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Tuesday, 24 October 20:03 (GMT -05:00)



Stock and commodities markets

Gold And Silver: Daily Market Outlook. April 20th.


 

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.


 

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Publication date: 29 August 03:56 AM

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Publication date: 21 August 04:58 AM

Dow Jones Industrial Average Set New All-Time Record, Above 22K Points

The Dow Jones Industrial Average (DJIA) is reported to have set a new all-time record. For the first time in its history, the index has exceeded the 22K threshold.

 

 
For those of you who don’t know, the Dow Jones Industrial Average is one of the oldest and most significant indexes indicating the health of the American stock market. It was created by Charles Dow and Edward Jones. In 1889, Mr. Dow founded The Wall Street Journal, one of America’s first business editions. In 1896, The WSJ published the DJIA for the first time when analyzing the current state of the U.S. stock market for the first time. Back then, the DJIA was at 40,94 points, NordFX experts report.
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Oil prices keep on going down. Yesterday, for the first time since November 2016, the price of Brent oil dropped below $45/b. to be more specific, later on the trading day, a barrel of Brent oil cost $44,63 in London (ICE Futures). This means that the price dropped by 3% over the trading day. A day before, the trading session ended up with $46,02/b, NordFX reports. This is the lowest price since November 15, 2016.

 

 
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