Five Important Things Before the Open Market

Stable gold Related U.S. Data: Focus on Greece

Monexnews - Gold moves steady on Friday after rising for 5 days, buoyed by hopes of easing monetary policy after the release of poor U.S. data, while investors are still waiting for election results that may be shocking Greek financial market.

Spot gold traded almost flat in the $ 1,621.79, in line with the 1.8% gain the previous week.

U.S. gold contract for August moved up 0.2% to $ 1,623.30.

U.S. unemployment claims going up for the fifth time in six weeks and the level of consumption falls in the month of May, opening up greater opportunities for the Federal Reserve to help the economy is showing signs of weakening.

news on the latest data from monexnews, this paper is my preparation before starting the open market in trading commodity futures with gold, my friends always insisted, before the start of trading, we should at least know the news of the latest market developments, and one trick is to record the news the latest, for the reference current trading and the future, so might as well rather than just written on paper, I'd better post in the blog, who knows there is a need, because the trade without knowing the latest data as just committed suicide, then to increase self confidence there is some news or analysis to support my data like this

5 Important Things Before the Open Market

1. JPY moved higher against the U.S. dollar following the release of the BoJ interest rate decision this Friday. Although the center is in the overbought level, at least in the short to medium term, the AUD is likely to continue strengthening.
   
   
2. Hang Seng stock index moved higher early Friday trading, with the report that the central bank will provide a back up plan if the Greek debt crisis worsened. Although Wall Street last night showed brilliant performance but failed to assist the movement of the Kospi today. Nikkei moves higher in early trading Friday.
   
3. Crude oil contract moved up in early Asian trading session Friday, as the continued strengthening of OPEC members agreed to hold production levels for the second quarter of this year at 30 million barrels per day.
   
   
4. The Central Bank increased its warning that the failure of Europe to overcome its debt crisis will threaten the sustainability of financial markets and the economy as a Greek general election will be conducted in the next 2 days will be the focus of attention of investors.
   
   
5. Dell Inc. was set up strategies to buy Quest Software valued at approximately $ 2.15 billion, according to the nearest source. He confirmed that PC manufacturers are identified for acquisition bid at Quest Software to get rid of its competitors, Insight Venture Partners।

for friends who have matured in the trade in the forex or gold, these methods may be called stale, sorry, because I am also new in this world. My security in the trade is still more short-term use of correction occurs, little profit rather than destroyed by greed. thank you