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Wednesday, 4 May 03:54 (GMT -05:00)



Stock and commodities markets

Gold And Silver: Daily Market Outlook. April 10th 2012


 

 

Investors keep monitoring the situation in Italy and Spain . The Spanish Premier is making steps to try and restore investors’ confidence through budged spending cuts. In the meantime, the ECB keeps supporting Italian and Spanish banks.

 

 

 

 

 

 
China’s trade balance surplus came as a surprise, thus exceeding expectations due to lower import and higher export. The Bank of Japan left the key interest rate and the bond purchase program unchanged yesterday. However, the central bank is expected to expand the QE program during the next meeting scheduled for April 27th.
 
Ben Bernanke says the US economy hasn’t completely recovered from the latest economic crisis. According to him, banks still need to replenish their reserves while “shady banking” presents considerable risks.
 
Alco is the first of the Dow Jones companies to publish its quarterly report. It is expected to show a 4-cents-per-share loss. In general, analysts anticipate an overall 0.6% income decline in Q1 2012. It should be noted that last Friday the demand for US T-bonds increased amid poor employments stats and the uncertainty in advance of quarterly reports.
 
As expected, the market of physical gold saw extra demand yesterday after Indian jewelers went back. Experts anticipate a 27% decline in India’s silver import.
 
According to the Commodity Trading Department of Masterforex-V Academy, if an H1 price bar closes below 1652, it may trigger the bearish scenario down to 1645-1644. At the same time, if it closes below 1643, this will suggest a deeper retracement down to 1630-1625. Otherwise, the rally will resume. The closet levels of resistance are 1675-1680.
 
As for silver, once the price fails to consolidate above 31.90, it may trigger the bearish scenario with probable targets around 31.70, 31.50. If the price does consolidate below 31.51, the downswing may reach 31.25, and even 31.0-30.90. Alternatively, if an H1 price bar closes above 31.90, the rally may reach 32.0, 32.25, and maybe 32.50.

 


 

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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

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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.
 
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