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Sunday, 5 July 08:51 (GMT -05:00)



Stock and commodities markets

Gold And Silver: Gold Is Ready To Rally

Gold And Silver: Gold Is Ready To Rally

 

 

The situation around Iran remains tough. Yesterday a US citizen of Iranian descent was sentenced to death for spying. Today Timothy Geithner is on his visit to China. He is expected to ask China to back the sanctions against Iran. According to Dennis Ross, President Obama’s former Mideast advisor, the USA is ready to attack Iran in order to cease its nuclear program. Goldman Sachs has increased its oil price forecast for 2012.

 

 

 

 

 

 
The data on China’s external trade for December 2011 showed a major import/export decline as compared with the forecast. China’s foreign trade turnover in 2011 hit the all-time record of $3.6 trillion. However, the balance-of-trade surplus declined down to 3-year low ($115B).
 
The Federal Reserve is planning to arrange a press conference. Investors will be looking for hints at the Fed Reserve’s further economic stimuli. In November 2011 the US consumer lending hit the record level (+$20.37B).
 
In the meantime, Angela Merkel and Nicola Sarkozy met in Berlin. The parties agreed on all the issues in advance of the next EU summit scheduled for Jan 30th 2012. This week Spain and Italy are expected to hold their own bond auctions as investors will be focused on the bond yield. These auctions can influence France’s credit rating as French banks are major holders of these bonds. Today Angela Merkel will meet with the IMF President.
According to Goldman Sachs, the current macroeconomic situation around the world suggests an increase in gold prices up to $1940/oz by late 2012. Asia keeps seeing steady demand for physical gold.
 
Forecast: According to the Department of Commodity Trading of Masterforex-V Academy, after declining within a range for a couple of days, today gold is ready for a rally. It is currently above 1617-1617.5. However, the price still may test 1610. The closest targets are 1627, 1630, then 1640-1641, and maybe even 1668.
 
As for silver, in order to resume its rally, the price needs to consolidate above 29.30 in order to reach 29.50 and 29.75. A break above December’s high will give way to 30. A failed test will initiate a downswing to 28.9-29, and maybe even 28.7.

 

 

 

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HTC Announces New LTE Smartphone

 

According to HTC, the company is getting ready to launch a new LTE smartphone. In particular, this device is going to support 4G LTE networks. These technology is currently being tested in the USA by the FCC.  The official FCC website says that a device with a identification number FCC NM80PM9110 is going to support 5 networks - — 700 MHz, 850 MHz, 1700MHz, 1900MHz and 2600MHz for FDD-LTE 4G,the Hi-Tech Department of Market Leader reports. The new device is also going to support Wi-Fi 802.11 b/g/n and Bluetooth.
Publication date: 02 July 04:59 AM

Greek Default Crashes Oil Prices

 

Masterforex-V Academy reports that oil prices are falling down again. Apart from natural triggers, the market is influenced by the news from Greece. The thing is that Greece was obliged to pay the IMF 1,6 billion EUR a couple of days ago. However, this didn’t happen, which means that Greece has now defaulted on its debt.
Publication date: 01 July 10:32 AM

Apple Releases Apple Music and iOS 8.4 Update

 
Apple has just launched Apple Music, a new music streaming service. At the same time, the world-famous corporation has just released a new update of iOS8. This time it is iOS 8.4. The rumors about the new update have been around since April, the Hi-Tech Department of Masterforex-V Academy reports.
Publication date: 01 July 07:25 AM

Samsung Galaxy A8 - Thinnest Smartphone Ever!

 

According to the official website of the Chinese Telecommunication Equipment Verification Center, Samsung has registered a new smartphone, which means that Samsung Galaxy A8 is going to be officially announced soon.

Publication date: 24 June 04:51 AM

Fort Financial Services on Best Ways of Investing in Gold

These days, success in FX trading heavily depends on perfect timing in terms of reacting to fundamental factors like economic, political and financial news and stats. The thing is that the behavior of any asset traded in financial markets is closely tied to certain events. On top of that, assets have tight relations with each other. In particular, even the slightest changes in commodities (crude oil etc.) or major currencies may trigger some changes in, say, GBPJPY or CFDs for crops… not to mention interest rates set by the world’s leading central banks or news by the Fed and the ECB. Ignoring fundamentals is like jumping into the swimming pool full of hungry alligators. The chances of surviving are miserable. This way, it is necessary to feed the alligators to save you life.

Publication date: 16 June 12:18 PM

ActivTrades on Benefits of Trading Commodities

 

For many traders worldwide, commodities have been the major assets allowing them to generate substantial profits. The secret behind such popularity is that commodities are rather volatile assets if to compare them to stocks or currencies. Increased volatility means higher risk and higher potential profits. Which means that you need to have a solid base to trade commodities profitably. This includes competitive trading conditions. At the same time, commodity traders have to obtain comprehensive and timely information about the traded assets, including market drivers, various factors influencing the pricing, news, tech analysis signals.

Publication date: 10 June 03:49 PM

Apple Works On 4-Inch iPhone 7C

 

As you probably know, Apple considerable increased the screen size of their latest smartphones - iPhone 6 and iPhone 6 Plus. Still, many users left negative feedback regarding this change. This leads us to believe that Apple is likely to go back to developing smartphones with moderate screen sizes.

Publication date: 08 June 06:22 AM

Google Announces Android M

 

During the recent conference I/O 2015, Google official announced a new mobile platform - Android M. At this point the new operating system is available to developers as Android M Developer Preview& The final release is scheduled for this fall.

Publication date: 08 June 05:35 AM

Russia Preserves Oil Production Despite Low Oil Prices

The Russian government is getting ready for the results of the OPEC meeting. Still, the release published by the analytics center says that the Kremlin was warned that Russia shouldn’t promote the idea of cutting oil production amid lower oil prices. Last fall, when Russia and Saudi Arabia had talks over the issue, a lot of experts were convinced that the OPEc and Russia may agree to start cutting their oil production a little bit to suspend the downswing of oil prices and to back the price recovery in the longer-term future.

Publication date: 07 June 07:44 PM

OPEC Loses Control Over Oil Market

At the end of this week, the OPEC is going to hold another summit in Austria. The summit is designed to discuss the cartel’s further moves, Market Leader reports. At he same time, the experts of Masterforex-V Academy assume that the summit is an urgent one since the OPEC seems to be losing control over the global market of crude oil.

Publication date: 02 June 05:30 AM