2011年8月12日 星期五
stocks strong rebound in gold plunge
stocks strong rebound in gold plunge
Yesterday the stock market rebounded strongly due to increased gold and CME trading margin, affected gold, fell sharply, the correction was down more than $ 80, then trimmed losses, closing in 1762 near the end.
11 sub-city in early trading, gold still under the impact of safe-haven appeal, topped 1800, up to 1815 in the vicinity. But then the Chicago Mercantile Exchange Group announced an increase in margin requirements for gold trading, prompting investors are unwilling or unable to trade. In May the group has repeatedly raised silver trading margin requirements, resulting in all commodity futures prices fell, because investors can not be forced to meet the latest requirements of the empty site, thus boosting commodity prices. Gold fell sharply affected.
Followed by the U.S. Commerce Department data released Thursday showed the U.S. trade account deficit in June increased by 4.4%, to $ 53.07 billion, the market had expected a deficit of $ 48 billion; May trade account deficit was revised to a deficit of $ 50.83 billion, the beginning of value of $ 50.23 billion deficit.
U.S. Labor Department data released Thursday showed the U.S. on August 6 when the number of claims for unemployment benefits fell 7,000, to 39.5 million, is expected to be 400,000.
Better than expected a strong rebound in the stock market data, market sentiment can be improved, rapid decline of gold, fell to 1735 in the vicinity.
New York Stock Exchange, the Dow Jones industrial average stock index rose 423.37 points compared with 10 to close at 11143.31 points, or 3.95%. Standard & Poor's 500 index rose 51.88 points to close at 1172.64 points, or 4.63%. The Nasdaq composite index rose 111.63 points to close at 2492.68 points, or 4.69%.
The world's largest gold exchange-traded fund (ETF) - SPDR Gold Trust, said as of August 10 of its gold holdings only slightly reduced 0.38 tons, to 1,296.52 tonnes.
Lower the price of gold that was sold safe-haven assets, the risk of mood prevails today. But the European debt and worries about the future of the economy and other positive factors have not disappeared, so the long-term upward trend in gold price down just a brief correction in the
From the technical indicators, gold finished lower yesterday, but compete in 5-day moving average, investors still further down the risk. Indicators are also formed from a random Sicha and downstream divergence; MACD indicator also down, the red column line also converge, suggesting that the exchange rate down strong momentum. Initial support is now below the low of 1735 in the vicinity of yesterday, more in the 10-day moving average around 1705, above the initial resistance in 1775, more in 1800.
Yesterday the stock market rebounded strongly due to increased gold and CME trading margin, affected gold, fell sharply, the correction was down more than $ 80, then trimmed losses, closing in 1762 near the end.
11 sub-city in early trading, gold still under the impact of safe-haven appeal, topped 1800, up to 1815 in the vicinity. But then the Chicago Mercantile Exchange Group announced an increase in margin requirements for gold trading, prompting investors are unwilling or unable to trade. In May the group has repeatedly raised silver trading margin requirements, resulting in all commodity futures prices fell, because investors can not be forced to meet the latest requirements of the empty site, thus boosting commodity prices. Gold fell sharply affected.
Followed by the U.S. Commerce Department data released Thursday showed the U.S. trade account deficit in June increased by 4.4%, to $ 53.07 billion, the market had expected a deficit of $ 48 billion; May trade account deficit was revised to a deficit of $ 50.83 billion, the beginning of value of $ 50.23 billion deficit.
U.S. Labor Department data released Thursday showed the U.S. on August 6 when the number of claims for unemployment benefits fell 7,000, to 39.5 million, is expected to be 400,000.
Better than expected a strong rebound in the stock market data, market sentiment can be improved, rapid decline of gold, fell to 1735 in the vicinity.
New York Stock Exchange, the Dow Jones industrial average stock index rose 423.37 points compared with 10 to close at 11143.31 points, or 3.95%. Standard & Poor's 500 index rose 51.88 points to close at 1172.64 points, or 4.63%. The Nasdaq composite index rose 111.63 points to close at 2492.68 points, or 4.69%.
The world's largest gold exchange-traded fund (ETF) - SPDR Gold Trust, said as of August 10 of its gold holdings only slightly reduced 0.38 tons, to 1,296.52 tonnes.
Lower the price of gold that was sold safe-haven assets, the risk of mood prevails today. But the European debt and worries about the future of the economy and other positive factors have not disappeared, so the long-term upward trend in gold price down just a brief correction in the
From the technical indicators, gold finished lower yesterday, but compete in 5-day moving average, investors still further down the risk. Indicators are also formed from a random Sicha and downstream divergence; MACD indicator also down, the red column line also converge, suggesting that the exchange rate down strong momentum. Initial support is now below the low of 1735 in the vicinity of yesterday, more in the 10-day moving average around 1705, above the initial resistance in 1775, more in 1800.
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