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Gold Fields Revises Down Q1 Operational Guidance - Update

Gold Fields Revises Down Q1 Operational Guidance - Update

Friday, Gold Fields Ltd. (GFI), an unhedged producer of gold, revised down its production guidance by 2.7% for its first-quarter 2009, reflecting a slower than expected build-up of production at Cerro Corona.

For the first quarter, the company cut down the attributable production to be approximately 798 thousands ounces, from its previous guidance of 820 thousands ounces. However, it expects the cash costs to be in line with its earlier guidance of approximately R154,000/kg or US$618/oz. Notional Cash Expenditure or NCE, which includes all operating costs as well as sustaining and project capital, is expected to be approximately 6% better than previous guidance, at R227,000 /kg or US$910/oz. The first-quarter, gold production in South Africa operation is expected to be up by 2% with approximately 492 thousand ounces. The cash cost is expected to be R154,000/kg or US$618/oz, compared to a previous guidance of R157,000/kg or US$610/oz. The NCE for the South Africa operation is down to R213,000/kg or US$857/oz, from a previous guidance of R221,000/kg or US$860/oz. For the international operations, the company expects the first-quarter gold production to be approximately 306 thousand equivalent ounces. The cash costs and NCE for the international operations are expected to be approximately US$616/oz and US$983/oz respectively, compared with the previous guidance of US$570/oz and US$1,060/oz. CEO, Nick Holland said that despite the rehabilitation work in South Africa and international growth projects scheduled for completion, the company is in line to achieve the short term target of a run rate of approximately 1 million attributable equivalent ounces of gold, during the third quarter next year, at an NCE of approximately US$725/oz at R/US$8.00. Thursday, the stock closed at $8.31 on the New York Stock Exchange. Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved

Forex Literature

We are proud to present some FX Literature for free download. Take a look on the list below:

* 1st Forex Trading Academy’s

Published: February 26, 2007 21:40

1st Forex Trading Academy’s FOREX trading course intends to provide to all of the students analytical tools on the trading system and methodologies.
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* A Practical Guide to Swing Trading

Published: November 26, 2006 08:51

What will this book teach you
• the rational behind swing trading
• how to identify stocks to swing trade
• when to enter a trade
• when to exit a trade
• how to maximize profits and minimize risk
• what tools are available to help you select stocks and monitor your progress
• what books to read to learn more about swing trading
To quote Albert Einstein: "Things should be made as simple as possible, but not any simpler". This is the principle I followed while writing this book.
Download A Practical Guide to Swing Trading, 1k

* CurrenciesMoves

Published: November 26, 2006 08:52

This is a list of aprox currencies moves per 1 hour, 4 hours, 1 day.
Created by Mr. Hisham Ghoneim
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* Introduction to Forex Basics

Published: February 26, 2007 22:18

This is introduction to forex in a very easy way, most of defination you will find in forex market, you will learn much from this edition.
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* The Elliot Wave Principle

Published: February 26, 2007 21:55

The Elliot Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter and exit positions for the highest probability of success.
Download The Elliot Wave Principle, 1k

* Trading in the Zone by Mark Douglas

Published: December 12, 2006 18:26

Mark Douglas has written a book that is the accumulation of years of thought and research—the work of alifetime.
Download Trading in the Zone by Mark Douglas, 562k

* Welcome to forex

Published: February 26, 2007 22:03

This is simple book gives you a very brief introduction about what is forex.
Download Welcome to forex, 48k

Forex Software

We are proud to present some usefull FX Software for free download. Take a look on the list below:

* Forex Market Hours Monitor

Published: November 26, 2006 08:51

This software will help you to manage your account and to see main bourses working time.
Download Forex Market Hours Monitor, 256k

* Profinacci Calculator

Published: November 26, 2006 08:51

This programm will help you to count Fibonacchi levels for uptrends and downtrends.
Download Profinacci Calculator, 1205k

Calendar

Current Time: 02:22 GMT From Date: To Date: News Importance:

