- Analytics
- News and Tools
- Market News
Analytics, News, and Forecasts for CFD Markets: raw news — 19-07-2012.
Gold is expensive because of the weakening of the dollar after weak macro statistics. According to published reports, home sales in the secondary market in June, contrary to expectations, fell, and up to 8-month low - amounted to 4.63 million in May a revised level of 4.62 million, experts on average were expecting a slight increase in sales.
The remaining statistics are also disappointed - the index of leading indicators in June fell by 0.3%, is stronger than expected, and the index of the Philadelphia Fed business activity in July was -12.9 points at medium level projections for -8 points.
August gold futures on the COMEX today rose to 1591.5 dollars per ounce.
Resistance of 3:1624 (high of June)
Resistance of 2:1614 (resistance line from June 6)
Resistance of 1:1600 (Jul 10 and 17 highs)
Current Price: 1586.90
Support 2:1564 (support line from May 16)
Support 2: 1548 (low of June)
Support 3: 1527 (low of May)
Resistance 3:96,40 (MA (200) for D1)
Resistance 2:95,00 (61,8% FIBO 106,10-77,20)
Resistance 1:91,70 (50,0% FIBO 106,10-77,20, Jun 29 high, session high)
Current Price: 91.69
Support 1:89,60 (bottom border of up channel from Jul 12)
Support 2:88,30 (Jul 18 low)
Support 3:87,20 (Jul 17 low)
Oil advanced to the highest level in seven weeks on rising concern that the Middle East will lose stability and speculation that governments will act to spur economic growth.
Prices gained as much as 1.8 percent as Israeli Prime Minister Benjamin Netanyahu threatened a forceful response against Iran, which he blamed for a suicide attack in Bulgaria that killed Israeli tourists, and as Syrian government forces battled rebels in Damascus. China has “relatively large” room to boost fiscal spending to support economic growth, a government researcher said.
Federal Reserve Chairman Ben S. Bernanke said on July 17 policy makers are studying options for further easing that could be deployed in case economic growth remains too feeble to produce a lasting decline in unemployment.
Crude for August delivery rose to $91.86, the highest intraday level since May 29.
Brent oil for September settlement advanced $1.77, or 1.7 percent, to $106.93 a barrel on the London-based ICE Futures Europe exchange.
Change % Change Last
Gold 1,573 -17 -1.04%
Oil 89.95 +0.73 +0.82%
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
