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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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Microsoft Doesn’t Count on Big Profits in 2015

 

Microsoft, the world-famous tech giant from the USA, reported about its financial performance in the forth quarter of 2014, which ended on December 31st. According, to the Hi-Tech Department of Masterforex-V Academy, the corporation’s net profits seen over the period of October through December reached $5,9 billion. For the same of comparison, the same figures seen 12 months before indicated $6,6 billion. With that said, this was a 10% decline in Microsoft’s quarterly net profits.

Publication date: 28 January 05:04 AM

Google Updates iOS and Android Apps

 

Not so long ago, Google updated its office apps for mobile devices powered by Android and iOS. According to the Hi-Tech Department of Masterforex-V Academy, Google updated the following apps: Docs, Slides and Sheets. The apps underwent minor design improvements and some new functions and features.

Publication date: 27 January 11:03 AM

Intel: Computer Cost Will Continue Going Down

 

It is reported that the profit of Intel, the world’s biggest manufacturer of computer chips, boosted in the 4th quarter of 2014. This is the sign that the global demand for desktop computers and laptops increased over he reporting period, Market Leader reports. According to the Hi-Tech Department of Masterforex-V Academy, the tendency is probably going to be seen this year as well.

Publication date: 22 January 01:40 AM

Why Doesn’t OPEC Fight Low Oil Prices?

One of the most burning problems of the contemporary society is the ultra low price of crude oil worldwide. Still, it is surprising to see that the OPEC, which is a union of some of the world’s major producers and exporters of crude oil, is still reluctant to start cutting down on their oil production. If you have been in financial markets for a while, you probably know that amid declining global demand for crude oil (mainly triggered by the economic slowdown in China - the world’s second biggest economy and the biggest consumer of crude oil), the steady and high level of oil production leads to oversupply at all times. Apparently, oversupply triggers a price collapse. The bigger it is, the harder the prices fall eventually. This is the case in the global market of crude oil right now. The prices have already fallen by more than 50% since its local highs set in mid 2014.

Publication date: 21 January 12:08 PM

Market Participants Expect Lower Oil Prices On Forthcoming News From China

 

Oil price seem to never stop going down since mid 2014. Yesterday, the prices went down a little bit as well. The thing is that the market seems to be reacting this way to the expectations of poor economic stats ,which are about to be released in China, the world’s biggest consumer of crude oil.

Publication date: 19 January 10:22 AM

History Hints At Long-Term Oil Prices Below $50/b

Judging by today’s situation, many experts do not doubt that crude oil may well stay below $100/b forever. At the same time, more experienced analysts are not in a hurry to make such brave predictions. Still, they agree with them to the extent that oil prices are probably going to stay low for quite a long period of time. In particular, they name serious levels below $50/b.

Publication date: 16 January 03:54 AM

The Times Assumes That Crud Oil Prices May Well Drop to $20/b

According to the observers working for The Times, this may well not be the end of the never-ending price decline in the glob oil market started in mid 2014. In other words, hey assume that crude oil may find the price bottom somewhere around $20 per barrel if the worst-case scenario manifests itself, Market Leader reports.

Publication date: 16 January 03:19 AM

Apple Secretly Tests iOS9

 

According to some unofficial online sources, Apple has already started testing the next version of its operating system for mobile devices. It is likely going to be called iOS9. Those resources site visitor stats as some kind of confirmation of this rumor , Market Leader reports.

Publication date: 14 January 09:20 AM

Former IMF Chief Economist Doesn’t Deny Oil Price Recovering Up To $100/b.

Kenneth Rogoff, a professor of economics and the former Chief Economist of the International Monetary Fund, assumes that oil prices may well recover up to $100/b in the mid-term future. In particular, he says that he doesn’t believe in the idea supported by many financial experts regarding the supposition that oil prices are never going to come back to the levels seen in mid 2014. On top of that, he assumes that sooner or later oil prices are going to see $100 per barrel or higher.

Publication date: 14 January 07:49 AM

World Bank Predicts Low Oil Prices In 2015

 

At this point, never ending expectations of even lower prices on crude oil and oil products jeopardize geological prospecting and development of new conventional oil fields, not to mentioned shale oil fields. Well, it sounds quite logical and natural since no company wants it business to be unprofitable, Market Leader reports. All of this is confirmed by the latest report released by the World Bank.

Publication date: 12 January 05:18 AM