Muted jubilation as Evergrande makes debt payment
Relief as Evergrande averts default but China’s property [...]
Trading news
Trading Analysis 17th May 2012
TECHNICAL's IN FOCUS
Gold:
Resistance Levels:
$ 1550.30 - $1564.00 - $1575.80
Support Levels:
$ 1524.80 - $1513.00 - $1499.00
Strategy:
Buy on Dips
Long above 1527, target 1544, 1565.
Unemployment Claims @ 1730 and Manufacturing Index @ 1900(GMT+5)hours.
Silver:
Resistance Levels:
$ 27.86 - $ 28.53 - $ 29.09
Support Levels:
$ 26.63 - $ 26.06 - $ 25.39
Strategy:
Buy on Dips
Long above 26.80, target 28.35.
Crude Oil:
Resistance Levels:
$ 94.04 - $ 95.28 - $ 96.39
Support Levels:
$ 91.69 - $ 90.58 - $ 89.34
Strategy:
Buy on Dips
Long above 92.55, target 94.75.
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 0.9973 - $ 1.0019 - $ 1.0071
Support Levels:
$ 0.9875 - $ 0.9823 - $ 0.9777
Strategy:
Neutral
GBPUSD :
Resistance Levels:
$ 1.5976 - $ 1.6031 - $ 1.6076
Support Levels:
$ 1.5876 - $ 1.5831 - $ 1.5776
Strategy:
Neutral
MPC Member Weale Speaks @ 1600(GMT+5) hours.
EURUSD :
Resistance Levels:
$ 1.2765 - $ 1.2799 - $ 1.2842
Support Levels:
$ 1.2688 - $ 1.2645 - $ 1.2611
Strategy:
Neutral
French & German Bank Holiday !
Thursday, 17 May, 2012 / 4:30
Source : http://www.acmgold.com/news-analysis
Trading news
U.S companies achieved their third quarter profit target
More than 85% of S&P 500 companies beat expectations in the third quarter. [...]
Evergrande jitters return, yen climbs, dollar steady
Evergrande shares plunge after sale of unit falls through, mood [...]
