Forex. The forecast of the euro against the dollar (EUR / USD) as of today 01/05/2016
The euro \ dollar rose sharply yesterday after the release of positive data on business activity in the manufacturing sector of the Eurozone. The index of business activity in the region rose in December to 53.2 points, 52.8 points against November and peaked in the last 20 months.
For the first time since April 2014 increase in activity was observed in all 19 countries of the eurozone, including Greece and problematic. Against this background, the pair went on the rise 120 points, noting the maximum price level of 1.0946. However, the momentum for a long time was not enough. Statements immediately 2 Fed - John Williams and Loretta Mester that the US economy is in good shape and in 2016 we should expect from 3 to 5 higher interest rates and an increase in the volume of GDP - up to 2.75% back investor interest in the US dollar. Another negative factor for the euro began released lower than expected inflation data in Germany.Consumer price index for December is again on the origin, which increased the likelihood of new stimulus measures from the ECB. All this dramatically increased the "bearish" pressure for a couple of quotes that just collapsed and slump reached a minimum at the level of 1.0781. The strong level of support for extending the so-called - "neck line" in the graphical model to develop the company, "head and shoulders" kept the currency from further decline and the pair dropped to the 1.0837 price level, where it ended the trading session.
The euro dollar today forecast: Given that the currency is currently near the critical support level of 1.08 (the line "neck" reversal pattern) assumed - attempt to break this level and in case of success - the downward movement of the pair to price levels: 1.0764; 1.0711; 1.07 and 1.0688. *** If the breakdown of the key support level of 1.08 will not take place, the pair will unfold on the rise to the target levels: 1.0853; 1.0870 and 1.09.
Forex. Forecast pound / dollar (GBP / USD) as of today 01/05/2016
These UK statistics released yesterday showed that loans to households in the country increased and reached a maximum level for the previous 7 years. This confirms the increased consumer confidence and suggests that the growth of the housing market in the UK and consumer spending will be significant factors of economic growth in the new year. Against this background, the British currency has started to grow actively, and passing on the rise more than 120 points, reached the level of 1.4815. However, in this case, the sharp increase in the dollar after the speeches by the Fed stopped the rise and the pair embarked on a decline. As a result, the British Pound repeated price dynamics euro and tested for reducing new low 1.4662, lost all their achievements, ending the session at a price level 1.4710.
Pound dollar today in the forecast: In view of education in daily and hourly charts topping candlestick patterns - "long-legged doji" and "Hammer" expect - turn and the rise of the British currency to the target levels: 1.4734; 1.4755; 1.48 and 1.4830.
Forex. Gold rate forecast for today 01/05/2016
The demand for protective assets, including gold and silver rose yesterday on weak data on business activity in the industrial sector in China and strengthen tensions Iran, Saudi Arabia and other Middle East countries.Following the oil price, the price of the metal soared on Asian-European session opening level of $ 1062.32 Bid to 4 week high of $ 1083.35 per ounce. The decrease in activity of buyers at the end of the day a few adjust prices, fixing a rollback of quotations to the level of $ 1074.29 per troy ounce.
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 - $ 1080; $ 1083 and $ 1088 per ounce. Immediate support for gold is at the level of day reversal - $ 1073 per ounce. If it is passed it will be possible to further decrease in metal price levels - $ 1071; $ 1068 and $ 1065 per troy ounce.
Gold today assume - continued growth in the value of gold to the above target levels of resistance.
Forex. The forecast rate of silver at today 01/05/2016
Silver in the first half of the day to keep up with gold, doubling its price movements. From the level of the opening of trading $ 13.81 metal price increased by 37 cents, recording daily high at around $ 14.18 per ounce.However, the fall in commodity prices triggered aggressive selling metal exchange rate which at the end of trading lost all their achievements, and collapsed to the morning lows. Thus, the value of the metal at the end of the day has not changed, closed the trading session at a price level $ 13.86 per ounce.
As of this morning near term resistance for silver is held in terms of day reversal - $ 13.95 an ounce. If resumed the upward movement, and this resistance is broken, followed by continued rise to the target level - $ 14; $ 14.18; $ 14.25 and $ 14.40 per ounce. Immediate support for silver settled at a price level - $ 13.76 If quotes overcome it - the decline will continue further in the direction of the price level - $ 13.60 and below.
Silver is now expected to resume growth in the cost of the metal to target the above-mentioned resistance levels.
In Tuesday's economic calendar in the spotlight bidders will be published in the UK index of business activity in the construction sector, as well as reports on credit conditions and review of commitments of British banks in the 4th quarter.
Of the total unit of economic news can be identified as the publication in the German labor market data, including: changes in the number of unemployed and the unemployment rate in the country (the previous figure - 6.3%).
In other news - Japan is to publish the December changes in the volume of the monetary base; Spain - the dynamics of unemployment in December. Italy will present a preliminary harmonized index of consumer prices, and the euro zone will publish an assessment of consumer price index and the core index of consumer prices in the region in December. In Canada today, will be released November producer price indices and prices of raw materials. And in the US - ISM manufacturing index in New York in December.
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