Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Monday, 11 December 14:52 (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.

 


 

графики

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

CBOE Launches World’s First Bitcoin Futures

As promised, the CBOE launched the world's first Bitcoin futures on December 10th at 15 p.m. Central Standard Time (CST). The first BTC futures trading session started at 15000 USD/BTC. Within the first couple of minutes, there were 150 transactions processed. Over the first 20 minutes, the exchange rate increased up to 15940 USD/BTC. Lateronitwenttemporarilyupto 16600 USD/BTC.

Publication date: 11 December 02:26 AM

American Shale Oil Producers Enjoy OPEC+ Deal Extension

On the last day of November, the OPEC and several non-OPEC oil exporters met in Vienna to discuss the future of the global oil market during the OPEC summit. The summit ended with extending the OPEC+ deal until the end of 2018. Experts say this decision means the OPEC+ participants have lost the long-term oil war with American shale oil companies.

Publication date: 03 December 11:03 PM

OPEC Is Worried About U.S. Shale Oil Production Prospects

The OPEC is concerned that their American rivals producing shale oil may catch at the chance given them by the OPEC+ deal. The deal is aimed to cap oil production and restore the market balance in favor of higher oil prices. The OPEC+ agreement is likely to be extended during the forthcoming OPEC summit on November 30th in Vienna, Austria.

 
Publication date: 29 November 11:49 AM

U.S. Stats Pushed Oil Prices Higher

According to online source Finanz, the U.S. crude oil inventories shrank over the past week, which pushed oil prices higher. After 3 weeks of retracing, crude oil is rallying confidently again. The Brent oil futures for January delivery reached $63,29/b, which is 1,15% higher than a day before. At the same time, The WTI oil futures for January delivery gained more than 2% and reached $57,94/b, which is the highest level since July 2015.

Publication date: 25 November 01:14 AM

Oil Market Is Under Pressure In Advance of OPEC Summit

Publication date: 24 November 07:01 AM

Saudi Arabia Doesn’t Want Oil Prices to Grow Too Fast

Reuters reports that Saudi Arabia doesn’t want oil prices to grow too fast. This is what Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid A. Al-Falih told during his speech at the UN Climate Change Conference 2017 in Bonn, Germany.

Publication date: 19 November 08:58 AM

What’s the Fair Price of Crude Oil Today?

For many economies out there, especially those dependent on the export of crude oil, oil prices have always been a major indicator to monitor. These days, the international expert community is divided over the future of the global oil market. 

Publication date: 18 November 09:36 AM

Crude Oil Stops Being a Lifeline for the Russian Ruble

 The U.S. Dollar is getting more expensive against the Russian Ruble again as the Russian currency is feeling pressure from the new round of the Western sanctions. Crude oil seems to have stop saving the day for the Russian economy and national currency.

Publication date: 18 November 09:33 AM

Oil Market Shows No Reaction To Optimistic OPEC Report

Oil market showed almost no reaction to the annual OPEC oil report released on November 13th, even though the report happened to be fairly optimistic. In particular, while WTI oil futures for December delivery increased in price by as little as 0,11% up to $56,80/b, Brent oil futures for January delivery lost 0.09% and moved down to $63,46/b.

Publication date: 18 November 09:26 AM

Russia Is Still Dependent On Crude Oil

Is the Russian economy getting rid of its dependency on crude oil? Even though Russian politicians say that’s really the case, famous Russian economist Igor Nikolaev tried to find out the truth backed by figures.

Publication date: 17 November 11:52 AM