Forex. The forecast of the euro against the dollar (EUR / USD) as of today 01/22/2016
The euro fell yesterday after the press conference European Central Bank President Mario Draghi. He pointed to the strengthening of the negative risks to the euro area economy and the beginning of this year, he said that due to the fall in oil prices and the weakening of the next inflation, the regulator would be willing to take new steps in promoting the growth of prices .
This Draghi noted that interest rates will remain at current levels or lower for some time, and the review of the monetary policy of the Bank will be held, probably at the next meeting in March.
After these statements the pair EUR \ USD was forced to hand over the position, and the Asian high at 1.0921 to test the reduction of the minimum 2-week level of 1.0777.
However, under the curtain bidding "bulls" managed to recover a pair. Against the background of the return antiriskovyh demand for euro sentiment started to grow, and by the end of day quotes currency reached the level of 1.0886 the day of opening.
Today, the euro against the dollar initially estimated decline in pairs and try to test the lower boundary of the lateral range 1.0805 (line of "shoulders" reversal pattern "inverted head and shoulders"). Then expect the turn and resume lifting euro exchange rate to the following target levels: 1.0855, 1.09, 1.0950, and possibly higher, to the key level of resistance 1.10.
Forex. Forecast pound / dollar (GBP / USD) as of today 01/22/2016
After yesterday's decline and the pair form a new 7-year low at the 1.4078 price level, "bulls" on the pound managed to neutralize the "bearish" pressure and expand the British currency in the upward movement. The catalyst for a reversal are such factors as: the proximity of long-term support level of 1.4040, the strongest rate oversold, based on the reduction in the formation of a candle reversal pattern "bullish Hammer" and continuous 5-week drop in without any significant corrections.
Fundamental factors have also moved into positive territory, showing the growth of consumer inflation, reducing unemployment and increasing employment as well as the stabilization of forecasts for economic growth in 2016.In addition, reducing the probability of an early Fed rate hike and the prospects of a new appreciation of the dollar against the backdrop of slowing economic growth in China and another decline in inflation in the United States, coupled with the negative outlook of the single European currency, are beginning to provide substantial support to the British pound at its current price levels.
Under these conditions, the pair was on the rise more than 160 points, reached the level of 1.4247 and made a very important application for the formation of a full-blown upward correction.
Pound dollar today is expected to resume growth in the British currency to the target levels of 1.4247, 1.4280, 1.43, 1.4340 and 1.4370.
Forex. Forecast the price of gold today 01/22/2016
At the auction on Thursday, the price of gold resumed its downward correction and tested for lowering the price level of $ 1092.30 an ounce. Driver decline was the increase in global stock markets after ECB President Mario Draghi that the Bank may expand the program of financial incentives at a meeting in March. Against this background, the demand for safe assets declined, which affected the price dynamics of the metal.
However, the American session the "bulls" in gold held on the rise. The current unrest in the financial markets, associated with the slowdown of China's economy and another drop in inflation in the US is increasingly reduce the likelihood of further rate hikes the Fed and the prospects of a new appreciation of the dollar. It maintained an interest in protecting the assets and again spun metal quotations on the rise. By the end of February futures price of gold back to the morning peak ($ 1102.51), and which closed the trading session.
As of this morning near term resistance for gold passes on price level 1104 $ an ounce. The breakdown of this resistance will continue the upward rise of the metal to the following objectives - $ 1109, $ 1117 and $ 1123 per ounce.
Immediate support for gold is at the level of day turn $ 1099 per ounce. If it is passed, then it becomes possible to further decrease in metal price levels to $ 1095, $ 1089 and $ 1080 per troy ounce.
Gold today in the forecast expect renewed growth in the value of gold to the above target levels of resistance.
Forex. Silver Forecast for today 01/22/2016
Silver has for two months remains in a narrow sideways range bound 14.35 $ ÷ 13.75 $ per ounce. At yesterday's auction quote again metal duplicate gold and price dynamics during extremely volatile trading tested the maximum and minimum daily levels at elevations - $ 14.18 and $ 13.87 per ounce. In general, the trade results January 21 the price of the March silver futures fell slightly, and at the close of the US session, recorded a level $ 14.08 per ounce.
As of this morning near term resistance for silver goes through $ 14.20 price level per ounce.
If resumed the upward movement - and this resistance is broken, - the rise will continue to target levels of $ 14.25, $ 14.40 and $ 14.60 per ounce.
Immediate support for silver settled at $ 14.05 a reversal day per ounce. If quotes overcome it - will continue to decline in price levels - $ 13.96, $ 13.87, $ 13.82 and $ 13.74 per ounce.
Silver forecast for today expect continued growth in the value of the metal to the above target levels of resistance.
On the economic calendar, Friday the focus of the market will be published in the United States and Japan in January index of business activity for the production sector.
Similar rates, including the services sector, as well as composite indexes, including the combined figures for both sectors will be issued in the euro area and the region's leading economies - Germany and France.
There will also be published and other important indicators. Among them: the economic survey of professional forecasters by the European Central Bank on the inflation rate, GDP growth and unemployment in the euro area in the 1st quarter of this year.
In addition, a substantial interest will be the publication of the December changes in the volume of retail trade, as well as details of net borrowings to finance the public sector in the UK.
Canada will present the November retail sales data and the main consumer price index for December.
And the US is to publish an index of economic activity from the Federal Reserve of Chicago, the volume of home sales in the secondary real estate market and the index of leading economic indicators for December.
In addition, on the same day will be the speech of the President of the European Central Bank, Mario Draghi, in Davos, Switzerland will continue its work International Economic Forum.
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