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Wednesday, 29 March 03:05 (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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Brent Oil Drops Below $50/b For The First Time Since November 2016

Today, on March 22, the price of one barrel of Brent oil dropped below $50 for the first time since November 2016. The thing is that crude oil prices crashed almost instantly after another weekly report indicated an increase in U.S. crude oil inventories, Market Leader reports.

 

 
Publication date: 22 March 11:57 AM

WTI Oil Prices Drop Below $50/b

The cost of the WTI crude oil produced in the United States has dropped below the threshold of 50 dollars per barrel. This is reported to be the lowest price level since December 2016. Strange as it may seem, all of that happened despite the attempts made by the world’s leading oil producers to cut their oil production according to the so-called Vienna Accord aimed at restoring the market balance and push oil prices higher.
 
Publication date: 11 March 03:32 AM

OPEC Doesn't Like Russia's Pace of Oil Production Cut

As expected by international experts, the ambitious plan of cutting oil production by OPEC and other oil producers led by Russia are seeing some difficulties during the implementation phase. The OPEC is indicating slower-than-expected oil production cuts in 4 non-OPEC countries participating in the agreement.

 

 

 

Publication date: 19 February 08:29 PM

Mexico & US Cotton Trade Post-NAFTA - Dukascopy TV

2017 is a good year for Cotton farmers.

Louis Rose, President of Risk Analytics

Publication date: 15 February 03:29 AM

«A Trump Weak USD Good For Gold» - Dukascopy TV

Have fundamental drivers for gold changes since Donald Trump gained presidency?

Alasdair Macleod, Gold Money

Publication date: 15 February 03:25 AM

A Macro Insight to Moving Crude Prices - Dukascopy TV

Will Shell producers keep pumping oil?

Chris Kairinos, Rand Merchant Bank

Publication date: 15 February 03:22 AM

Economic Calendar by Dukascopy 15.02.2017

Wednesday, the 15th of February, is a busy day, so let's take a closer look with the Economic Calendar.
UK Labour Report for January is up first at 9:30 AM. The unemployment rate has stood at the same low level for the past 3 months, although it has had little effect on monetary policy.

Publication date: 15 February 03:17 AM

Economic Calendar by Dukascopy 14.02.2017

Tuesday brings plenty of high importance news releases, so let's take a closer look with the Economic Calendar.
The closely watched preliminary reading of German fourth quarter GDP is up first at 7. The third quarter data surprised on the downside, posting the weakest growth in 2 years.

Publication date: 14 February 05:00 AM

Could Canada Get Silicon Valley From Trumps H1B Visa Policy - Dukascopy TV

Policies that discourage immigration to the usa could be good for Canada if our policy makers take advantage of them.

USD/CAD Krishen Rangasamy, National Bank of Canada

Publication date: 13 February 07:21 AM

Economic Calendar by Dukascopy 13.02.2017

Hello traders, you're watching the Dukascopy Economic Calendar for Monday, the 13th of February.
The schedule actually starts on Sunday, as the closely watched preliminary fourth quarter Japanese GDP is out at 11:50 PM. The third quarter data came in stronger than expected, following a point 2% gain the previous quarter.

Publication date: 13 February 06:04 AM