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Friday, 31 July 20:57 (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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WTI Oil Drops Below $48/b

 

Market Leader reports that oil prices started going down again backed by the fear that the global supply is going to get even higher amid decreased demand. In particular, earlier today, WTI oil dripped below $48/b on its way down to further local lows.
Publication date: 27 July 09:04 AM

Garry Ross Predicts Higher Oil Prices – Up To $100/b By 2020

 

 

According to Garry Ross, the founder of of a consulting company named PIRA Energy Group, the existing oil prices around the globe cannot be considered as a steady trend. He says that you don’t have to be a rocket scientist to figure out that oil prices are going to recover up to $100 per barrel within he next 5 years.
 
Publication date: 22 July 10:01 AM

Apple Makes 92% of Global Smartphone Market Revenue

There are hundreds of companies manufacturing smartphones worldwide. Still, there is only one company in the world that is capable of making most of the revenue in the industry. In particular, 92% of the entire revenue generated in the global smartphone market belongs to Apple.

 
Publication date: 16 July 06:14 AM

Experts Don’t Believe In Oil Price Drop Because Of Iran

 

As you probably know, the talks on the Iranian nuclear program conducted in Vienna yesterday resulted in an agreement. The agreement let Iran get rid of the sanctions imposed by the West a couple of years ago.  Now, Iran seems to be going back to the global oil market as a major player.
Publication date: 15 July 03:16 PM

Fitch Predicts Higher Oil Prices Up To $65 Per Barrel

 

The experts working for Fitch, an international rating agency, has published a new forecast for Brent oil prices for the next 2 years, Market Leader reports. They assume that the cost of each barrel of Brent crude oil is going to be $65 in late 2015.
 
Publication date: 15 July 02:04 PM

Oil Prices Recover After Plunge

 

 

Over the last few days, the international community has been watching another plunge in the global market of crude oil. At this point, the price drop has been suspended and the price is currently trying to recover a bit of the value lost over the last couple of days.
Publication date: 09 July 07:17 AM

Experts Reveal Consequences of Stock Market Plunge in China

The recent stock market plunge in China cost the world’s second biggest economy at least 2 500 billion dollars of stock market capitalization.  That is the major reason why the Chinese stock market indexes have lost more than 30% of its value over the last few weeks, Masterforex-V Academy reports.

Publication date: 09 July 05:00 AM

Public Chinese Companies Banned From Stock Trading

The Chinese authorities have temporarily banned public Chinese companies from trading their stocks in order to reduce the increased volatility in the Chinese stock market and defend the interests of multiple investors, Market Leader reports.

 
Publication date: 08 July 03:45 PM

Microsoft Launches Groove instead of Xbox Music

 

Many of those who use Microsoft products were surprised by the corporations’ decision to abandon the Xbox Music brand, which took over 2 years to create and develop. The new release of Microsoft Windows, which is Windows 10 Insider Preview (it is going to be released in late July), is going to get Xbox Music replaced by a new app called Groove. This one is designed to let the user listen to audio tracks, the Hi-Tech Department of Masterforex-V Academy reports.
Publication date: 08 July 11:34 AM

Oil Prices Keeps Going Down Amid Greek Crisis

 

Oil prices have been going down since the start of the trading week. The key drivers that triggered to bearish momentum in the market of crude oil are the fear for the Chinese stock market as well as the excessive supply of crude oil worldwide. At the same time, the agreement regarding the Iranian nuclear program and the situation around Greece are also pressing the prices, Market Leader reports.
Publication date: 07 July 09:41 AM