Forex. The forecast of the euro against the dollar (EUR / USD) as of today 01/04/2016
Recent attempts 2 weeks testing the strong resistance level of 1.10 euros, and the inability of customers to continue the growth of quotations couples led to a sharp pullback in the area of strong support 1.09. But here, here hope to consolidate efforts and to resume growth in the euro dollar quotations were not justified.
The potential reversal pattern "head and shoulders", formed after the rollback couples only strengthened "bearish" pressure and after 2 days of fighting in a narrow price range of customers had to leave the position and hastily retreat. And a collapse of the euro against the dollar, in which EUR \ USD tested daily low at 1.0852 price level, stopped just before the New Year closing trade. "Bulls" for the euro massively closed position to buy in an attempt to escape from potential losses in the further implementation of this reversal pattern. Although the chances of the euro remain, and they are connected with a strong level of support 1.08, passing through the "neck" graphic model "head and shoulders".
Today, the euro / dollar in the forecast assumed - corrective pullback quotes euro to levels 1.0885 ÷ 1.0910, further - to the decline in Euro-currency price levels: 1.0852; 1.0816 and 1.08. Near this level is expected to resume growth of quotations in the new cycle of upward movement.
Forex. Prediction of the pound against the dollar (GBP / USD) as of today 01/04/2016
GBP / USD, for 1 hour.
On Thursday, the pound \ dollar trading in Asia held in lateral trade will not go beyond 30-point of the price range. Drivers for the growth of the currency was not, in low trading volumes before the celebration of the New Year and early closing of trading the pair drove shoppers to start profit-taking and closing transactions for the purchase. In this regard, a sharp rise in the dollar and the euro currency collapse in quotations provoked gain "bearish" pressure as a result of which, the pound dollar exchange rate broke through previous lows and already at the end of trading tested strong support level 1.4730.
Today the pound against the dollar in the forecast of expected short-term depreciation in the price zone of 1.4710 ÷ 1.4690. Then turn and the growth of quotations of sterling to the target levels: 1.4770; 1.48;1.4830 and 1.4860.
Forex. Forecast the price of gold today 01/04/2016
XAU / USD, 4:00.
December 31 precious metal trading characterized by high volatility of price movements and low trading volumes. A significant reduction in the forex market players associated with Christmas and New Year, continues to define the unstable dynamics of trade. The growth of quotations of the dollar at the close of trading in Europe has strengthened, "bearish" pressure gold prices, the rate of which in the course of trading has formed a new minimum level of current correction - $ 1057.90 per ounce. Following the auction, the price of February gold futures on the New York Stock Exchange «Comex» has not changed much. Troy ounce of gold at the close of trading went up by 16 cents, to a level of $ 1061.88.
As of today, the near term resistance for gold held by the level of daylight reversal - $ 1063 per ounce. The breakdown of this resistance during the upward movement will continue to rise to the metal following purposes - $ 1066; $ 1069 and $ 1071 per ounce. Immediate support for gold is located at $ 1058 per ounce.If it is passed it will be possible to further decrease in metal price levels and $ -1052 $ 1046 per troy ounce.
Gold rate forecast assumes today - rising cost of gold to the above target levels of resistance.
Forex. Silver Forecast for today 01/04/2016
XAG / USD, 4:00.
A similar volatile dynamics in the auction on Thursday demonstrated and silver. The metal continued to test the minimum level of $ 13.77 a week, but never being able to overcome the defenses are "bulls" was closed in the middle of the daily range, on the price level, $ 13.86 per ounce.
As of this morning near term resistance for silver is held in terms of day reversal - $ 13.87 an ounce. If resumed the upward movement, and this resistance is broken, followed by continued rise to the target level - $ 13.95; $ 14 and $ 14.05 per ounce. Immediate support for silver settled at a price level - $ 13.80 If quotes overcome it - the decline will continue further in the direction of the price level - $ 13.60 and below.
Course of silver today in the forecast forward - initial decline in the value of silver in the area of price level $ 13.80 per ounce. Then we expect the turn and rise to the above quotations of the metal target resistance levels.
The economic calendar Monday - will attract the most attention to the publication in the United States, Japan, Australia, China, Great Britain, Switzerland and Canada - December index of business activity for the production sector. Similar figures will be published in the Eurozone, as well as in the leading economies of the region - Germany, France, Italy and Spain.
Significant interest was the publication of the US manufacturing ISM index for December, and the data from the UK in terms of volume of consumer and mortgage lending, the volume of loans to individuals and the number of approved applications for a mortgage loan in November.
Increased attention will cause investors in Germany, the publication of preliminary data on consumer price index for December.
In other news - the European Central Bank will announce the weekly volume of purchases of securities. And statistics from the United States will be presented - the data on the volume of expenditure in the construction sector in November.
In addition, in the United States and France will be held auctions for 3-, 6- and 12-month government debt.
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