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Saturday, 10 October 06:49 (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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OPEC Oil Basket Gains 2,5%

The international energy market has been showing some growth over the last few days.  In particular, the overall price of the OPEC basket advanced 2,5% up, Market Leader reports. The price moved by $1,13/b all the way up to $44,95/b. The corresponding figures were published on OPEC’s official website.

Publication date: 07 October 06:02 PM

Traders on Crude Oil Corruption and Oil Prices

Diezani Alison-Madueke, Nigeria’s former minister of oil and current OPEC president was arrested in London but soon released the other day. Still, she cannot leave Great Britain for now. The police haven’t commented on the matter yet.

Publication date: 05 October 08:34 AM

FxPro Offers New Instruments for Trading Crude Oil and Natural Gas


Not so long ago, FxPro announced the introduction of new instruments for trading crude oil and natural gas. According to the company’s representatives, these instruments are designed to open new horizons for traders and investors, thereby allowing them to gain even more profits from this kind of assets.
Publication date: 24 September 05:23 AM

Apple Plans to Release its own Electrocar by 2019


According to The Wall Street Journal with reference to some anonymous sources related to Apple, the participants of Project Titan keep on working on creating an electrocar. If everything goes as planned, the innovative vehicle by Apple is going to be introduced by 2019.
Publication date: 24 September 04:17 AM

Hackers Attack App Store


For the first time in Apple’s history, its App Store has been attacked by hackers. According to the Hi-Tech Department of Masterforex-V Academy, the hackers used a virus called XcodeGhost to infect iOS apps through XCode, Apple’s IDE for developers.
Publication date: 22 September 08:46 AM

OPEC’s Forecast Predicts Russian Disaster

According to the recently published OPEC forecast, if oil exporters managed to survive this year, next year they are likely going to face a financial disaster. The cartel predicts that late 2015 is going to be the time of slightly higher demand for crude oil, which may slightly support oil prices and even let them recover a little. However, early 2016 is going to be the time when the demand crashes, which may result in serious financial difficulties for major oil exporters with economies heavily dependent on oil exports (like Russia, for example).

Publication date: 17 September 11:24 AM

Apple Has Found Responsible For iPhone 6s Plus Shipment Delay


According to the Hi-Tech Department of Masterforex-V Academy, Apple is going to start the sales of Apple iPhone 6s and 6s Plus in the USA and other first-wave countries on September 25th.  However, you can already preorder the devices now. Previously, apple reported that the demand for the long-awaited devices happened to be so high that this caused shipment delays, especially when it comes to iPhone 6s Plus. The shipment delay may expend all the way up to 3-4 weeks.
Publication date: 17 September 06:38 AM

Microsoft Will Tell About Windows 10 On October 6th


Last week, several web sources published info saying that Microsoft is going to announce the first Lumia smartphones powered by Windows 10 Mobile. The announcement is going to take place on October 10th, the sources report. Judging by the fact that Microsoft has already started sending mass media representatives invitations to the event, this is going to take place a couple of days earlier – on October 6th
Publication date: 17 September 06:24 AM

Apple About to Release iOS 9.1 Beta


Today, most users of Apple’s mobile devices are going to be able to upgrade their software up to the long-awaited iOS9. At the same time, the experts are busy working on the next release of the new mobile operating system. In particular, iOS 9.1 beta is going to be released soon for developers.
Publication date: 16 September 10:37 AM

Saudi Arabia, Iraq and Iran Announce Lower Oil Prices

According to the information published by The Wall Street Journal, Iran, Iraq and Saudi Arabia are going to cut their oil prices next month. Experts say this is a forced step since lower prices are required to preserve their share of the Asian market.

Publication date: 15 September 09:13 AM