Forex. The forecast of the euro against the dollar (EUR / USD) as of today 12/28/2015
Activity in currency trading Thursday after the Asian session was close to anabiosis. All the main macroeconomic drivers of the week behind us, and European players with peace of mind went to meet the main winter holiday.Published on the eve of the last block of meaningful statistics from the USA did not disappoint. In November, orders for durable goods remained unchanged, while analysts expected them to fall by 0.7%. Personal income and spending also came in line with expectations, which gave an opportunity to strengthen the dollar against the euro.
Growth, however, was short-lived, and already in the Asian session, EUR \ USD turned on the rise. But at least, reach a weekly high failed, the momentum was quite weak and against the background of an empty economic calendar, the pair "floating" around 1.0967 price level. Later published important data on the US labor market have been very positive and demonstrated a reduction in the number of applications for unemployment benefits up to 267 thousand. (The forecast - 270 thousand.). However, to respond to them was virtually no one - all celebrated Christmas. Eventually, the pair closed the trading week, a minor correction to the 1.0952 price level.
Today, the euro dollar forecast assume - evrobykov attempt to test the upper bound figure, "head and shoulders" - 1.0990, hour timeframe. If the breakdown of this level will be held followed by a continuation of the rise in price levels: 1.0984; 1.10; 1.34 and 1.1070. If you exceed the level 1.0990 fails, expect the "bear" and a reversal the depreciation of the single European currency to the price levels: 1.0928; 1.09; 1.0880 and 1.0852.
Forex. The forecast for the pound / dollar (GBP / USD) as of today
At the finish the trading week before the Christmas holidays dollar suffered losses against virtually all of its competitors. Together with the British pound currency quotes struck resistance level of 1.49 strong and recorded the top ascent at around 1.4944. Thus, the pair of the second day in a row rather actively adjusted the previous decline. If we consider an empty economic calendar and the complete lack of drivers for the movement of the pair, the growth of the British currency on the eve of the long holiday weekend was due primarily to profit-taking and closing transactions for the purchase of the US dollar, as well as technical factors, due to which the proximity of the strong support for the bottom border 5-month correctional model (1.4820) dollar halted attempts to "bull" to continue the pressure on the pair. The wave structure of the price movement of the pair kept the potential for further growth currency.
The pound against the dollar today in the forecast we assume - a short-term corrective pullback in the pair price zone 1.4890 ÷ 1.4875. Then we expect the rise of the British currency to the target levels: 1.4950;1.4970; 1.50 and 1.5024. If this level will be breached, the upward movement of pair will proceed further towards the key resistance level of 1.51 or higher.
Forex. Forecast the price of gold today 12/28/2015
During the trading session on Thursday, the eve of Christmas, the US and European stock exchanges closed earlier than usual. In connection with this day trading volume was much lower than normal, market participants closed their positions and tried not to open new ones. However, the price of gold on the eve of the Catholic feast showed moderate growth against the depreciation of the dollar against major world currencies. At the end of the trading session on Thursday, February gold futures on the New York Stock Exchange «Comex» rose $ 6.46, to the level of $ 1076.64 per troy ounce.
In this official demand for metals also it remains high. According to the IMF, in November 2015, banks in China, Russia, Kazakhstan and Turkey continued to actively buy gold. Gold reserves of the country increased over the last month - at 21 tons, 21.8 tons, 2 tons and 9 tons, respectively. In addition, in response to the weakening of the yuan, rose sharply, gold prices in Shanghai, which is also a positive factor for the increase in demand for the metal.
According to economists, after the holidays bidders will focus on two factors that can affect the value of the precious metal - the pace of the normalization of monetary policy the Fed and the prospects of physical demand for the metal from Asian consumers. From this perspective, the mood of the market at the turn of the week remains favorable for gold buyers.
As of this morning near term resistance for gold passes through the price level - $ 1077 per ounce. The breakdown of this resistance during the upward movement will continue to rise to the metal following purposes - $ 1081; 1085 $ and 1088 $ per ounce. Immediate support for gold is at the level of day reversal - $ 1074 per ounce. If it is passed it will be possible to further decrease in metal price levels - $ 1071; $ 1068 and $ 1064 per troy ounce.
In our forecast for Monday suppose - a short-term corrective pullback from current gold price levels, and then - the resumption of rise and the rising cost of metal to target the above-mentioned resistance levels.
Forex. Silver Forecast forecast for today 12/28/2015
Silver in yesterday's trading influenced by the same factors duplicated the price dynamics of gold. The nature of trading remained rather sluggish and volatility is very moderate. At the end of the trading day the metal rose by 6 cents to the level of $ 14.36 per ounce.
As of this morning near term resistance for silver passes on price level - $ 14.41 per ounce. If resumed the upward movement, and this resistance is broken, followed by continued rise to the target level - $ 14.50; 14.60 and $ 14.63. Immediate support for the silver is located at the level of daylight reversal - $ 14.33 an ounce. If quotes overcome it - continue to decline further in the direction of price levels - $ 14.27; $ 14.15 and $ 14 exactly.
In our forecast for silver also expect - corrective decline in the metal price zone 14.25 $ ÷ 14.15 $. Further, we expect the resumption of growth in the value of silver to the above target levels of resistance.
The economic calendar Monday - Australia, New Zealand, the United States and Europe continue to celebrate.Today - Day gifts. In economic news - Japan is to publish the November changes in the volume of retail trade, as well as preliminary data on industrial production volume. The European Central Bank will announce the weekly volume of purchases of securities. And in the US will be published index of manufacturing activity from the Dallas Fed. In addition, the United States and France will be held auctions for 3-, 6- and 12-month government debt.
Presented forecasts, the result of an analytical assessment of the situation on the currency market. Charts and comments to the forecasts, in any case, are not recommendations to customers to open transactions and are presented only as an analytical and comparative material traders in developing their own forecasts. The company assumes no liability in any form, for any losses or other damages customers, direct or indirect, that may arise in the case of forecasts, presented on our website. Traders shall bear full responsibility for the results of their work.