Market Analysis – 12.12.2013

By December 11, 2013Analysis

Chart of the Day: Gold D1 Chart

Gold has found resistance at swing point resistance. With the US Congress surprising with a budget agreement in principle, we now expect gold to possibly lose a little more of it’s luster.

gold-d1-12112013

In The News:

Dollar Gains for First Time in Five Days on Budget Agreement (Bloomberg)

Econ Events:

03:00am EUR ECB President Draghi Speaks
03:30am CHF Libor Rate
03:30am CHF SNB Monetary Policy Assessment
04:00am CHF SNB Press Conference
08:30am USD Core Retail Sales m/m
08:30am USD Retail Sales m/m
08:30am USD Unemployment Claims
01:05pm CAD BOC Gov Poloz Speaks

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