XAU/USD (Gold) Analysis - May 31, 2011: Testing Level 1546.60, Correction Alert
| Tuesday, 31 May 2011 02:35 | |
| Yesterday: Open 1536.40 High 1539.00 Low 1533.80 Close 1538.40 All day yesterday, the movement of gold in a flat condition given in the American market is on vacation. Currently, Gold looks bullish movement. There is no focus on economic data today for XAU / USD.  |
| Beware of Weak Growth In Global Manufacturing Sector |
| Monday, 30 May 2011 05:43 | |
 Manufacturing slowdown has increased the burden on the risks faced by the world economic growth. High input prices, supply chain disruption from the tsunami disaster in Japan and a decline in demand from China have combined to impede the momentum of manufacturing growth in Europe, the United States and Asia in recent months after running stable with strong growth. Just how sharp slowdown will become clearer this week with the release of data from factory activity in the major economies around the world. |
| Market Highlights May 30, 2011: Weak U.S. Economic Data Back Trigger collapsed Dollar |
| Monday, 30 May 2011 05:41 | |
| A series of weak U.S. economic data took the dollar continues to weaken against other major currencies in the trading session Friday (27 / 5). Pending Home Sales data show a decrease 11.6 percent in April, far lower than economists predicted earlier. Similarly Personal Spending data, missed expectations. Nearing the end of the program schedule quantitative easing volume II of the Federal Reserve, U.S. economic data would indicate slower growth. Earlier, on Thursday (26 / 5), Preliminary GDP data showed the U.S. economy grew only 1.8 percent in the quarter I. Lack of these data fueled speculation that the U.S. economy may still need a stimulus to recover. |
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