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Wednesday, 25 May 12:47 (GMT -05:00)



Stock and commodities markets

All that glitters is not gold


 

Bond yields have risen again, the euro zone has been hit by a fresh wave of doubt over its ability to manage the sovereign debt crisis and the UK finds itself in recession once again, so why has gold fallen $40 per ounce this week?
 
To quote Shakespeare, “All that glitters is not gold; often you have heard that told”. Traditionally gold thrives in turbulent markets since it is regarded by investors as a safe haven asset, but a surprisingly strong U.S. dollar has quelled the price of gold. In fact the strong greenback has done more than just negate the euro zone impact; it has caused the price to retreat. As the graph below shows, gold has been locked in a downward trend channel this week. This is a perfect example of how one cannot hope to predict the movement of gold by looking at only one dimension; its valuation is the product of many variables.
 
Spot Gold (Dollars per ounce) for the week beginning April 30 th
 
The decline represents gold’s biggest weekly drop for a month as it plunged towards the psychological $1600 per ounce level.
 
The dollar has strengthened against a majority of major currencies resulting in dollar-priced commodities, such as gold, becoming weighed down. Far from the U.S, in India, a weak Indian Rupee has made dollar priced commodities relatively expensive for buyers, curbing demand in the world’s largest consumer of bullion.
 
U.S. non-farm pay rolls data fell short of expectations on Friday which did see gold briefly jump to $1640 per ounce; although moving outside the trend channel it almost instantly retreated back within the range. Lower than expected figures will further fuel speculation of more quantitative easing by the Federal Reserve, which would hurt the dollar and help gold reverse its recent losses.

 

 

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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