What are the main drivers of the Gold price? - Ahead Of The Week 4th April 2016

http://bit.ly/21glOEo Made for traders to prepare their trading calendar, coming up in Banc De Binary’s Ahead of the Week Report for the 4th of April to the 8th of April, 2016. The Euro was UP against a weaker US Dollar. The USD was DOWN on more dovish statements by Fed. Chairwoman Janet Yellen. The GBP was DOWN, unable to escape negative investor sentiment around the prospects of a Brexit. Gold was DOWN as demand for the commodity lost momentum. Oil was DOWN, pulled back by the lack of market-moving news. The trading event of the week is on Wednesday, with the release of the Federal Open Market Committee Minutes and an expected impact on the USD. Monday the 4th of April has a market-moving event in the Eurozone at 09:00 with the release of Producer Price Index results for February. Last seen at the level of minus 2.9 percent on an annual basis, investors are looking for any signs that producers are more optimistic about the economy. On Tuesday the 5th, the main event is at 04:30 with the release of the Reserve Bank of Australia’s Interest Rate Decision. Despite China’s economic troubles, the RBA hasn’t moved from its current interest rate of two percent, so this news is important for AUD traders. The FOMC Minutes are released at 18:00 on Wednesday the 6th of April, and are expected to impact the USD and possibly Gold. Closely studied for clues about the Federal Reserve’s interest rate policy, there is little expectation of a new hike in the short-term, given Janet Yellen’s doubts about the global economy. Thursday the 7th brings traders another central bank event at 11:30 with the ECB’s Monetary Policy Meeting Accounts. This event provides key insights into how the monetary policy makers in the EU see the future of the economy, and there could be a knock-on effect on the EURO. On Friday, Switzerland releases its Unemployment Rate for March at 05:45, with an expected impact on the CHF crosses. Last seen at the level of 3.4 percent, Unemployment is not a big concern in Switzerland, but it never pays to be complacent in the trading markets, so this news release is on our watch list. http://bit.ly/21glOEo