DailyMarkets.com - Gold To Rise As Crude Oil Declines If US Jobs Data Disappoints |
- Gold To Rise As Crude Oil Declines If US Jobs Data Disappoints
- India Cuts Rate 25 Bps, Says Little Room For Further Easing
- Negative Divergences
| Gold To Rise As Crude Oil Declines If US Jobs Data Disappoints Posted: 03 May 2013 02:44 AM PDT Gold prices are likely to rise on Dollar weakness while crude oil falls amid global growth fears if April's US jobs data falls short of economists' expectations. Crude Oil and Copper to Follow Stocks Lower if US Jobs Data Disappoints All eyes are on the US Employment reportinto the end of the trading week. Expectations call for the economy to add 140,000 jobs in April, marking an improvement from the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards |
| India Cuts Rate 25 Bps, Says Little Room For Further Easing Posted: 02 May 2013 11:27 PM PDT India’s central bank cut its policy rate by 25 basis points to 7.25 percent, as expected by most economists, but added there were significant upside risks to inflation so there is little room for further easing of its monetary stance. |
| Posted: 01 May 2013 12:50 AM PDT Further to my last post (see Sell in May?) I am seeing more negative divergences that create more concerns for the bull case. The recent rally, which has been led by the golds and deep cyclicals, have all the appearances of a dead cat bounce rather than the start of a sustainable advance. Last week, I suggested that traders should watch the silver/gold ratio for signs of a sustainable rally (see Watch silver for the bottom in gold). The idea was that silver, being the more volatile poor man’s … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards |
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