Forex. The forecast of the euro against the dollar (EUR / USD) as of today 01/20/2016
With the opening of trading the currency market this week, quotes Euro / dollar declined almost continuously before yesterday's North American session.Faced with the strong support of customers at the level of 1.0860 euro, the dollar, the euro rose sharply, recouping a decline from the beginning of theweek.
Reducing concerns about the slowdown in the Chinese economy and the negative impact of the problems of developing countries, the prospects for the euro area economy - all this allows holders of long positions in the euro hoped the formation of a significant upward movement.
China does not slowing global GDP, and simply rebuilds economies on the western way - so say leading economists. The latest data for the first time in the history of the share of services in GDP has exceeded 50%, while the growth rate of the components have reached the level of 8.3% and quite capable of accelerating to 9% in 2016.
German economic sentiment index ZEW, based on a survey of financial analysts and institutional investors reached the lowest level since October 2015. However, the positive attitude of the majority of bidders is not changed.
The euro / dollar is now in the forecast assumed that the growth of the positive sentiment on the euro will contribute to the continued upward movement in today's auction to the levels of 1.0950, 1.0980 and possibly 1.1030. Support will serve as a mark of 1.09000, 1.0865 and 1.0835.
Forex. Forecast pound / dollar (GBP / USD) as of today 01/20/2016
Corrective gains quotations Briton dollar in the first half of yesterday's trading was replaced by a sharp drop in the pound more than a hundred points, dropping the currency of Albion to the lowest level since 2009. Waiting slowdown England, together with low inflation makes the Bank of England to review the plans for the immediate tightening of monetary policy. Furthermore, the high rate of national currency inflicts significant damage to British exporters. They lose their closest rivals from the European Union.
Speech by Mark Carney on the eve of the Bank of England, raised concerns about the overall state of the economy in Britain, and the preservation of downward risks, noted the great vulnerability to global shocks, leaves no hope for an increase in interest rates in the foreseeable future. Consumer price index surpassed the consensus forecast and showed the maximum value from February 2015, failed to impress the forex players and attract buyers sterling.
Today the pound to the greenbacks in the forecast assumed motion pair pound / dollar to new lows with a target at levels 1.4130, 1.4100 and 1.4060. Resistance sellers are located at 1.4200, 1.4235 and 1.4265.
Forex. Gold price forecast for today 01/20/2016
Despite the relatively high amplitude vibrations at the end of yesterday's trading price of gold has not changed much. Stabilizing stock markets reduced investor interest in defensive assets, but a sharp increase in purchases by the central banks of Russia and China do not allow sellers to form a full-fledged downtrend.
In addition, the markets are growing concerns about conservation in production due to falling investment in new fields and bringing prices to the break-even point for some of the major gold producers.
According to preliminary estimates in 2015 production growth was only 1%, or 3.155 tons, and in 2016 is expected to fall by 3% for the first time in seven years.
Gold is in the forecast for today is waiting for the customers and the growth of gold prices to levels $ 1092, $ 1094 and possibly $ 1099. Customer Support is at the level $ 1085, $ 1082 and $ 1079.
Forex. Silver Forecast for today 01/20/2016
Silver in yesterday's trading was able with confidence to gain a foothold above the mark $ 14.00 per ounce.Trying to turn the tide of sellers trading and return to the downward trend has not brought results. Increasing the number of long positions clearly indicates a long-term slowdown in the downward trend and opens up the possibility of forming a powerful corrective rebound in the near future.
Targets at today's auction will mark $ 14.17, $ 14.24, and at strengthening the pressure of buyers and $ 14.35.
Immediate support for silver is at around $ 14.00. If it is passed, then the decline will continue until the levels of $ 13.95 and $ 13.85.
The focus of the market would be the decision of the Bank of Canada's main interest rate, the accompanying statement to the decision and the report of the Bank's monetary policy for the 1st quarter of this year. The rate will probably be reduced to a level of 0.25%.
On the same day a press conference the head of the Bank's Stephen Poloz.
Considerable interest will also report on the British labor market, including: the number of applications for unemployment benefits; the dynamics of job seekers; the unemployment rate in the country (the previous figure - 5.2%); change in the number of employees and changes in the level of average earnings and weekly wages.
Other very important indicators will be published in the US December consumer price index; the volume of building permits issued; the number of bookmarks of new foundations for the construction of housing; change in real average weekly earnings.
In Germany, will be released December producer price index.
Canada will report on changes in the scope of the November manufacturing shipments and wholesale trade volume.
And in the US statistics will be published index of mortgage lending in January and net purchases of long-term US securities by foreign investors. On the same day, will open the International Economic Forum in Davos (Switzerland).
For more information on the movement of currencies in the market, please visit "Maximarkets.ru" under "Research".
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