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Tuesday, 28 July 21:24 (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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Garry Ross Predicts Higher Oil Prices – Up To $100/b By 2020

 

 

According to Garry Ross, the founder of of a consulting company named PIRA Energy Group, the existing oil prices around the globe cannot be considered as a steady trend. He says that you don’t have to be a rocket scientist to figure out that oil prices are going to recover up to $100 per barrel within he next 5 years.
 
Publication date: 22 July 10:01 AM

Apple Makes 92% of Global Smartphone Market Revenue

There are hundreds of companies manufacturing smartphones worldwide. Still, there is only one company in the world that is capable of making most of the revenue in the industry. In particular, 92% of the entire revenue generated in the global smartphone market belongs to Apple.

 
Publication date: 16 July 06:14 AM

Experts Don’t Believe In Oil Price Drop Because Of Iran

 

As you probably know, the talks on the Iranian nuclear program conducted in Vienna yesterday resulted in an agreement. The agreement let Iran get rid of the sanctions imposed by the West a couple of years ago.  Now, Iran seems to be going back to the global oil market as a major player.
Publication date: 15 July 03:16 PM

Fitch Predicts Higher Oil Prices Up To $65 Per Barrel

 

The experts working for Fitch, an international rating agency, has published a new forecast for Brent oil prices for the next 2 years, Market Leader reports. They assume that the cost of each barrel of Brent crude oil is going to be $65 in late 2015.
 
Publication date: 15 July 02:04 PM

Oil Prices Recover After Plunge

 

 

Over the last few days, the international community has been watching another plunge in the global market of crude oil. At this point, the price drop has been suspended and the price is currently trying to recover a bit of the value lost over the last couple of days.
Publication date: 09 July 07:17 AM

Experts Reveal Consequences of Stock Market Plunge in China

The recent stock market plunge in China cost the world’s second biggest economy at least 2 500 billion dollars of stock market capitalization.  That is the major reason why the Chinese stock market indexes have lost more than 30% of its value over the last few weeks, Masterforex-V Academy reports.

Publication date: 09 July 05:00 AM

Public Chinese Companies Banned From Stock Trading

The Chinese authorities have temporarily banned public Chinese companies from trading their stocks in order to reduce the increased volatility in the Chinese stock market and defend the interests of multiple investors, Market Leader reports.

 
Publication date: 08 July 03:45 PM

Microsoft Launches Groove instead of Xbox Music

 

Many of those who use Microsoft products were surprised by the corporations’ decision to abandon the Xbox Music brand, which took over 2 years to create and develop. The new release of Microsoft Windows, which is Windows 10 Insider Preview (it is going to be released in late July), is going to get Xbox Music replaced by a new app called Groove. This one is designed to let the user listen to audio tracks, the Hi-Tech Department of Masterforex-V Academy reports.
Publication date: 08 July 11:34 AM

Oil Prices Keeps Going Down Amid Greek Crisis

 

Oil prices have been going down since the start of the trading week. The key drivers that triggered to bearish momentum in the market of crude oil are the fear for the Chinese stock market as well as the excessive supply of crude oil worldwide. At the same time, the agreement regarding the Iranian nuclear program and the situation around Greece are also pressing the prices, Market Leader reports.
Publication date: 07 July 09:41 AM

HTC Announces New LTE Smartphone

 

According to HTC, the company is getting ready to launch a new LTE smartphone. In particular, this device is going to support 4G LTE networks. These technology is currently being tested in the USA by the FCC.  The official FCC website says that a device with a identification number FCC NM80PM9110 is going to support 5 networks - — 700 MHz, 850 MHz, 1700MHz, 1900MHz and 2600MHz for FDD-LTE 4G,the Hi-Tech Department of Market Leader reports. The new device is also going to support Wi-Fi 802.11 b/g/n and Bluetooth.
Publication date: 02 July 04:59 AM