Forex. The forecast of the euro against the dollar (EUR / USD) as of today 01/25/2016
The dollar again strengthened against the basket of major currencies on Friday as rising expectations of further easing of monetary policy of the ECB and other major central banks outweighed reduces the chances of the Federal Reserve rate rise in the United States.
In addition, following a statement by Mario Draghi of the March reassessment of monetary policy of the ECB on the market there was a surge of interest in risky assets and, accordingly, the sale of the euro as the currency of financing transactions with high-yield risk trade.
As a result, after a decline from 1.0876 high on Asian nearly 90 points the pair at the end of day trading, fixed the minimum price level of 1.0789, and who completed a week-long trade.
Today, the euro against the dollar implies the completion of the current decrease in pair price zone 1.0765 ÷ 1.0710. If the lower limit of the range (1.0710) is broken, in which case the course EUR / USD test the 1.0670 level. Then forward to the resumption of the upward movement of the pair to target levels of 1.08, 1.0820, 1.0850.
Forex. Forecast pound / dollar (GBP / USD) as of today 01/25/2016
The British pound at auction on Friday also strengthened after the "dovish" comments the head of the ECB, Mario Draghi, ignoring the disappointing retail sales in the UK. According to the National Bureau of Statistics retail sales fell in December by 1% and increased by 2.6% year on year. Economists had expected a deterioration in sales, but to a lesser extent.
However, the resulting film was somewhat offset by the release of positive statistics reduction of loans to finance the public sector. The volume of borrowing in the state. sector declined in December, higher than expected and amounted to 6.9 billion pounds against 13.6 billion. in November.
Additional support for the "bulls" on the pound had a statement and a member of the Monetary Policy Committee of the Bank of England Martin Vail that weak inflationary pressures, preventing the top of the revision rates can easily be offset by the low exchange rate of the British currency.
As a result, the pair continued upward trend and recorded a new high of 1.4361.
Strong US data statistics at the end of the day the pair stopped and called corrective pullback currency closed the trading session at a price level 1.4260.
Today, the dollar exchange rate of sterling forward to the completion of the current decrease in pair price zone 1.4230 ÷ 1.4190. What follows is expected to resume raising the British currency to the following target levels: 1.4361, 1.44, 1.4470.
Forex. Forecast the price of gold today 01/25/2016
By the end of last week the price of gold fell back below $ 1100 per ounce, reflecting the strengthening of the US dollar, a significant growth of stock markets and the recovery in oil prices. All this, in turn, returned to the market interest in the profitable operations with risk assets and reduced the demand for gold as an "asset protection" security zone.
However, at the end of the week the growth of the price of gold remained, and during Friday's trading cost reduction metal was very limited. By the end of February gold futures fell $ 3.27 fixed the close of the trading session on the price level of $ 1097.78 per troy ounce.
As of this morning near term resistance for gold held by the level of daylight turn $ 1098 per ounce. The breakdown of this resistance will continue the upward rise of the metal to the following objectives - $ 1104, $ 1109 and $ 1117 per ounce.
Immediate support for gold is located on line 233-day moving average - $ 1093 per ounce (hour timeframe). If it is passed, then it becomes possible to further decrease the metal to the price levels of $ 1090, $ 1080 and $ 1077 per troy ounce.
Gold forecast for today expect the resumption of growth in the value of gold to the above target levels of resistance.
Forex. The forecast rate of silver at today 01/25/2016
Statement by the Vice-President of China Li Yuanchao that China has no plans to further devalue the national currency and will continue to intervene in the stock market increased optimism in commodity markets and sparked including a sharp rise in the value of silver. The course of this metal on the level of $ 14.06 the day of opening soared in zone 2-week highs and gave rise to the top of the price level of $ 14.33 per ounce.
The momentum of growth, however, was very short-lived. Strengthening of the dollar across the board led to profit-taking and closing transactions for the purchase of metal.
As a result of the March futures price of silver at auction on Friday and fell again at the end of US session on the New York Stock Exchange «Comex» amounted to $ 14.02 per troy ounce.
As of this morning near term resistance for silver goes through weekly reversal level of $ 14.08 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 the silver is located at $ 13.95 price level per ounce. If quotes overcome it - the decline will continue in the following price levels - $ 13.87, $ 13.82, $ 13.82 and $ 13.63 per ounce.
Silver forecast for today expect a resumption of growth in the value of the metal to the above target levels of resistance.
The economic calendar Monday the focus of investors will be the January report of the Institute for Economic Research in Munich, under the terms of the business environment, assess the current situation and economic expectations in Germany.
Considerable interest will be the publication of the UK balance of industrial orders according to the CBI in January.
The European Central Bank will announce the weekly purchases of securities.
German Central Bank (Bundesbank) will publish a monthly report on the situation in the intervening period.
Australia will present the December index of business confidence and conditions for business development.
Japan is to publish the general and adjusted for seasonal factors, the balance of foreign trade in goods in December, changes in the volume of exports and imports, as well as the index of leading and coincident economic indicators.
Italy will report on the volume of industrial orders and retail trade for November.
In the US, it will be published index of manufacturing activity from the Dallas Fed.
Today will be the speech European Central Bank President Mario Draghi.
And in France and the United States held auctions for 3-, 6- and 12-month government debt.
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