price index and exports. The growth of the US equity markets continued to restrain the growth of quotations of gold, but reduced likelihood of raising interest the Fed rates in June will support the price of gold in the near future. We maintain our medium-term positive medium-term outlook for gold.

February 5 of USD Performance

The price of Light Sweet crude oil yesterday updated the local minimum against the publication of statistics on the increase in crude oil inventories in the US by 9.6 million barrels, against an expected increase of 4.0 million barrels. An additional negative factor for oil remains investors' concerns about the deficit of capacities for storage of oil in the United States and China, which may lead to a sharp collapse in prices. In case of easing sanctions against Iran in connection with the negotiations on its nuclear program, oil prices will accelerate the fall. Reducing the number of drilling rigs in the United States indicates a probable decline in production at the end of the year, but at the moment we expect continued downward dynamics of oil prices in the medium term 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.