FOREXYARD: Forex News Blog

---

Bullion Outlook For The Week Posted: 02 Apr 2012 06:10 AM PDT Both Gold and Silver prices did not perform much during the last couple of weeks despite seeing some sharp movements in that time.By the end of March Gold prices lost 2.3 percent while Silver saw bigger losses of 6.23%. Precious Metal movements this week should revolve mainly around the U.S Labor report and the whether it will be be another good month for employment.Currently gold and silver prices are showing some slight downward movements, but there are a number of economic reports due to come out today which could interfere with the metal’s movements including the U.S ISM manufacturing PMI,Euro Area Unemployment Rate and Australian Retail Sales. The ISM Manufacturing PMI will refer to the monthly development in the manufacturing sector during March 2012. During February, the index dropped to 52.4 percent showing that the sector is still gorwing, but at a slower pace. The result could possibly affect the currency markets and potentially crude oil. In regards to the Australian Retail Sales, the report will examine the developments in  the nation’s retail sales for February 2012.The report could affect the movements of the Australian Dollar. To conclude, the two metals did not do much during the previous few trading weeks , however things may begin to happen again especially if the speculation regarding another stimulus plan by the Federal Reserve comes back into play.The economic reports that are scheduled to be released today will show progress of the U.S economy and if the figures continue to increase, it could lower the possibility of another QE program and as a result, lower gold and silver prices.

Crude Oil Drops Over Worries of Strategic Supply Release Posted: 02 Apr 2012 05:37 AM PDT Crude Oil prices dropped further today as there has been some speculation over strategic supply releases.The Price of Crude on NYMEX fell 0.5% to $102.48 per barrel, cancelling out the modest gains made during the Asian trading session. Crude Oil ended the quarter with a 4.2 percent gain as the commodity rose 0.2 percent on Friday’s trading.The Price of crude dropped to $102.13 on March 29th which was its lowest rate since Mid- February.Overall, Crude prices dropped 3.8 percent for March. A bearish tone was lingering in the Crude Oil market during last week due to the speculation regarding the release of emergency oil supplies from a number of developed nations. We should see Crude prices move this week as there are a number of significant and highly anticipated reports to be published. The ADP estimate of US non-farm payrolls will be released on Wednesday followed by the Non -farm payrolls report coming out on Friday. Apart from these two reports,this first week of April hold several economic events and decisions which could stir up the financial markets. Among the reports be to released are the U.S Manufacturing PMI,GB Rate Decision,FOMC Minutes,GB manufacturing  production,RBA cash rate decision, the EU unemployment rate and the G7 Meeting. The most anticipated news event of the Month will be the Non-Farm Payrolls. The fiigures will be released on Friday 6th April at 13:30pm. In the recent March report regarding  February 2012, the labour market continued to improve as Non-farm employment rose by 227,000 whilst the U.S unemployment rate remained unmoved at 8.3 percent. This report could affect the U.S dollar and from that, could go on to affect commodity prices such as Gold, Silver and Crude Oil.

You are subscribed to email updates from Forex Trading Education : Forex Trading Blog by FOREXYARD To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610