Gold And Silver: Daily Market Outlook. April 10th 2012
10 April 07:09 AM
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.
Will foreign countries buy Russian oil and gas for rubles or not?
In response to the sanctions of the West related to the annexation of the Crimea to the Russian Federation, Russian exporters want to refuse the U.S. dollar as the main means of payment with foreign buyers of oil and gas. However leading Russian energy players offer different approaches to this issue.
More and more web sources join the growing army of those who spread rumors about Apple and its plans to introduce its own smart watch – iWatch. Apparently, these rumors heat up the interest in this long-awaited device.
YouTube, the world's most popular video hosting is about to get a «younger brother».
The thing is that Google, which owns YouTube, is about to introduce a YouTube version for children. In particular, the representatives of the world-famous tech giant say the new version of the popular hosting is made exclusively for children under 10 years old.
More and more web sources report that Apple is seriously working on a new portable device. It is said to be called iWatch. Until recently, there was no doubt that Apple would introduce its own smart watch.
Apple to Introduce 12-Inch MacBook with Retina Display
Apple is reported to be currently working on a new Macbook. This time it is going to be a 12-inch Macbook with the Retina display. Another new feature is that this laptop is not going to have a cooler inside.
The new mobile device by Samsung called Galaxy S5 has been discussed on the Web for several months already. The device is said to come into market in April 2014. At this point, all the fans of Samsung devices are left to be looking forward to the long-awaited release.
Gammers and Developers Got Interested in Microsoft DirectX 12
At this point, we know enough about DirectX 12 to start comparing and making conclusions. In particular, the developers promise wiser and more efficient use of CPUs and GPUs along with wider hardware support.
Lenovo ThinkPad 8 with 4G Available for preorder in China
Not so long ago (during CES 2014), Lenovo introduced another model of the ThinkPad series. Now, the new device is reported to be available for preorder in China. Apparently, this is the domestic market for the company, and that is why it decided to start the sales form it. Without any doubt the device will become available to other nations in the near future.