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Sunday, 25 February 05:43 (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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Is crude oil really expensive today?

Oil expert Sergei Shelin decided to share with us his thoughts on the processes currently going on in the global oil market. In particular he thinks that crude oil has been struggling to consolidate around 70 dollars per barrel but the thing is that even the world's biggest oil producers and exporters don't believe in high oil prices in the future.


Publication date: 01 February 10:38 AM

Three Big Questions Related to Oil Prices

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Publication date: 30 January 02:12 AM

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Publication date: 23 January 05:44 AM

U.S. DoE Predicts Oil Market Oversupply over the Next 2 Year

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Publication date: 16 January 11:46 AM

Brent Oil Is Getting Closer to $70/b, Provoking a Shale Storm

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Publication date: 11 January 11:59 AM

OPEC Nations Don’t Want $60/b

The OPEC doesn't seem to be interested in oil prices above $60/b. At least this is what the Iranian Minister of Oil said the other day. By the way, Iran is the OPEC’s third-biggest producer of crude oil.

Publication date: 10 January 03:45 AM

Investment Banks Make Controversial Oil Forecast for 2018

After the OPEC+ deal was extended not so long ago, several investment banks changed their predictions for the global oil prices in 2018. Bloomberg tried to compile those prediction into a single article. 

Publication date: 02 January 11:44 AM

CBOE Launches World’s First Bitcoin Futures

As promised, the CBOE launched the world's first Bitcoin futures on December 10th at 15 p.m. Central Standard Time (CST). The first BTC futures trading session started at 15000 USD/BTC. Within the first couple of minutes, there were 150 transactions processed. Over the first 20 minutes, the exchange rate increased up to 15940 USD/BTC. Lateronitwenttemporarilyupto 16600 USD/BTC.

Publication date: 11 December 02:26 AM

American Shale Oil Producers Enjoy OPEC+ Deal Extension

On the last day of November, the OPEC and several non-OPEC oil exporters met in Vienna to discuss the future of the global oil market during the OPEC summit. The summit ended with extending the OPEC+ deal until the end of 2018. Experts say this decision means the OPEC+ participants have lost the long-term oil war with American shale oil companies.

Publication date: 03 December 11:03 PM

OPEC Is Worried About U.S. Shale Oil Production Prospects

The OPEC is concerned that their American rivals producing shale oil may catch at the chance given them by the OPEC+ deal. The deal is aimed to cap oil production and restore the market balance in favor of higher oil prices. The OPEC+ agreement is likely to be extended during the forthcoming OPEC summit on November 30th in Vienna, Austria.

 
Publication date: 29 November 11:49 AM