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.
One of the owners of the smartphone called iPhone 5S told us an interesting story about his gadget. In particular, Reddit (the nickname is Glarznak) claims that iPhone 5S tracks the user's location and motion even when it is off.
According to several web sources, Apple, the world-famous tech giant, is currently looking for the ways and means to expand its developer teams in China (in Shanghai and Taibei). They say the expansion may take place mainly at the expense of major Asian companies like HTC, Quanta and Inventec. In 2013 alone, the amount of Apple employees in China increased up to 600.
The consequences of the deal between Nokia and Microsoft (Microsoft purchased Nokia's mobil business) seem to be scaring such tech giants as Google and Samsung. Market Leader found out what exactly Google and Samsung are afraid of. It seems like the 2 heavyweights in the international mobile industry are getting increasingly worried that the recent purchase of Nokia's mobile business by Microsoft may eventually lead to higher license payments for using the company's patents (which now belong to Microsoft).
What is the difference between traders and investors? Investors can only invest in businesses hoping that the investments are going to grow in value or bring dividends.
On the contrary, traders are more flexible in terms of opening, maintaining and closing a trade (time, lots, asset etc). Investors usually benefit from growth and can only exit their investments in order ot reduce the loss in the worst-case scenario. On the contrary, traders can benefit from any market state (whether the market goes up or down).
More often than not, the so-called «buy and forget» approach to investing can give you higher yield than interest on bank deposit. Still, what if we want more ROI than 10% a year?
PocketBook has recently introduced the world's first waterproof reader. The device is called PocketBook 640. This gadget will show within the scope of the expo called Salon Du Livre, which is to take place in Paris in the near future.
12 months ago, Google made a lot of noise with its new gadget called Google Glass. The device became the focus of global attention even before coming into market. While some countries banned the sales of Google Glass, millions of users were looking forward to them.
According to several web sources, Google, the world-famous tech giant, is currently working on a new superfast network. The experts working on the project are reported to be ready to test the network to amaze the audience with its speed.