Gold And Silver: Daily Market Outlook. April 20th.
20 April 05:30 AM
France and Spain accomplished their bond sales plans during yesterday’s bond auctions. They sold their bonds to the amount of 7.97bn and 2.5bn euro correspondingly. Despite the fact that the demand was higher than the supply, Spain had to agree on a higher yield. Yesterday’s auction covered almost 50% of the Spanish bond sales plan for 2012. Analysts assume that Spain and Italy will be able to do without external financial support.
The eurozone debt crisis is the major issue on the agenda of the current G20 meeting. The finance ministers of Canada, USA and Australia together with the IMF urged Europe to take more active steps in order to resolve the debt crisis. The IMF representatives say they have already accumulated $320bn in order to help the eurozone if needed.
The People’s Bank of China is expected to lower the rates in the coming weeks (usually this takes place during the weekend). Copper traders start going bullish, which also suggests higher consumption on economic stimulation.
During the G20 summit, the BoJ Governor confirmed the central bank’s intention to get down to more aggressive monetary easing.
Yesterday’s US unemployment data came out higher than expected while the manufacturing production report showed a major decline. This confirms the instability of the US economic growth, thus giving more weight to next week’ FOMC meeting.
The GFMS expects the industrial demand for silver to increase by 3-5% this year mainly for the sake of replenishing the silver reserves, which ran low on expectations of another major recession.
According to the Commodity Trading Department of Masterforex-V Academy, today gold is moving within the 1640-1651 price range, further consolidation within the range is highly probable during the day. A break and consolidation above 1651 will trigger the bullish scenario up to the probable targets located at 1660 and 1675. A break below 1641 will trigger a downswing. The closest major levels of support are located at 1625 and 1610.
On breaking above 31.8, the price will probably rally up to 31.95-32.0. A break above 31.95 will give way to 32.25-32.30, 32.50. Alternatively, a failure to consolidate above 31.95 will make the price rebound down to 31.7-31.75. On breaking below 31.65 the downswing will intensify, thus probably reaching 31.50, 31.25.
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.