Gold And Silver: Daily Market Outlook. April 17th 2012
17 April 05:55 AM
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.
One of the owners of the smartphone called iPhone 5S told us an interesting story about his gadget. In particular, Reddit (the nickname is Glarznak) claims that iPhone 5S tracks the user's location and motion even when it is off.
According to several web sources, Apple, the world-famous tech giant, is currently looking for the ways and means to expand its developer teams in China (in Shanghai and Taibei). They say the expansion may take place mainly at the expense of major Asian companies like HTC, Quanta and Inventec. In 2013 alone, the amount of Apple employees in China increased up to 600.
The consequences of the deal between Nokia and Microsoft (Microsoft purchased Nokia's mobil business) seem to be scaring such tech giants as Google and Samsung. Market Leader found out what exactly Google and Samsung are afraid of. It seems like the 2 heavyweights in the international mobile industry are getting increasingly worried that the recent purchase of Nokia's mobile business by Microsoft may eventually lead to higher license payments for using the company's patents (which now belong to Microsoft).
What is the difference between traders and investors? Investors can only invest in businesses hoping that the investments are going to grow in value or bring dividends.
On the contrary, traders are more flexible in terms of opening, maintaining and closing a trade (time, lots, asset etc). Investors usually benefit from growth and can only exit their investments in order ot reduce the loss in the worst-case scenario. On the contrary, traders can benefit from any market state (whether the market goes up or down).
More often than not, the so-called «buy and forget» approach to investing can give you higher yield than interest on bank deposit. Still, what if we want more ROI than 10% a year?
PocketBook has recently introduced the world's first waterproof reader. The device is called PocketBook 640. This gadget will show within the scope of the expo called Salon Du Livre, which is to take place in Paris in the near future.
12 months ago, Google made a lot of noise with its new gadget called Google Glass. The device became the focus of global attention even before coming into market. While some countries banned the sales of Google Glass, millions of users were looking forward to them.
According to several web sources, Google, the world-famous tech giant, is currently working on a new superfast network. The experts working on the project are reported to be ready to test the network to amaze the audience with its speed.