Date Currency Description Importance Actual Forecast Previous
Tue, 12 May 01:30 GMT AUD *AUD Value of Loans (MoM) (MAR) Low 7.3% 2.5% (R-)
01:30 GMT AUD AUD Home Loans (MAR) Low 4.9% 4.5% 1.2% (R+)
01:30 GMT AUD AUD Investment Lending (MAR) Medium 4.7% -2.9% (R-)
05:00 GMT JPY JPY Leading Index (MAR P) Medium 77 75
05:00 GMT JPY JPY Coincident Index (MAR P) Low 85.8 86
06:00 GMT EUR EUR German Wholesale Price Index (MoM) (APR) Low 0.0% -0.9%
06:00 GMT EUR EUR German Consumer Price Index - EU Harmonised (MoM) (APR F) High 0.0% 0.0%
06:00 GMT JPY JPY Machine Tool Orders (YoY) (APR P) Low -85.2%
06:00 GMT EUR EUR German Consumer Price Index - EU Harmonised (YoY) (APR F) Medium 0.7% 0.7%
06:00 GMT EUR EUR German Consumer Price Index (YoY) (APR F) Medium 0.7% 0.5%
06:00 GMT EUR EUR German Consumer Price Index (MoM) (APR F) Low 0.0% -0.1%
06:00 GMT EUR EUR German Wholesale Price Index (YoY) (APR) Low -8.2% -8.0%
06:30 GMT EUR EUR Bank of France Business Sentiment (APR) Low 75 73
06:45 GMT EUR EUR French Central Government Balance (euros) (MAR) Low -29.9B
08:30 GMT GBP GBP DCLG UK House Prices (YoY) (MAR) Medium -13.0% -12.3%
08:30 GMT GBP GBP Trade Balance Non EU (Pounds) (MAR) Low -£4200 -£3964
08:30 GMT GBP GBP Total Trade Balance (Pounds) (MAR) Low -£3000 -£3248
08:30 GMT GBP GBP Manufacturing Production (MoM) (MAR) Low -0.8% -0.9%
08:30 GMT GBP *GBP Visible Trade Balance (Pounds) (MAR) Medium -£7200 -£7315
08:30 GMT GBP GBP Manufacturing Production (YoY) (MAR) Low -14.0% -13.8%
08:30 GMT GBP *GBP Industrial Production (MoM) (MAR) Medium -0.9% -1.0%
08:30 GMT GBP GBP Industrial Production (YoY) (MAR) Medium -12.8% -12.5%
09:30 GMT AUD *AUD Commonwealth Budget Medium
12:20 GMT USD USD Fed's Lockhart to Give Welcome and Open Financial Markets Conference Low
12:30 GMT USD *USD Trade Balance (MAR) Medium -$29.0B -$26.0B
12:30 GMT CAD *CAD International Merchandise Trade (Canadian dollar) (MAR) Medium 0.5B 0.1B
12:30 GMT USD USD Rosengren to Speak on Risk Management at Jekyll Island Panel Low
14:00 GMT USD USD IBD/TIPP Economic Optimism (MAY) Low 51.0 49.1
18:00 GMT USD USD Monthly Budget Statement (APR) Low -$20.0B $159.3B
18:30 GMT USD USD Treasury's Geithner at Social Security News Conference High
21:00 GMT USD USD ABC Consumer Confidence (MAY 10) Low -43
23:01 GMT GBP *GBP NIESR Gross Domestic Product Estimate (APR) Medium -1.5%
23:50 GMT JPY JPY Bank Lending Banks Adjustments (YoY) (APR) Low 4.2%
23:50 GMT JPY JPY Japan Money Stock M3 (YoY) (APR) Low 1.4% 1.3%
23:50 GMT JPY *JPY Current Account Total (Yen) (MAR) Medium ¥1209.2B ¥1116.9B
23:50 GMT JPY JPY Bank Lending incl Trusts (YoY) (APR) Low 3.4%
23:50 GMT JPY JPY Trade Balance - BOP Basis (Yen) (MAR) Medium ¥127.7B ¥202.1B
23:50 GMT JPY JPY Bank Lending Banks ex-Trust (APR) Low 3.6%
23:50 GMT JPY JPY Adjusted Current Account Total (Yen) (MAR) Low ¥527.0B ¥673.4B
23:50 GMT JPY JPY Japan Money Stock M2+CD (YoY) (APR) Low 2.3% 2.2%

May 12 Market Commentary and Technical Levels

Tue, 12th of May, 2009
By Setyo Wibowo

EURUSD Outlook
The EURUSD was corrected lower yesterday. On hourly chart below we have a “flag” formation which technically is considered as continuation pattern. A breakout to the upside of the “flag” could trigger further bullish scenario towards 1.3736 area. However the bias is neutral in nearest term. Immediate support is seen at 1.3560 followed by 1.3500. Initial resistance at 1.3666 area (yesterday’s high). CCI in neutral area on h4 chart.

eurusdhourly

EURUSD Daily Supports and Resistances:

* S1= 1.3536
* S2= 1.3492
* S3= 1.3427
* R1= 1.3645
* R2= 1.3710
* R3= 1.3754

GBPUSD Outlook
The GBPUSD also corrected lower yesterday. On hourly chart below we can see that the pair is now testing the trendline support area. The bias is neutral in nearest term. Immediate support is seen at 1.5050 area. Break below that could trigger further bearish momentum towards 1.4940. Initial resistance at 1.5242 followed by 1.5371. CCI about to cross the 100 line down on daily chart suggesting a potential downside pressure but neutral in hourly and h4 chart.

gbpusdhourly5

GBPUSD Daily Supports and Resistances:

