30.09.2015 - We are waiting for a strong movement of oil prices in the coming days

The price of gold continues to decline against the backdrop of a number of reasons. Thus, the demand for safe assets fell due to the positive statistics on consumer confidence index from the Conference Board, which rose to 103.0 against the expected decline to 96.2. It should be noted that the projected increase in jewelry sales in Asia due to the holiday season, which will last until February will support the gold price. Strong price movement is possible on Friday after the release of an important report on the US labor market. We expect consolidation around current levels in the coming days.

August 18 of USD Performance

The price of Light Sweet crude oil continues to consolidate before today's release of statistics on oil inventories in the US (14:30 GMT). It should be noted that the amplitude of price fluctuations decreased, which indicates a strong movement in the near future. The decline in oil production in the United States to 9.2 million barrels per day compared with 9.6 million barrels per day in April, has a positive impact on prices, but excess of supply from other countries remains. Experts believe that the balance between supply and the volume of oil production on the market can be achieved in the second half of 2016. Currently, we maintain a medium-term negative outlook and expect a strong movement in the coming days.

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.