Archive for January, 2013

Why positive market results in China, EU and US?

Monday, January 28th, 2013

Economical growth in China Shanghai, AsiaThis past week has seen mixed results in commodities trading, with many online traders keeping careful watch on the relatively positive market sentiment emerging from China, Europe and the United States.

Much of this data serves to temporarily paint a rather bullish picture for economic growth in the short and medium-term.

Highlights included China’s manufacturing index hitting a two year high, the European purchasing manager’s index reaching a ten month apex and United States’ jobless figures emerging significantly lower than expected for the second week in a row.

Naturally, these statistics have been directly reflected in commodities trading.

Gold investor? Watch the fiscal situation in the US closely

Monday, January 14th, 2013

Gold trader eggWhile many currency traders have kept a watchful eye on the economic data coming from the Eurozone, commodities traders have been carefully considering their positions in regards to the current domestic fiscal situation in the United States.

This has been especially important for gold investors as they scruinised the Federal government’s stance on the debatable spending and budgetary concerns so recently highlighted by the so-called “fiscal cliff”.

This week’s modest increase in gold prices seems to reflect a more pronounced risk appetite for online commodity traders. Should the fiscal problems in the United States be alleviated, it is likely that a fresh influx of capital will be injected into industry which will include precious metals.