2014 starts with markets uncertainty

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The year 2013 came to an end, and most trading sessions ranged from generally muted to somewhat edgy, but were unable to pick any specific direction. Some unexpected trading was provided by the gold and silver markets as the precious metals saw their price drop during the day to as low as $1,182 and $18.83 respectively. However, the dip quickly reverted shortly after, as a correction an hour later saw gold trading over pre-dip levels to as high as $1,209, while silver surged to nearly $19.8. A similar case was evident at the previous week’s Initial Jobless Claims data, released on Thursday. In addition to beating expectations for 344K new claims, with a print of 339K, the figure marked a hefty decrease from the previous week’s revised figure of 341K. It is mostly positive to see a declining trend of claims, but it is hard to miss the fact that the figure never really recovered from the Government Shutdown, as it Is now approximately at the same levels as five months ago. With the tapering already underway, positive claims data continued to raise concerns for reduced Fed purchases, continuing the last months’ ritual of positive labor data boiling down to pessimism on the equity markets. The S&P 500 lost -0.75% during the day, and the NASDAQ dropped approximately -0.4%. Thursday’s bear market did not last long, as optimism regained on Friday, for no apparent reason - leading the trading session seeing markets regain some of the previous day’s losses. Register at ANYOPTION and start trading TODAY!