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Thursday, 26 May 16:15 (GMT -05:00)



Stock and commodities markets

Gold and silver: market outlook

Gold and silver: market outlook

 

 

Yesterday, after a strong rally on higher dollar liquidity, the markets were influenced mostly by macroeconomic stats. Investors wonder what are the prospects of the world’s biggest economies.
 

 

 

 

 

 

Today the US is to release its Non-Farm Payrolls. The forecast is +120К. Others say it may increase by 120К or even 125K. However, this is not expected to change the 9% rate of unemployment but may well reassure investors about the US economic prospects.
 
Yesterday the Senate elongated the period of lower taxes and denied tax hikes for the US middle class. It is expected to keep stimulating the country’s consumer spending in 2012.
Mario Draghi, ECB President, said yesterday that the bank is determined to take more cardinal steps probably hinting at possible interest rate cuts) in order to combat the eurozone crisis if during next week’s summit the EU leaders agree on tougher control over the budgets of all the 17 eurozone members and agree to make major decisions by a majority vote. Nicolas Sarkozy and Angela Merkel backed those requirements. On Monday they will meet to work out a detailed plan, which will be discussed on Dec 9th.
The bond auctions held by Spain and France were a success, attended by high demand.
Goldman Sachs and HSBC anticipate interest rate cuts in China in 2012 in order to stimulate the world’s 2nd largest economy.
Central banks keep buying up gold amid global uncertainty. South Korea bought 15 tons of gold in Sep and 25 tons in June-July, thus increasing its gold reserves up to 54.4 tons.
 
However, if investors gain more confidence about the global economy, the demand for precious metals as safe haven assets will probably decline, with inflation being the only factor to support gold and silver prices.
 
Forecast: According to the Department of Commodity Trading, Masterforex-V Academy, yesterday gold failed to consolidate above 1750. Today gold may test the 1750-1753 area once again. A failure may result in a downswing, with targets at 1740, 1725, 1718. In order to continue the rally gold will have to consolidate above 1750.
 
As for silver, $33/oz has been a strong barrier so far. Today silver may keep testing the 33.1-33.2 zone. A break above 33.2 is needed to continue the rally. A failure will give way to 32.6-32.5, and may be further down to 32.

 


 

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Kuwait Oilers Expect Oil Prices Under $50/b

Some representatives of Kuwait’s oil industry see no fundamentals for much higher oil prices above $50/b in the near future. At the same time, they rate OPEC’s strategy aimed at preserving the cartel’s market share as successful. The Kuwait Minister of Oil says that until the end of this year, the global market of crude oil may have got its balance restored to see the prices settle around $50/b, Masterforex-V Academy reports.

Publication date: 20 May 05:32 AM

Goldman Sachs Doesn’t Deny Lower Oil Prices

American oil companies are not going to make some fundamental changes in case oil prices start going up and down within the $30-35/b range. The thing is, such prices are said to be still comfortable for them.

 


According to Goldman Sachs Group Inc., oil prices around $35/b are neither too high not too low. They say this is may well be the price to start buying the stocks of American oil producers and miners. Even if there is a period of prices between $30/b and $35/b, they are still not going to make any serious changes to their policies, especially as the companies expect WTI prices to go all the way up to $55-60/b in a more distant future. Goldman Sachs experts say this may happen in 2017.
Publication date: 04 May 11:17 AM

Oil Prices Above $50/b Will Do For Oil Producers

Bloomberg experts have named new oil prices appropriate for the world’s major oil exporters to avoid losses and make at least tiny profits. They rely their projections on the recent research made by Wood Mackenzie, a consulting company saying that at $53/b and above, the world’s 50 major oil companies will stop suffering losses and start capitalizing on their oil exports to some extent.

Publication date: 04 May 11:09 AM

BMI Predicts Average Brent Oil Price At $46,5/b In 2016

This year, the average price of Brent oil may reach $46,5 per barrel, the experts for BMI Research assume. To be more specific, they have improved their oil prediction by 16%. The previous report was $40 per barrel.

 

 
Publication date: 04 May 07:34 AM

Bloomberg Names Appropriate Oil Prices

Bloomberg experts have named new oil prices appropriate for the world’s major oil exporters to avoid losses and make at least tiny profits. They rely their projections on the recent research made by Wood Mackenzie, a consulting company saying that at $53/b and above, the world’s 50 major oil companies will stop suffering losses and start capitalizing on their oil exports to some extent.

 

 
Publication date: 03 May 10:40 AM

Chinese Insiders Confirm Moisture Protection of Apple iPhone 7

The opening of iPhone 7 is not going to be held not very soon, but various rumors about the specialty are appearing on an incredibly regular basis. The seventh model has been expected to be a minor update of “apple” gadget, but, judging by information from Chinese insiders, this is not exactly so. Apple has been reported to have finished the latest testing of iPhone model 7, which has been followed by some unofficial details about characteristics of the device.

Publication date: 03 May 08:47 AM

U.S. Oil Companies Can Survive At $35/b

American oil companies are not going to make some fundamental changes in case oil prices start going up and down within the $30-35/b range. The thing is, such prices are said to be still comfortable for them.

 

 

Publication date: 03 May 06:20 AM

World Bank Raises Oil Forecast 2016

It is interesting to watch more and more experts improving their oil forecasts for 2016. The World Bank experts are some of them. To be more specific, they expect the oversupply currently seen in the global market of crude oil to shrink in the coming months. If that’s the case, this is definitely going to push oil prices higher.

Publication date: 28 April 10:19 AM

Apple Sees Its Stock Crash By 7% On NASDAQ Opening

It is reported that Apple’s stock has lost 7% of tis value in an instance straight after NASDAQ opened. At the same time, Market Leader reports that since the latest quarterly report, Apple have lost 30 billion dollars of its market capitalization. To be more specific, the market cap of dropped by 7,5% all the way down to 526 billion dollars just in 30 minutes after yesterday’s NASDAQ opening.

 

 

 

Publication date: 28 April 07:58 AM

Experts On Why You Shouldn’t Trust Short-Term And Mid-Term Oil Forecast

After most of the fundamentals out there were priced into the market, crude oil turned into the most unpredictable asset to trade. Undoubtedly, when another major wave of the global financial crisis is picking up speed, the bearish bias is stronger than the bullish one over the long term. That said, the likelihood of oil prices seen further lows is higher than another major rally in he international market of crude oil. Still, if to consider the short-term and mid-term perspectives, the situation looks rather ambiguous.

 

 
Publication date: 27 April 07:29 PM