«Market Leader» - news and previews making you rich.

Search »

Masterforex-V: Documentary on Forex – What Don’t We Know?

Tips For Forex Traders: +144% In 10 Days

The Washington Post On European Crisis and Euro

Masterforex-V Expo: Best Forex Brokers. April 2013

Masterforex-V Expo: Rating of ECN Brokers

Masterforex-V Books

Market Leader Free Newsletter

Stock and commodities markets

Gold And Silver: Daily Market Outlook. May 3rd 2012

03 May 08:25 AM

The eurozone’s manufacturing PMI came out slightly worse than expected. Germany’s unemployment and manufacturing production report also disappointed investors. Now it seems that the crisis has reached the heart of the eurozone economy.

The current economic situation may force the ECB into changing its mind and going back to economic stimulation. However, the ECB is unlikely to announce any new stimuli during today’s press conference. Today’s Spanish bond auction is expected to end up with a yield increase.

In the meantime, the US manufacturing orders report showed a less-than-expected decline. The employment change report also came out less than expected, thus suggesting instability in the world’s major economy. Now everyone expects an unpleasant surprise during Friday’s employment report. However, the US economy is still showing some faint growth.

China, Japan and South Korea agreed to expand mutual investments in their T-bonds. The overall bond market of the 3 Asian giants is estimated at $15 trillion. China’s service PMI declined against last month but remained above 50.

India’s import of gold keeps going down. Last month India imported 30-35 tons of gold against 90 tons imported in 2011.

According to the US Mint, April’s gold coin sales were the lowest since 2008.

Forecast.

According to the Commodity Trading Department of Masterforex-V Academy, gold is in a bearish trend. The probable targets are 1640, 1633 and maybe 1625. There is still a chance of testing 1653-1654. However, a further downtrend is more probable. A break and consolidation above 1654 will give way to 1665, 1675.

As for silver, it is expected to test 30.25, 30.0, 29.90. However, a test of 30.60-30.6 is still possible as well. A break and consolidation above 30.65 will give way to 30.75, 30.90-31.0.

You are free to discuss this article here: forum for traders and investors

Got a question? – Ask it here »

Hot news

Schools of Managers: Why Brokers Need Successful Managing Traders

European Stock Indices Break Records

Asian-Pacific Stock Indices Close Bullish

Silver Prices Drop To 2010 Lows

European Stock Indices Break Records

European stock indices have started this trading week positively and are currently trading in the green zone. Some indices keep making new 5-year highs.

Publication date: 20 May 08:55 AM

Asian-Pacific stock indices closed today’s trading session in the green zone.

Publication date: 20 May 08:44 AM

Today’s trading session has been bearish for precious metals. Silver prices are down to the lowest level since September 2010. However, the ratio between god and silver prices has reached the highest level in 33 months. Gold has been depreciating for 8 consecutive trading sessions in a row for the first time in 4 years.

Publication date: 20 May 08:04 AM

Go and conquer new dimensions of thinking.
B. Werber

These days anyone may work at forex market. However, stable earning on a regular basis is only for those traders that are ready to “conquer new dimensions of thinking”, have adequate reaction to any changes at rapidly progressing markets, and remain cold-minded when taking informed decisions on the basis of thorough analysis.

Publication date: 18 May 04:11 AM

Wal-Mart Stores Inc., the world’s biggest chain of retail stores, has recently reported on its financial performance in Q1 2013. The report seems to have match analyst expectations.

Publication date: 17 May 01:22 PM

It’s been almost 12 months since Facebook’s IPO. Most investors are still pondering whether they made a mistake by investing in Facebook’s stock. Some experts say that this was one of the most significant IPOs in the 21^st century. However, many investors eventually suffered major losses since the IPO wasn’t successful.

Publication date: 17 May 01:10 PM

Asian-Pacific stock indices have closed this trading week in the green zone. Topix, a Japanese index, gained 0.6% during the trading session, which is the biggest daily increase since 2008.

Publication date: 17 May 11:39 AM

Dell, a US manufacturer of computer electronics, keeps trying to stay afloat in the highly-competitive computer industry. However, there has been no positive outcome so far.

Publication date: 17 May 11:22 AM

Toyota, a Japanese motor giant, outpaced Samsung, a South Korean manufacturer of electronics, in terms of market capitalization, thereby becoming the most expensive private company in Asia.

Publication date: 17 May 11:01 AM

Google and Microsoft are having disputes once again. This time it is all about the mobile version of YouTube. According to several internet sources, both the companies created mobile apps so that users could watch YouTube videos on Android-powered and Windows-powered smartphones.

Publication date: 17 May 09:33 AM

Other media

«Market Leader» - news and previews making you rich.

Stock and commodities markets

Gold And Silver: Daily Market Outlook. May 3rd 2012

European Stock Indices Break Records

Asian-Pacific Stock Indices Close Bullish

Silver Prices Drop To 2010 Lows

GKFX: Updated “Market Depth” for MT4 – for Those who Want to Win

Wal-Mart Sees 1.1% Income Boost

Facebook: Consequences of Last Year’s IPO

Asian-Pacific Stock Indices Close Bullish, With New Records

Dell’s Weak Report Disappoints Investors

Toyota Outpaces Samsung In Terms Of Capitalization

Google and Microsoft Quarrel Over YouTube