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Thursday, 26 May 04:41 (GMT -05:00)



Stock and commodities markets

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


 

 

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.

 


 

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Kuwait Oilers Expect Oil Prices Under $50/b

Some representatives of Kuwait’s oil industry see no fundamentals for much higher oil prices above $50/b in the near future. At the same time, they rate OPEC’s strategy aimed at preserving the cartel’s market share as successful. The Kuwait Minister of Oil says that until the end of this year, the global market of crude oil may have got its balance restored to see the prices settle around $50/b, Masterforex-V Academy reports.

Publication date: 20 May 05:32 AM

Goldman Sachs Doesn’t Deny Lower Oil Prices

American oil companies are not going to make some fundamental changes in case oil prices start going up and down within the $30-35/b range. The thing is, such prices are said to be still comfortable for them.

 


According to Goldman Sachs Group Inc., oil prices around $35/b are neither too high not too low. They say this is may well be the price to start buying the stocks of American oil producers and miners. Even if there is a period of prices between $30/b and $35/b, they are still not going to make any serious changes to their policies, especially as the companies expect WTI prices to go all the way up to $55-60/b in a more distant future. Goldman Sachs experts say this may happen in 2017.
Publication date: 04 May 11:17 AM

Oil Prices Above $50/b Will Do For Oil Producers

Bloomberg experts have named new oil prices appropriate for the world’s major oil exporters to avoid losses and make at least tiny profits. They rely their projections on the recent research made by Wood Mackenzie, a consulting company saying that at $53/b and above, the world’s 50 major oil companies will stop suffering losses and start capitalizing on their oil exports to some extent.

Publication date: 04 May 11:09 AM

BMI Predicts Average Brent Oil Price At $46,5/b In 2016

This year, the average price of Brent oil may reach $46,5 per barrel, the experts for BMI Research assume. To be more specific, they have improved their oil prediction by 16%. The previous report was $40 per barrel.

 

 
Publication date: 04 May 07:34 AM

Bloomberg Names Appropriate Oil Prices

Bloomberg experts have named new oil prices appropriate for the world’s major oil exporters to avoid losses and make at least tiny profits. They rely their projections on the recent research made by Wood Mackenzie, a consulting company saying that at $53/b and above, the world’s 50 major oil companies will stop suffering losses and start capitalizing on their oil exports to some extent.

 

 
Publication date: 03 May 10:40 AM

Chinese Insiders Confirm Moisture Protection of Apple iPhone 7

The opening of iPhone 7 is not going to be held not very soon, but various rumors about the specialty are appearing on an incredibly regular basis. The seventh model has been expected to be a minor update of “apple” gadget, but, judging by information from Chinese insiders, this is not exactly so. Apple has been reported to have finished the latest testing of iPhone model 7, which has been followed by some unofficial details about characteristics of the device.

Publication date: 03 May 08:47 AM

U.S. Oil Companies Can Survive At $35/b

American oil companies are not going to make some fundamental changes in case oil prices start going up and down within the $30-35/b range. The thing is, such prices are said to be still comfortable for them.

 

 

Publication date: 03 May 06:20 AM

World Bank Raises Oil Forecast 2016

It is interesting to watch more and more experts improving their oil forecasts for 2016. The World Bank experts are some of them. To be more specific, they expect the oversupply currently seen in the global market of crude oil to shrink in the coming months. If that’s the case, this is definitely going to push oil prices higher.

Publication date: 28 April 10:19 AM

Apple Sees Its Stock Crash By 7% On NASDAQ Opening

It is reported that Apple’s stock has lost 7% of tis value in an instance straight after NASDAQ opened. At the same time, Market Leader reports that since the latest quarterly report, Apple have lost 30 billion dollars of its market capitalization. To be more specific, the market cap of dropped by 7,5% all the way down to 526 billion dollars just in 30 minutes after yesterday’s NASDAQ opening.

 

 

 

Publication date: 28 April 07:58 AM

Experts On Why You Shouldn’t Trust Short-Term And Mid-Term Oil Forecast

After most of the fundamentals out there were priced into the market, crude oil turned into the most unpredictable asset to trade. Undoubtedly, when another major wave of the global financial crisis is picking up speed, the bearish bias is stronger than the bullish one over the long term. That said, the likelihood of oil prices seen further lows is higher than another major rally in he international market of crude oil. Still, if to consider the short-term and mid-term perspectives, the situation looks rather ambiguous.

 

 
Publication date: 27 April 07:29 PM