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.
Will foreign countries buy Russian oil and gas for rubles or not?
In response to the sanctions of the West related to the annexation of the Crimea to the Russian Federation, Russian exporters want to refuse the U.S. dollar as the main means of payment with foreign buyers of oil and gas. However leading Russian energy players offer different approaches to this issue.
More and more web sources join the growing army of those who spread rumors about Apple and its plans to introduce its own smart watch – iWatch. Apparently, these rumors heat up the interest in this long-awaited device.
YouTube, the world's most popular video hosting is about to get a «younger brother».
The thing is that Google, which owns YouTube, is about to introduce a YouTube version for children. In particular, the representatives of the world-famous tech giant say the new version of the popular hosting is made exclusively for children under 10 years old.
More and more web sources report that Apple is seriously working on a new portable device. It is said to be called iWatch. Until recently, there was no doubt that Apple would introduce its own smart watch.
Apple to Introduce 12-Inch MacBook with Retina Display
Apple is reported to be currently working on a new Macbook. This time it is going to be a 12-inch Macbook with the Retina display. Another new feature is that this laptop is not going to have a cooler inside.
The new mobile device by Samsung called Galaxy S5 has been discussed on the Web for several months already. The device is said to come into market in April 2014. At this point, all the fans of Samsung devices are left to be looking forward to the long-awaited release.
Gammers and Developers Got Interested in Microsoft DirectX 12
At this point, we know enough about DirectX 12 to start comparing and making conclusions. In particular, the developers promise wiser and more efficient use of CPUs and GPUs along with wider hardware support.
Lenovo ThinkPad 8 with 4G Available for preorder in China
Not so long ago (during CES 2014), Lenovo introduced another model of the ThinkPad series. Now, the new device is reported to be available for preorder in China. Apparently, this is the domestic market for the company, and that is why it decided to start the sales form it. Without any doubt the device will become available to other nations in the near future.