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Wednesday, 29 June 23:35 (GMT -05:00)



Stock and commodities markets

Gold And Silver: Daily Market Outlook. April 9th 2012

Gold And Silver: Daily Market Outlook. April 9th 2012

 

 

Friday’s US employments stats came out much worse than expected. Despite the economic growth, the rate of employment (especially in the public sector) keeps declining. Analysts are divided over the level that the rate of unemployment will reach in late 2012. At this point, investors are looking forward to corporate quarterly reports in order to estimate the near future of the US economy.
 

 

 

 

 

 

Japan’s balance of payments report came as a surprise, thus showing a decent surplus. The GDP forecast for Q1 2012 is +1.7% (y/y). Analysts expect the Bank of Japan to abstain for extra stimuli during the current meeting, which is to end tomorrow. However, it is said that during the next meeting scheduled for April 27th the central bank will be forced to announce new measures.
 
China’s PPI came out worse than expected, thus confirming the economic slowdown. The inflation and consumer prices reports exceeded the forecast considerably. The growing consumer inflation may prevent the People’s bank of china from proceeding to further economic stimulation.
 
Indian jewelers have finally gone back to work after 3 weeks of protests in exchange for the government’s promises to consider the jeweler’s demands concerning the taxation of non-brand jewelry. Some experts say that the recent strike cost jewelers $4B of unmade profits. India’s current account deficit reached the highest level since 1949 in Q1 2012.
 
Iran confirmed the resumption of the nuclear talks with the West. Another round of the talks is planned to be held in Istanbul later this week.
 
According to the Commodity Trading Department of Masterforex-V Academy, today gold will probably continue its downtrend down to 1630, and maybe 1625-1620. On breaking below the level, the price gets a chance to reach 1600. However, if the support stays unbroken, the price may rebound and test 1650. In order to resume the rally, the price will have to break and consolidate below 1646. The closest targets of the bullish scenario are 1665, 1675.
 
As for silver, the price broke below 31.75, which suggests that it is ready to resume the downswing. A re-consolidation below the level will confirm the intension. The targets of the bearish scenario are 31.50, 31.25, 31-30.90. If silver fails to consolidate below 31.75, there is high probability that of a rally up to 32.0. The rally will be resumed only if the price consolidates above 32.0. In this case, the price may reach 32.25-32.50.

 


 

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ArmPhone – Technological Breakthrough at the Market?

On June 06 Armenia presented a unique development at technology market – Armenian smartphone. As informed to the “Market Leader” a large company Technology and Science Dynamics has become the manufacturer of ArmPhone.

Publication date: 11 June 08:24 AM

Information about iPhone 7 “Spils” into the Web

New model of smartphone from Apple – iPhone 7, will get one more color, but get rid of plug connector for headphones. Such information about the popular gadget appeared in global network.
 
Publication date: 10 June 05:03 PM

Oil Market: Price Goes Up

Price of benchmark crude oil keeps rising, on Wednesday, June 08, it was trade close to maximal points for 11 months after publication of data on stocks of fuel in the United States of America.

 
At London stock exchange ICE Futures quotations of August futures of Brent oil blend have risen by 0.91 USD (1.77 percent) – to 52.35 USD per barrel.
Publication date: 10 June 05:51 AM

Who Needs High Oil Prices?

The world community is watching a price drop at the market of energy resources. The situation is most complicated for countries, the budget of which initially counted on high earnings from oil.
 
One can say for certain that most dependent on oil profits are countries that export the energy carrier to the world market in big volumes. Such countries often show slipping to dictatorial forms of government. When they switch to dictatorship, these countries can no longer restrain growth of oil recovery in neighboring countries.
Publication date: 09 June 06:16 PM

Oil Market: Brent Goes Beyond 51 Dollar

The price of Brent oil blend has jumped over the mark of 51 USD per barrel at London stock exchange ICE. Namely, on Wednesday, June 08, the price of one barrel of sample grade has amounted to 51.05 dollars – the highest value since last October. This is proved by information from trading grounds.
 
Publication date: 09 June 08:51 AM

Oil Market: Moscow Loses Interest to OPEC

Price of oil is rising again, but this is not enough for producer countries. Quotation of 50 dollars per barrel is “not the best possible variant”. 
 
“Nobody invited us,” says Anatoly Yanovsky, Russian Deputy Energy Minister, continuing to show indifference to OPEC summit in Vienna. Large players at the market of petroleum are again trying to rise; at the same time, after the summit in Doha, which was held in mid-April, representatives of the RF have stayed at home: Moscow has not even sent to Vienna even its technical observers. Less than two months ago the Russian leader was doing everything possible to bring Iran and Saudi Arabia to agreement; he was an intermediary between two rivals , which divide raw material market and the Middle East, and tried to convince them to freeze fuel production in order to stimulate rise price. Today, when the value of petroleum has risen from the minimal point to almost 50 dollars per barrel, the Russian Federation prefers waiting. “Oil price has gone up, which makes the question of freezing oil production lose its topicality,” said Aleksander Novak, Energy Minister of the RF.
Publication date: 09 June 01:01 AM

Saudi Arabia Freezes Oil Recovery till 2020

Saudi Arabia continues looking for ways to considerably reduce its dependence from petroleum as soon as possible. The country’s government has recently approved the plan of economic reforms, developed mostly for solving the abovementioned task. According to this plan, the level of “black gold” recovery in the country has to be frozen at the same level till 2020.

Publication date: 08 June 10:26 AM

Oil Market: Experts Call the Price Rise Timely

Energy market is showing certain recovery of oil price. Experts are certain that the rise is temporary, as pressuring factors remain topical.
 
Ministers of countries-members of OPEC are going to hold a meeting to discuss market strategy and current situation. The previous meeting was held last December. Since then oil has already managed to drop by one third, and then regain 80 percent of its value. Last month North Sea oil brand Brent gained 9 percent.
Publication date: 07 June 09:00 AM

Apple can Release iPhone Once in Three Years

Apple may refuse from traditional update of iPhone once in 2 years and increase this term. From now on a new model of iPhone will appear only once in 3 years. In between the release of new models the company will improve the previous version.

Publication date: 05 June 07:21 AM

Market Rates 4-Incher iPhone SE

A 4-incher screen iPhone SE has entered the market a short while ago, but users’ reaction to it can be compared to that to iPhone 6 Plus, when Apple has changed the body design and increased a form-factor. Experts and users have divided into two groups – some suppose that Back to Basics is a logical and correct step, whereas others are certain in failure of the novelty.

Publication date: 04 June 12:07 AM