Forex. The forecast of the euro against the dollar (EUR / USD) as of today 01/11/2016
Economic statistics from the Eurozone and the United States has determined at auction on Friday the nature of price dynamics of the single currency and the US dollar. Driver falling euros in the first half of the day was the negative data on industrial production in the euro area's leading economy - Germany. The November index unexpectedly fell here - to (minus) 0.3% against the forecast of 0.4%.
After it dropped its trade balance, as quite substantially decreased volumes of German exports. As a result, the trade surplus of the country also decreased, fixing the final level - 19.7 bln. Euro, against the October figure of 20.5 billion. Euro. The market reacted to the depreciation of the single European currency, which quotes from the Siberian High 1.0933 tested on reducing daily low at around 1.0803. The subsequent publication of a strong report on the US labor market has made unexpected changes in the course of currency trading, providing market participants with a reason for buying the US dollar across the board. Employment growth has surpassed not only the average forecast, but also the most optimistic expectations of economists, reaching 292 thousand. New jobs at the forecast 203 thousand. In addition, data for the previous two months were revised upward - up to 50 000 jobs. The only weak point in the report was the zero growth of the average wage, but it was he who defined the future dynamics of trade. The pair played back sharply, weakening the dollar and the euro zone restoring week high - at the price level of 1.0926.
Today, the euro dollar forecast assume - correctional decline of the pair to target levels: 1.0887; 1.0860;1.0816 and possibly to 1.08. Near this level we expect a reversal of the pair and the rise of the single European currency to the previous local maximum 1.0940.
Forex. The forecast for the pound / dollar (GBP / USD) as of today
The fall of the British pound at auction on Friday was also due to weak economic statistics published in the United Kingdom. The total trade deficit of the country amounted to 3.2 billion in November. Pounds, with trade deficit with EU countries widened to a record high. In turn, trade with markets outside the EU, also showed a reduction, recording a decrease of exports even with such trading partners as China, Russia and India. Against this background, the "bulls" on the pound had nothing to counter the general negative market sentiment towards the UK currency. As a result, the pair fell from maksimuma1.4643 morning, and once again updated 5-year low at the level of 1.4505, which is close to a pound / dollar and completed a week-long trade.
Today the pound dollar exchange rate in the forecast assumed - the continuation of decrease in pair to the key support level of 1.44. Next, look for a turn and rise of the British currency to the key resistance level of 1.45 or higher, to the price levels: 1.4552 and 1.46.
Forex. Forecast the price of gold today 01/11/2016
In the first trading week of the year amid slowing Chinese economy, the collapse of stock markets, increased geopolitical tensions in the Middle East and the nuclear threat from North Korea, gold once again regained the status of the asset - "Asylum", rising for the past week at 42.60 $ per ounce. In addition to the above factors, support the "bulls" in gold provided and the general uncertainty in the markets, the growing turbulence of price movement, as well as pessimism bidders by such rapid developments in the first days of the new year. Against this backdrop, investors began to hastily leave risky assets. In addition, the low prices of precious metals have stimulated interest in investing in gold. However, on the last day of the week and ahead of the weekend, market participants began to record profits and close the deal to buy the metal. As a result, the cost of the February gold futures pulled back from the reached week high $ 1112.95 per ounce and closed trading at a price level 1104.17 $ an ounce.
As of this morning near term resistance for gold passes through the price level - $ 1109 per ounce. The breakdown of this resistance during the upward movement will continue to rise to the metal following purposes - $ 1113; $ 1117 and $ 1123 per ounce. Immediate support for gold is at the level of day reversal - $ 1103 per ounce. If it is passed it will be possible to further decrease in metal price levels - $ 1098; $ 1093 and $ 1088 per troy ounce.
Gold forecast for today assume - renewed rise in quotations of the metal and the rising cost of gold to the above target levels of resistance.
Forex. The forecast rate of silver at today 01/11/2016
The slowdown of the Chinese economy and the devaluation of the yuan had a negative impact on commodity prices. The cost of industrial metals went down sharply, triggering a fall, and the price of silver. As a result, quotations of the metal fell back from a 2-week high of $ 14.37 an ounce at the end of Friday's trade tested a new weekly low at around $ 13.87, which is close to the trade and have completed. Thus, one day achieve the metal lost week, having fallen in price by 50 cents per ounce.
As of this morning near term resistance for silver passes on price level - $ 13.96 per ounce. If resumed the upward movement, and this resistance is broken, followed by continued rise to the target level - $ 14.05, $ 14.20 and $ 14.25 per ounce. Immediate support for silver settled at a price level - $ 13.85. If quotes overcome it - continue to decline further in the direction of price levels - $ 13.80; $ 13.65 and $ 13.60 per ounce.
Forecast on silver today forward - completion of reduction of the metal close to the current price levels, and further, the resumption of growth in the value of silver to the above target levels of resistance.
The economic calendar Monday - can be distinguished Swiss data on the November changes in the real volume of retail trade and the data from Canada in the number of bookmarks foundations of new residential construction in December, as well as the index of expectations of growth of volumes of trade and lending business for the 4th quarter.
In other news of the day - The euro zone will publish an indicator of investor confidence in January. The European Central Bank will announce the weekly volume of purchases of securities. Australia will report on the number of vacancies for employment. In New Zealand, there are data on changes in the November volume of building permits issued. And in the US statistics are presented - in the terms of the labor market and employment trends for December. In addition, the United States and France will hold - the auction of 3- and 6-month government debt.
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