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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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The expense of gold on today's offering arrived at 1266, 28 dollars for every ounce, pointed in Optionova

On today's, the exchanging cost of gold stays stable even against the foundation of moderately frail business sector detail of the American work and geopolitical strains in Eastern Europe on the region of Ukraine, composes Reuters.  

Publication date: 09 September 10:06 PM

Kazakhstan's gold, FOREX reserves rose $27.1 billion in August

Kazakhstan's gold and FOREX reserves settled at $27.1 billion last month, a 0.7 billion increase from the country’s July reserves of $26.4 billion, Kazakhstan’s Central Bank revealed on Monday.  

Publication date: 09 September 05:26 PM

Index S&P five hundred once more went for a record figure in 2003, 37 points, pointed in Optionova

Growth of the S & P five hundred was zero.33%, setting a brand new record at the amount of 2003.37 points. Thus, on the last operating day of August, was detected the historical most, writes Bloomberg.  

Publication date: 01 September 09:21 AM

Expense of oil gas Expanded for 21% in Europe, noted in Optionova

The expense of the European characteristic gas recuperates after greatest decrease in 5 years in the midst of expanding reasons for alarm that the clash in the middle of Ukraine and Russia could prompt disturbances in the supply of gas, composes finanz.ru.
 

Publication date: 20 August 04:59 PM

Palladium picked up in cost till the record throughout the previous 13 years, pointed in Optionova

Development of palladium stock quality developed to greatest from 2001 against the foundation of worries about the absence of supply of this metal on the world market.  

Publication date: 19 August 07:55 AM

Volume of immediate outside ventures in the Chinese economy diminished for 17 %, said in Optionova

Immediate outside speculations of FDI in the economy of territory China before the end of July in the not so distant future arrived at the level of $ 7 billion 810 million dollars, which is 16.95% lower than in the same time of 2013. Such information are advertised by the Head of Service of Business in China Shen Danyang.  

Publication date: 18 August 06:27 AM

IQ Option: Beneficial Binary Options Trading

Binary options are some of those relatively new and unconventional assets that let you trade other conventional markets much easier, without too sophisticated analysis. Binary options are derivatives. You can trade binary options on various underlying assets such as currencies, commodities, indices and stocks. With that said, you can come to binary options industry pretty easily, whether you are rookie, or an expert trader in any of the mentioned conventional assets.

 
Publication date: 15 August 11:50 AM

GDP level of France stayed unchangeable focused around the second quarter results, figured out in Optionova

The level of French GDP for the second quarter of this current year stayed unaltered against the first quarter of this current year, when any progress was not watched. These preparatory factual information distributed by the National Measurable Office of France Insee.  

Publication date: 14 August 08:27 AM

Indonesia will not lift a ban on the export of nickel, mentioned in Optionova

The new legislature of Indonesia will keep a boycott on fares of mineral metals, subsequent to, because of the measure in the part of handling of crude materials in the nation by 2017; will be contributed about $ 18 billion dollars. This was accounted for by the Service of Vitality and Common Assets.  

Publication date: 13 August 07:58 AM

Development of oil costs proceeds the premise of further geopolitical dangers, noted in Optionova

Yesterday's exchanging on the London Trade finished with expansion of costs for "dark gold". Before the end of the session at the site of the London Intercontinental Swapping scale of citations for the supply of oil brand Brent, which is concentrated from diverse wells in the North Ocean, expanded by $ 0.66., And before the day's over remained at 105.59 dollars for barrel, specified the specialists of the Binary Options Brokers of Optionova.
 

Publication date: 11 August 05:03 PM