Euro Stable As European Top conducive 1:35

EUR/USD MT4 Charts Today Analysis

Euro Stable As European Top conducive 1:35. Until well into the European trading session, the single currency Euro seems sturdy perch above the range of $ 1.35 after the U.S. Federal Reserve (the Fed) to maintain bond buying stimulus schemes that tend to weaken the U.S. dollar (USD). Reports of euro zone Wednesday also clear illustration that the debt crisis that hit the region will not be as bad as previously thought. That's because increasing economic sentiment improved more than forecast in across all sectors in January, while the size of the phase of the business cycle also increased this month. And strengthening the euro is now a signal for the success of the European Central Bank (ECB) in tackling the debt problem, which is far more important than short-term strengthening Euro. Impact, the money is now flowing to Europe and even from the North back to the South or from the ECB funding to money market funds. The euro recorded at 1.3554 area after successfully climbed back to a high level of 1.3584, while the low level recorded EURUSD today at 1.3542, has not changed since the morning session in Asia.

Two Commodities Metals Race to $2000

Commodity price movements of gold and platinum tend to be synonymous in recent months. Until this week they perched in the range of $ 1680 per ounce. Many of the forward, where a successful metal through the level of $ 2000 dream beforehand. At CNBC, commodity analyst majority of gold will not see the performance as brilliant platinum in the foreseeable future. Platinum level predicted to menyambangi $ 2,000 first volume of stock is not as much as gold. Coupled with the increase in world car production in different continents, which is believed to further increase the level of demand. In addition to jewelry, platinum is the primary ingredient vehicle catalytic converter components.

Supply bottlenecks started to happen in the world's largest producer, which is South Africa. The increase in employee wages and energy costs make the profit margin decreases miners making some projects closed temporarily. Earlier this month, Anglo American Platinum announced the suspension of operations on four exploration areas Rustenburg. Policy of the world's biggest producer to cut the number of annual platinum production reached 400,000 ounces or the equivalent of 7% of the global output. After the report, the platinum price jumped to $ 1.704 per ounce before edging to $ 1.674.

"Platinum will go to $ 2,000 first," explained Eugen Weiber, head of commodities research at Commerzbank. Even so, he did not see the strengthening gold judge freezes and only cost only temporarily inhibited. Commodities Gold struggled to break key resistance level $ 1.800 in the last year, but so far only able to reach $ 1.794 in October. "It's not enough demand for safe haven and inflation is still pretty good friends," added Weinber. Speculative action is also reduced when compared with several years ago. Weinber expect inflationary pressures seen in the second half of 2013. It was then that gold prices will rise, and it is not impossible $ 2,000 in the fourth quarter or early 2014.

Because Minim catalyst, Gold Price Ranging

The price of gold is likely to move in the range of range or ranging to medium term until the weekend mainly due to lack of a strong catalyst for the precious metal. But a statement from the U.S. Federal Reserve (the Fed) overnight has provided support for gold where the Fed maintain its stimulus policies. The yellow metal is expected to again move in the range of $1.650 s / d $1.700 until Friday. According to Lynette Tan, an analyst at Phillip Futures, physical gold demand in China has now also been declining because of the gold and jewelry buying ahead of the Chinese New Year has ended. In addition when the data 'payroll' good Americans, may not have a major impact on gold, because the data is likely not close to the target rate of unemployment than the Fed's 6.5%. Until this news was aired (Thursday, 31/01), the price of gold still had not moved out of the range of 1677's after only able to rise to a high level 1680.40/troy ounce, while low levels of gold today is at 1675.68.

Failure to Maintain Regional Exchange Gain

Regional stock markets move down, marked by several stocks that move into negative territory, including :

• Nikkei -0.2%
• S & P / ASX -0.4%
• HSI -0.4%
• Kospi -0.2%
• Sensex -0.2%

Shanghai Composite and Hang Seng are also moving flat. While in the forex market, the dollar against the yen after the consolidation to rally to a high level two and a half years. USD / JPY is at 90.88 from 91.08 on Wednesday (30/01) night in New York, the EUR / USD is at 1.3548 from 1.3568 and EUR / JPY at 123.37 from 123.59. Japan's industrial output rose less than forecast in December by 2.5%. Figures below the predicted gain of 4.0%. Singapore unemployment rate fell to 1.8% in the three months to end December 31 vs. 1.9% for the quarter July to September, the initial estimate of the minister of labor. The average unemployment rate was at 2.0%, unchanged from 2011. Ministry estimates the number of workers will increase 44.500 workers during Q4, up from 26.200. RBNZ hold rates remain at 2.50%. "Global growth is expected to recover in 2013 with a local economy that is expected to strengthen in the coming years," according to a statement RBNZ governor, Graeme Wheeler.

The price of gold at $ 1,676.40. March Nymex crude oil futures contract fell nine cents to $ 97.85/barrel.