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Saturday, 1 October 04:38 (GMT -05:00)



Stock and commodities markets

Gold And Silver: Daily Market Outlook. April 26th 2012.

Gold And Silver: Daily Market Outlook. April 26th 2012.

 

 

The Federal Reserve has left the key interest rate unchanged. During the recent interview, Ben Bernanke confirmed the bank’s record-low-rates policy till the end of 2014. The Fed Res looks determined to act if the economic situation worsens. The central bank has improved its forecast for the US economic growth in 2012, simultaneously confirming that the rate of inflation is within the target rage.  The forecasts for 2013 and 2014 are downgraded due to heavier taxation and more substantial spending cuts.

 

 

 

 

 

 
Yesterday the US stock gained on positive quarterly reports and Bernanke’s speech. However, the demand for the US T-bonds increased as well. The results of today’s bond auction will probably clarify the situation. There are suppositions that the market will be looking for signs of an economic slowdown in today’s unemployment report.
 
In the meantime, most Spanish banks have passed the stress-tests arranged by the IMF. Mario Draghi, ECB President, urged the eurozone authorities to implement structural reforms in order to support the economic recovery in the area. Angela Merkel backed this idea.
 
The Japanese authorities keep urging the Bank of Japan to continue stimulating the national economy. All the economic sectors showed poor performance (worse than expected).
 
Yesterday gold prices recovered and showed intensions for further growth. Asian dealers report that India’s gold export shrank by 50% y/y. The eurozone crisis and political risks around the world will be the major market drivers.
 
In particular, North Korea is “playing” with its missiles, threatening its southern neighbor. The nuclear tests may resume anytime. Pakistan has recently tested its mid-range ballistic missiles, which are capable of carrying nuclear warheads.
 
Forecast:
 
According to Commodity Trading Department of Masterforex-V Academy, gold prices keep rallying. The probable targets are 1657, 1664, 1675. A test of 1642 is expected throughout the day, if successful, the price may reach 1638 and 1633.
 
30.90 is the closest major level of resistance for silver, a re-test is expected. If an h1 price bar closes above 30.90 we may see a rally up to 31.0, 31.25. A failure to consolidate above 30.90 may result in a rebound down to 30.35, 30.25. A break and consolidation below 30.35 will give way to 30.0, 29.90.

 

 

 

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OPEC Cuts Oil Production, Oil Prices Go Up

Despite all the skepticism around yesterday’s unofficial OPEC summit, the members of the cartel did finally manage to agree on production cuts for the benefit of higher oil prices as well as a more stable and stronger market of crude oil. Apparently, the breaking news instantly sent oil prices higher all around the globe.

 

 
Publication date: 29 September 04:30 AM

Samsung Loses $22 Billion of Market Cap in 2 Days

Samsung, the world-famous manufacturer of computer electronics from South Korea, saw its market capitalization shrink by as much as over 22 billion dollars in a matter of just 2 trading days. This happened amid a scandal with the new smartphone named Samsung Galaxy Note 7, Masterforex-V Academy reports.

Publication date: 13 September 05:29 AM

OPEC Wants Higher Oil Prices

According to the Algerian Minister of Oil, the oil prices around $50/b are unacceptable. During his visit to Iran. The minister told that oil prices should be at least between $50 and $60 per barrel. This statement was made during the discussion of the existing situation in the global market of crude oil as well as the ways and means to coordinate OPEC’s efforts to make the prices go higher, Market Leader reports.

Publication date: 08 September 12:40 PM

iPhone 7, with dual-lens camera and water-resistant

Finally, it's there! No more rumors and secrets! Yesterday, Apple introduced iPhone 7.

Publication date: 08 September 02:40 AM

Over 210 Tons of New iPhone 7 Are Ready For Sales

Chinese media report that the first shipment of iPhones 7 from Apple’s production facilities in China is underway.
 

 

The first portion of the long-awaited devices by Apple is going to be shipped to the USA, the United Kingdom, the Netherlands and Italy. All in all, there are 370 000 units already packed and shipped. According to the experts of Market Leader, their total weight is roughly above 210 tons. Some sources name a more precise weight, which is 221,5 tons.
Publication date: 07 September 03:24 PM

Crude Oil Depends On Oil Summit In Algeria

Unexpectedly for many of us, it is reported that Iran is planning to participate in the forthcoming oil summit in Algeria. The summit is going to take place in late September 2016. This makes us ponder upon the following questions:
What has actually changed since the last oil summit in Doha this spring? Why is Iran going to participate in the summit this time?
 
Publication date: 29 August 04:34 PM

Reasons To Buy Bitcoins Right Now

Not so long ago, the world’s first crypto currency reached $700 over the weekend. This is the highest gain over the last two years. At this point, experts say that this is probably not the end of it and the price may see further advancements over the recent months. Some of them say that the crypto currency may well nit the psychological level of $1000.

 

 
Publication date: 22 August 12:22 PM

Crude Oil May Drop Down To $35/b

Over the last 4 weeks, crude oil prices have already dropped over 20%, Masterforex-V Academy reports. At the same time, more and more representatives of the international expert community assume that the bears are going to dominate the market in the near future, with prices falling further down to $35/b.
 
Publication date: 03 August 08:21 AM

Obama Is Sure Crude Oil Prices Will Get Much Stronger

According to President Obama, oil prices will go much higher. It is just a matter of time, he says. This is what Mr. Obama told the audience during North American Leader’ Summit, which took place not so long ago in Ottawa, Canada.

 

 

Publication date: 12 July 05:26 AM

Silver Sets New Highs Amid Unstable Markets

Since international financial markets have become more unstable amid global economic and political uncertainty, more and more investors are fleeing risky assets for safe-haven assets like precious metals. As the result of this tendency, silver prices started a strong rally and quickly set a new 24-month high.
 
Publication date: 05 July 01:47 PM