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Saturday, 30 April 10:58 (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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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

Doha Oil Summit Failure Testifies To OPEC’s Death?

For those of you who don't know, the recent oil summit in Doha, Qatar has failed to end up with an agreement aimed at urging major oil-exporting nations to freeze their oil production quotas at January’s levels. Instantly after the new, the oil market crashed by 7% but then recovered. Still, more experts believe that this event may have serious consequences for the entire oil markets, including another bear market, as well as the end of OPEC as we know it.

Publication date: 26 April 07:48 AM

Experts on Fate of Crude Oil and Russian Ruble Until Next OPEC Summit

As you probably know, the recent oil summit in Qatar failed to end up with an agreement between all the participating oil-exporting nations to freeze their oil production quotas at the level of early January 2016. This triggered an instant reaction of crude oil and the Russian Ruble, which slightly lost a bit of the recently regained ground against the U.S. Dollar.

Publication date: 19 April 11:10 AM

Reuters Names Comfortable Oil Prices For Russia

If you have been trading crude oil for a while, you are aware of the fact that Russia is a major player in the international market of crude oil. It is a major producer and exporter of crude oil, which means its economy and national currency is heavily dependent on oil exports and oil prices. The lower the prices go, the less considerable profit Russia gets from exporting crude oil.  
 
Publication date: 18 April 12:29 PM

Apple Is Planning To Cut Its iPhone Production In Q2 2016

More and more online media sources report that Apple is actually planning to slow down its iPhone production in the second quarter of 2016. It is reported that the key reason for Apple deciding to cut down on the production is the fact that iPhone sales are slowing down.

Publication date: 18 April 12:28 PM

Brent Oil Drops By 7% As Doha Oil Summit Fails

After the international community learned that the recent oil summit in Qatar had ended up with no results, the oil market in London showed a sharp decline over the first couple of minutes. To be more specific, Brent oil lost 7% of its value at a time, thereby seeing its price go down to $40,16/b. Still, there was no further downtrend. The price recovered a little bit and reached $40,71 a few hours later. As for WTI oil, the price also dropped by approximately the same amount of percent points.

Publication date: 18 April 12:04 PM

Iran Raises Oil Production To 3,5M Barrels / Day

Iran is reported to have increased its oil production all he way up to 3,5 million barrels a day. This is reported by Mehr with reference to Mr. Javadi, Iranian Deputy Minister of Oil as well as Managing Director National Iranian Oil Company (NIOC). At the same time, the Deputy Minister doesn’t deny the possibility of raising the oil production even more given the recently signed agreements. At the same time, he reports that Iran is going to increase its oil exports all the way up to 2 million barrel a day in a matter of days.
 
Publication date: 18 April 08:53 AM

Apple Gonna Slow Down iPhone Production In Q2 2016

According to Nikkei with reference to some suppliers of Apple products closely connected with the corporation, Apple is going to slow down the production of iPhone this quarter – April through June 2016. They say that the major reason why Apple decided to cut the production is the fact that iPhone sales are slowing down.
 
Publication date: 18 April 06:59 AM