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Wednesday, 29 July 05:32 (GMT -05:00)



Stock and commodities markets

Gold And Silver: Daily Market Outlook. April 17th 2012


 

The US retails sales grew more than expected. The Federal Reserve’s focus is on the current condition of the US economy, which can either confirm or disprove the positive US employment stats.

 

 

 

 
The eurozone’s trade balance showed a surplus. However, the surplus turned out to be less substantial than expected. Today Spain is to start another bond auction. Investors are concerned about the fact that last month Spanish banks had to borrow from the ECB as much as 316B euro.
 
Japan is ready to supply the IMF with $60B in order to help the eurozone resolve its debt crisis. Japan’s manufacturing production report came out worse than expected.
 
The direct investments in China have been shrinking for the 5th consecutive month despite the central bank’s efforts to increase the quotes for foreign investors. China has increased the purchases of US bonds for the 2nd month in a row.
 
Amid China’s economic slowdown, the RBA is ready to cut the interest rates if the there is an inflation decline.
 
Iran seems to be ready to resolve all the nuclear issues with the Western powers if they ease the sanctions. Israel keeps urging Iran to stop uranium enrichment completely.
 
Yesterday’s trading volume in the market of gold was one of the lowest in 2012. The СОМЕХ report showed a sharp increase in silver reserves amid higher production of silver and lower demand for it. The silver reserves are around the 10-year record.
 
 
According to the Commodity Trading Department of Masterforex-V Academy, today gold may continue its downtrend to 1645-1644 after consolidating below 1650. If the price consolidates below 1643 it will give way to 1625, 1620, and maybe 1610. Alternatively, if the price fails to consolidate below 1650 and consolidates above 1653, it will get a chance to rally up to 1660. In order to resume a major rally, the price will have to break and consolidate above 1660.
 
Silver continues its downtrend. Once an H1 price bar closes below 31.35, the price may go further down 31.25, 31-30.90, 30.50. Alternatively, a failure to consolidate below 31.35 and a break above 31.45 will increase the probability of testing 31.75.


 

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Garry Ross Predicts Higher Oil Prices – Up To $100/b By 2020

 

 

According to Garry Ross, the founder of of a consulting company named PIRA Energy Group, the existing oil prices around the globe cannot be considered as a steady trend. He says that you don’t have to be a rocket scientist to figure out that oil prices are going to recover up to $100 per barrel within he next 5 years.
 
Publication date: 22 July 10:01 AM

Apple Makes 92% of Global Smartphone Market Revenue

There are hundreds of companies manufacturing smartphones worldwide. Still, there is only one company in the world that is capable of making most of the revenue in the industry. In particular, 92% of the entire revenue generated in the global smartphone market belongs to Apple.

 
Publication date: 16 July 06:14 AM

Experts Don’t Believe In Oil Price Drop Because Of Iran

 

As you probably know, the talks on the Iranian nuclear program conducted in Vienna yesterday resulted in an agreement. The agreement let Iran get rid of the sanctions imposed by the West a couple of years ago.  Now, Iran seems to be going back to the global oil market as a major player.
Publication date: 15 July 03:16 PM

Fitch Predicts Higher Oil Prices Up To $65 Per Barrel

 

The experts working for Fitch, an international rating agency, has published a new forecast for Brent oil prices for the next 2 years, Market Leader reports. They assume that the cost of each barrel of Brent crude oil is going to be $65 in late 2015.
 
Publication date: 15 July 02:04 PM

Oil Prices Recover After Plunge

 

 

Over the last few days, the international community has been watching another plunge in the global market of crude oil. At this point, the price drop has been suspended and the price is currently trying to recover a bit of the value lost over the last couple of days.
Publication date: 09 July 07:17 AM

Experts Reveal Consequences of Stock Market Plunge in China

The recent stock market plunge in China cost the world’s second biggest economy at least 2 500 billion dollars of stock market capitalization.  That is the major reason why the Chinese stock market indexes have lost more than 30% of its value over the last few weeks, Masterforex-V Academy reports.

Publication date: 09 July 05:00 AM

Public Chinese Companies Banned From Stock Trading

The Chinese authorities have temporarily banned public Chinese companies from trading their stocks in order to reduce the increased volatility in the Chinese stock market and defend the interests of multiple investors, Market Leader reports.

 
Publication date: 08 July 03:45 PM

Microsoft Launches Groove instead of Xbox Music

 

Many of those who use Microsoft products were surprised by the corporations’ decision to abandon the Xbox Music brand, which took over 2 years to create and develop. The new release of Microsoft Windows, which is Windows 10 Insider Preview (it is going to be released in late July), is going to get Xbox Music replaced by a new app called Groove. This one is designed to let the user listen to audio tracks, the Hi-Tech Department of Masterforex-V Academy reports.
Publication date: 08 July 11:34 AM

Oil Prices Keeps Going Down Amid Greek Crisis

 

Oil prices have been going down since the start of the trading week. The key drivers that triggered to bearish momentum in the market of crude oil are the fear for the Chinese stock market as well as the excessive supply of crude oil worldwide. At the same time, the agreement regarding the Iranian nuclear program and the situation around Greece are also pressing the prices, Market Leader reports.
Publication date: 07 July 09:41 AM

HTC Announces New LTE Smartphone

 

According to HTC, the company is getting ready to launch a new LTE smartphone. In particular, this device is going to support 4G LTE networks. These technology is currently being tested in the USA by the FCC.  The official FCC website says that a device with a identification number FCC NM80PM9110 is going to support 5 networks - — 700 MHz, 850 MHz, 1700MHz, 1900MHz and 2600MHz for FDD-LTE 4G,the Hi-Tech Department of Market Leader reports. The new device is also going to support Wi-Fi 802.11 b/g/n and Bluetooth.
Publication date: 02 July 04:59 AM