Yesterday’s European PMIs disappointed investors once again. The eurozone’s Manufacturing PMI came out worse than expected - below 50 – which suggests further economic stagnation. The Services PMI stayed in the negative zone as well. Therefore, we can conclude that the eurozone has become a major destabilizing factor for financial markets once again.
China’s leading economic indicator showed some growth in March, which was less substantial than a month before. This may serve as another factor urging the People’s Bank of China to implement further monetary stimulation.
Some experts expect the FOMC to consider interest rate hikes during the forthcoming meeting.
In advance of the FOMC meeting investors prefer to switch from commodities, including gold and silver, to bonds. The uncertainty is supported by the eurozone crisis. Asian dealers keep reporting about the increasingly lower demand for physical gold.
According to the Commodity Trading Department of Masterforex-V Academy, gold is rallying. The closest levels of resistance are 1643-1645. If the price breaks above them, 1650 and 1658 will become the next levels of resistance. A failure to consolidate above 1643 will make the price rebound down to 1633, a break below 1632 will give way to 1625, 1610, 1595.
Silver is expected to test 31.0, and maybe 31.25. On consolidating below 30.7, the price may go down to 30.50, 30.0, and maybe 29.90.
Not so long ago, Google published another quarterly report. This time the figures for Q1 2014 turned out to be not as good as expected, thereby disappointing investors. All in all, the was a year-over-year increase. Still, investors found something controversial about the figures, which ultimately resulted in a bearish move in the market of Google's stock.
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.