* S1= 1.5040
* S2= 1.4966
* S3= 1.4865
* R1= 1.5215
* R2= 1.5316
* R3= 1.5390

USDJPY Outlook
The USDJPY had another bearish momentum yesterday. On hourly chart below we can see that after break below 97.90 support area, the pair bottomed at 97.25 and closed at 97.46. The bias is bearish in nearest term testing 96.80 support area. However CCI in oversold area and heading up on h4 chart so watch out for a potential upside rebound testing 97.90 resistance (former support) area. Break above that area could lead us into no trading zone.

usdjpyhourly4

USDJPY Daily Supports and Resistances:

* S1= 96.87
* S2= 96.28
* S3= 95.31
* R1= 98.43
* R2= 99.40
* R3= 99.99

USDCHF Outlook
The USDCHF was corrected higher yesterday. The pair topped at 1.1104 and closed at 1.1092. In nearest term, as long as the pair stay below 1.1160 resistance area, any upside correction is normal considering significant bearish momentum since April 20. Immediate support is seen at 1.1020 (yesterday’s low). Break below that level could trigger further bearish momentum towards 1.0950 area. CCI in oversold area and heading up on daily chart suggesting a potential downside pressure.

usdchf4hchart3

USDCHF Daily Supports and Resistances:

* S1= 1.1040
* S2= 1.0988
* S3= 1.0956
* R1= 1.1124
* R2= 1.1156
* R3= 1.1208

Have a great day!
History
05/10/2009 May 11 Market Commentary and Technical Levels
05/08/2009 EURUSD Weekly Summary
05/07/2009 May 08 Market Commentary and Technical Levels
05/06/2009 May 07 Market Commentary and Technical Levels
05/05/2009 May 06 Market Commentary and Technical Levels
05/04/2009 May 05 Market Commentary and Technical Levels
05/03/2009 May 04 Market Commentary and Technical Levels
05/01/2009 GBPUSD Weekly Summary
04/30/2009 May 01 Market Commentary and Technical Levels
04/29/2009 April 30 Market Commentary and Technical Levels
04/28/2009 April 29 Market Commentary and Technical Levels
04/27/2009 April 28 Market Commentary and Technical Levels
04/27/2009 EURCHF confirming a near-term short setup?
04/26/2009 April 27 Market Commentary and Technical Levels
04/24/2009 EURUSD Weekly Summary
04/23/2009 April 24 Market Commentary and Technical Levels
04/22/2009 April 23 Market Commentary and Technical Levels
04/21/2009 April 22 Market Commentary and Technical Levels
04/20/2009 April 21 Market Commentary and Technical Levels
04/19/2009 April 20 Market Commentary and Technical Levels
04/17/2009 EURUSD Weekly Summary
04/16/2009 April 17 Market Commentary and Technical Levels
04/15/2009 April 16 Market Commentary and Technical Levels
04/14/2009 April 15 Market Commentary and Technical Levels
04/13/2009 April 14 Market Commentary and Technical Levels
04/12/2009 Weekly Focus
04/10/2009 USDJPY Weekly Summary
04/08/2009 April 09 Market Commentary and Technical Levels
04/07/2009 April 08 Market Commentary and Technical Levels
04/06/2009 April 07 Market Commentary and Technical Levels


Show All News Show Latest News

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FAQ

1) What kind of services FXOpen provides?
FXOpen is a brokerage company in FOREX field. We propose different kind of courses starting from beginners up to advanced courses for people with FOREX experience and traders. Also we prepare FOREX teachers.

Glossary

Appreciation - A currency is said to ‘appreciate ‘ when it's price increases against a specific currency or group of currencies in response to market demand.

Arbitrage - The purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market, in order to take advantage of small price differentials between markets.

Participants

* Commercial Banks
* Central Banks
* Currency Exchanges
* Investment Funds
* Brokerage Houses

Participants of this market are, first of all, large commercial banks through which the basic operations under the instruction of exporters and importers, investment institutes are carried out, insurance and pension funds, hedge and individual investors. Also these banks operations and in the interests due to own means, thus at large banks volumes of daily operations reach billions dollars, and at some banks even the basic part of the profit is formed only due to speculative operations with currency.

What Moves Forex

Foreign Exchange is affected by various economic and political factors. The largest fluctuations in currency prices usually occur during Central Bank intervention, when governments trade in huge amounts forex in an attempt to either raise or lower the value of their own currency. This, aswell as many other factors such as interest rate changes, economic figures, political instability and large lot transactions by hedge funds can move the market.

Advantages

Liquidity:
the market operates the enormous money supply and gives absolute freedom in opening or closing a position in the current market quotation. High liquidity is a powerful magnet for any investor, because it gives him or her the freedom to open or to close a position of any size whatever.

FOREX is a highly profitable business which does not depend on time, place or political situation in your country. Advantage of this business is that you make deals using computer from any part of the world 24 hours per day 5 days per week.

What Is Forex

Forex is an inter-bank market that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. This is a set of transactions among forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date. During exchange, the exchange rate of one currency to another currency is determined simply: by supply and demand – exchange to which both parties agree.

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