UFXMarkets -Daily Gold & Forex Trading News-14-December-2011
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- For more Forex news & info, please visit http://ufx.co/UFXM-youtube... The US Dollar gained versus all majors after the Federal Reserve kept the interest rate unchanged and gave no indication of a new Quantitative Easing program. The Fed remarked that the US economy is expanding slowly but unemployment and the housing markets are still in a slump. Retail Sales came out weaker with 0.2% versus the expected 0.6%. Stocks fell after the Fed's Interest Rate Decision, the NASDAQ declined by -1.26% and the Dow Jones by -0.55%. Crude Oil gained by 2.42% closing at $100.13 a barrel. Gold (XAU) dropped by 1.94% closing at $1,631.90 an ounce. Today, Import Prices are expected at 1% versus -0.6% previously. Crude Oil Inventories are expected at -2.2M versus 1.3M previously.
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