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Bernanke Says It’s Premature To Curtail QE
EURUSD: Rapid Decline and Consequences
FBS: Beneficial Affiliate Program
Stock and commodities markets
Apple Reports About Forthcoming Upgrades Of MacBook Air
Japanese Stock Market Goes Red Amid Stronger Yen
Gazprom Sees Income Decline. Possible Threats For Russia?
European Stock Indices Go Red
Apple Is Planning To Patent Social Camera Flash
US Stock Indices Show Weak and Multidirectional Dynamics
Apple Reports About Forthcoming Upgrades Of MacBook Air
Japanese Stock Market Goes Red Amid Stronger Yen
Gazprom Sees Income Decline. Possible Threats For Russia?
European Stock Indices Go Red
Apple Is Planning To Patent Social Camera Flash
US Stock Indices Show Weak and Multidirectional Dynamics
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Stock and commodities markets
Gold And Silver: Daily Market Outlook. July 26th 2012
26 July 08:05 AM
All the German economic indicators came out worse than expected yesterday. Markets instantly reacted to the ECB’s statement that there are chances of giving the ESM a banking license. The news provided support to the common currency, probably a temporary one.
According to Citigroup, Greece will most likely leave the eurozone within 12-18 months. The chances are 90%.
Yesterday’s new home sales report from the USA showed some growth but failed to come up to analysts’ expectations. The amount of mortgage claims declined dramatically. Today’s durable goods orders report is expected to show a slowdown as well. Market participants will also be looking for unemployment stats. In the meantime, investors are still waiting for the Federal Reserve to clarify the situation around QE3.
Meanwhile, analysts report about a continued increase in gold production costs. The world’s major gold miner may report about a 28% increase (y/y).
A new gold storage is expected to enter service in Hong Kong this September. Its capacity is estimated at 1000 tons or 22% higher than the one of Fort Knox.
European problems hinder auto production. In its turn, this factor affects platinum prices, despite the fact that there are strikes at South Africa’s major platinum mines.
Singaporean dealers report about higher sales of secondary gold.
In the meantime, the Israeli Minister of Defense calls on the world’s major powers to urge Iran to stop its nuclear program. Otherwise, when Iran is ready to produce nuclear arms, the program will be much harder to stop.
Today’s forecast:
According to the Commodity Trading Department of Masterforex-V Academy, gold is expected to test the support located at 1600. A break below 1600 will probably start a bearish move down to 1592, 1583, 1575. Alternatively, a failure to consolidate below 1600, followed by a break above 1605, may well initiate a rally up to 1608, 1617, and even 1625.
Silver is expected to test 27.15-27.10 on condition that the price consolidates below 27.23. A break above 27.35 will give way to 27.5-27.55. In order to resume the rally, the price will have to consolidate above 27.55. Alternatively, a failure to stay above 27.45 may force the price bank into the current price range, down to 27.25.
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Apple Reports About Forthcoming Upgrades Of MacBook Air
Apple, the famous American tech giant, has recently reported about its plans to upgrade the MacBook Air series. Internet sources report that the company is currently working on hardware upgrades.
Publication date: 23 May 03:53 PM
Japanese Stock Market Goes Red Amid Stronger Yen
The current strengthening of the Japanese Yen seems to be the major reason for today’s decline seen in the Japanese stock market. This is the biggest daily decline in 2 years.
Publication date: 23 May 06:18 AM
Gazprom Sees Income Decline. Possible Threats For Russia?
Negative forecasts for Gazprom’s future have become a routine for analysts and strategists from around the world, including Russia, China, Great Britain and the USA. While some of them can be treated as a means of info wars, most doomsday predictions are so old that they shouldn’t be considered seriously by market participants.
Still, there are some objective negative tendencies and factors. In particular, Gazprom has recently seen an income decline. What are the reasons behind it and what are the threats to the Russian energy-dependent economy?
Publication date: 22 May 08:06 AM
European Stock Indices Go Red
European stock indices are trading in the red zone in advance of the forthcoming EU summit and US economic reports. European leaders are planning to discuss the ways and means to fight tax laundering.
Publication date: 22 May 07:24 AM
Apple Is Planning To Patent Social Camera Flash
A couple of days ago Apple, the famous tech giant, applied for another patient. This time the tech corporation is planning to patient the so-called “social camera flash”.
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Publication date: 21 May 03:04 PM
Asian-Pacific Indices Go Red
Asian-Pacific stock indices closed today’s Asian trading session in the red zone. Yesterday, indices reached their 5-year highs. Therefore, today’s retracement looks neutral.
Publication date: 21 May 09:01 AM
European Stock Indices Go Red On Poor Reports
European stock indices are trading in the red zone today amid weak quarterly reports published by several European companies.
Publication date: 21 May 07:57 AM
Brent Comes Close To $105/b.
On Monday, Brent oil was trading around $105/b, taking into account positive economic stats and stock market growth along with moderate forecasts for oil demand and stocks.
Publication date: 20 May 05:54 PM
Investors Should Get Ready For Further Monetary Stimuli
Lower inflation in the UK amid brighter prospects of the British economy may well give the Bank of England a few extra weapons in its arsenal of economic stimuli. This is what Martin Weale, an MPC member, thinks on the issue.
Publication date: 20 May 05:22 PM