Heroes of Ukraine

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

Friday, 24 February 22:36 (GMT -05:00)



Stock and commodities markets

Gold And Silver: Daily Market Outlook. May 17th 2012

Gold And Silver: Daily Market Outlook. May 17th 2012

 

 

Stock markets lost over $3 trillion on Greek news. The next round of parliamentary elections are seen as a referendum of the eurozone membership. The ECB has suspended the lending for several Greek banks.

 

 

 

 

 

 
Yesterday’s FOMC meeting minutes testify that most FOMC members support further economic stimulation if the pace of economic growth slows down. The manufacturing production is growing better than expected. The production capacity index has increased as well. President Obama insists on raising the borrowing limit for the US Government without additional public spending cuts.
 
Japan’s GDP report came out better than expected. The manufacturing production report showed some growth as well. Analysts expect China to resume the high pace of economic growth.
 
Amid the eurozone uncertainty and the rumors connected with another round of quantitative easing, the demand for gold and other precious metals increased yesterday.
 
According to Asian dealers, platinum is getting more popular with Indian jewelers. The reason is that platinum has recently been traded at a discount as compared with gold. This tendency is clearly seen in big cities.
 
Forecast
 
According to the Commodity Trading Department of Masterforex-V Academy, today gold may continue its rally if the price consolidates above 1549. If this is the case, the closest targets will be around 1560, 1575, 1595. A failure to consolidate above 1549 may result in a test of 1540. If an H1 price bar closes below 1536 the probability of going down to 1510, 1500 will increase.
 
 Silver is expected to test the 27.75 resistance. On consolidating above 27.8, the price may rally further up to 28.0, 28.25. Alternatively, a failure to consolidate above 27.80 will probably resume the downtrend with targets around 27.40, 27.25. A break and consolidation below 27.15 will intensify the downswing. In this case, it may well touch 27.0, 26.75, and even 26.50.
 

 

 

графики

 

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

 

Add to blog
Got a question? – Ask it here »
 

OPEC Doesn't Like Russia's Pace of Oil Production Cut

As expected by international experts, the ambitious plan of cutting oil production by OPEC and other oil producers led by Russia are seeing some difficulties during the implementation phase. The OPEC is indicating slower-than-expected oil production cuts in 4 non-OPEC countries participating in the agreement.

 

 

 

Publication date: 19 February 11:29 PM

Mexico & US Cotton Trade Post-NAFTA - Dukascopy TV

2017 is a good year for Cotton farmers.

Louis Rose, President of Risk Analytics

Publication date: 15 February 06:29 AM

«A Trump Weak USD Good For Gold» - Dukascopy TV

Have fundamental drivers for gold changes since Donald Trump gained presidency?

Alasdair Macleod, Gold Money

Publication date: 15 February 06:25 AM

A Macro Insight to Moving Crude Prices - Dukascopy TV

Will Shell producers keep pumping oil?

Chris Kairinos, Rand Merchant Bank

Publication date: 15 February 06:22 AM

Economic Calendar by Dukascopy 15.02.2017

Wednesday, the 15th of February, is a busy day, so let's take a closer look with the Economic Calendar.
UK Labour Report for January is up first at 9:30 AM. The unemployment rate has stood at the same low level for the past 3 months, although it has had little effect on monetary policy.

Publication date: 15 February 06:17 AM

Economic Calendar by Dukascopy 14.02.2017

Tuesday brings plenty of high importance news releases, so let's take a closer look with the Economic Calendar.
The closely watched preliminary reading of German fourth quarter GDP is up first at 7. The third quarter data surprised on the downside, posting the weakest growth in 2 years.

Publication date: 14 February 08:00 AM

Could Canada Get Silicon Valley From Trumps H1B Visa Policy - Dukascopy TV

Policies that discourage immigration to the usa could be good for Canada if our policy makers take advantage of them.

USD/CAD Krishen Rangasamy, National Bank of Canada

Publication date: 13 February 10:21 AM

Economic Calendar by Dukascopy 13.02.2017

Hello traders, you're watching the Dukascopy Economic Calendar for Monday, the 13th of February.
The schedule actually starts on Sunday, as the closely watched preliminary fourth quarter Japanese GDP is out at 11:50 PM. The third quarter data came in stronger than expected, following a point 2% gain the previous quarter.

Publication date: 13 February 09:04 AM

Trump Tries To Strength Yuan - Dukascopy TV

President Trump will try to convince China to strengthen its currency, but they are already doing a lot.

Allan Von Mehren, Danske Bank

Publication date: 10 February 10:19 AM

Economic Calendar by Dukascopy 10.02.2017

Friday brings a number of known market movers, so let's take a closer look with the Economic Calendar.
Starting things off at 9:30 in the morning are two news releases regarding the UK economy in December, and Industrial Production is one of them. Output returned to growth in November, but the strong gain did come from several one-off factors and this release is expected to show a more modest increase.

Publication date: 10 February 08:02 AM