Forex. The forecast of the euro against the dollar (EUR / USD) as of today 01/28/2016
On the eve of the announcement of the results of two-day Federal Reserve meeting on yesterday's trading the dollar resumed its decline. This allowed customers to test intermediate maximum EUR 1.0912.
A strong report on the housing market, which showed almost 11% rise in new home sales, to halt the decline of greenbacks, and drove the euro to the dollar zone morning lows in the 1.0859 price level. However, the US dollar again lost ground after the Fed's accompanying statement of the Committee on Open Market Operations USA. FOMC members noted the slowdown in the US economy in 2015. Warning forex players brought word that the Committee evaluates the developments in the global economy and financial markets from the perspective of their impact on economic risks. Investors interpreted this statement as "soft" and as a recognition of the fact that the Central Bank will not raise interest rates quickly. The course of the euro / dollar is against this background has updated the previous high, but was never able to overcome the defense of the "Bears" at a price level 1.0916.
Nevertheless, we continue to believe that short-term prospects for price developments euro dollar biased in favor of the "bulls" on the euro. Investor behavior also suggests that the desire to sell the euro weakened significantly - increased volatility in the financial markets restrains the activity of amateur risk trade and carry traders. The technical picture at the same time also gives hope for the development of recovery.
Today, the euro against the dollar alleged attempt to pair to resume growth and to test the level of 1.0916 yesterday's high.
If the "bulls" on the euro will be able to gain a foothold above this level, then the pair will continue to the following objectives: 1.0950, 1.0985, and 1.10.
If we overcome this level will not be possible, in which case the course of the single European currency will be developed to reduce such target levels, such as: 1.0883, 1.0849, 1.0816, and 1.08.
Forex. The forecast for the pound / dollar (GBP / USD) as of today
Recovery rate GBP / USD from the multi-year lows near 1.0478 flows rather sluggishly. The pound against the dollar can not overcome the level of 1.4365. Other prerequisites for a sharp rise in addition to the formation of the British technical correction is not observed.
Recall that the recent statement by the head of the Bank of England Governor Mark Carney has only confirmed that at the moment we are to raise the interest rate on the national currency is not even going. Carney noted that the transition to a more rigid monetary policy will need to accelerate the pace of economic growth and the restoration of normal costs per unit of output. That is, in fact, inflation and wages. However, to date to achieve this in 2016 it will be difficult, consequently increasing rate is delayed at least for 2017.
In such circumstances, the pound will be difficult to continue the recovery. Currency looks worse than other major currencies and the absence of economic data from the UK remains "bearish" trend. Moreover, the situation is aggravated by the anxiety of investors about a possible exit from the Eurozone UK. Against this unfavorable background, the pair resumed its decline, gave the closing at a price level 1.4242, but while maintaining the possibility of renewed upward correction.
Pound dollar today in the forecast forward to the completion of the current decrease in pair and the turn of the British currency to the target level 1.4276, 1.43, 1.4358, and possibly to the key resistance level of 1.44.
Forex. Forecast the price of gold today 01/28/2016
Gold futures declined in trading on Wednesday before the announcement of the Federal Reserve System, as investors feared that the Fed is in their assessments may be optimistic and confirms the March rate hike.
However, "soft" tone of the statement and the recognition of the instability of the US and the global economy has reduced market expectations of tension and increased the likelihood that the Fed will not rush to increase rates.
Against this background the reduction of gold stopped and quotes metal rushed up, to test a new 3-month high of $ 1127.91 per troy ounce. Optimism customer support and attention of the Department of Census and Statistics of Hong Kong that in December, China imported from that country 129 tonnes of gold. This was the highest amount since October 2013 and exceeded the corresponding period last year by 81%.
As of this morning near term resistance for gold held by the level of the previous local maximum of $ 1128 per ounce. The breakdown of this resistance will continue the upward rise of the metal to the following objectives - $ 1132, $ 1138 and $ 1142 per ounce.
Immediate support for gold is located at the level of $ 1122 a day reversal. If it is passed, then it becomes possible to further decrease in metal price levels to $ 1117, $ 1109 and $ 1104 per troy ounce.
Gold today forecast: assume corrective pullback in the price of the metal zone 1117 $ ÷ $ 1115 per ounce, followed by the resumption of growth in gold prices to the above target levels of resistance.
Forex. Silver Forecast for today 01/28/2016
Silver in yesterday's trading showed increased volatility, but never came out of the lateral movement. Metal twice said minimum price at $ 14.33 per ounce and tested again at the end of trading the previous local maximum of $ 14.54. Fix the metal above failed and silver prices once again began to be corrected.
Thus, at the end of trading session, the March futures price of silver fell compared with the previous day by 2 cents and made $ 14.47 per troy ounce.
As of this morning near term resistance for silver goes through the previous local maximum of $ 14.55 per ounce.
If resumed the upward movement - and this resistance is broken, - the rise will continue to target levels of $ 14.63, $ 14.70 and $ 14.85 per ounce.
Immediate support for silver settled at $ 14.45 a reversal day per ounce. If quotes overcome it - will continue to decline in price levels of $ 14.38, $ 14.25 and $ 14.17 per ounce.
Silver is in the forecast for today expect a corrective retracement in the price of the metal zone 14.36 $ ÷ 14.25 $ per ounce, and then followed by the resumption of the value of silver to the above target levels of resistance.
The news block on Thursday the focus of economic performance of the UK market, including: preliminary data GDP growth in the 4th quarter, the November index of business activity in the service sector and retail sales according to the CBI in January.
It attracts considerable interest the publication of the weekly US data the number of initial applications for unemployment benefits, and the volume of orders for durable goods in December.
New Zealand will publish a final trade balance for December and the dynamics of exports and imports of goods.
Australia will publish indices of export and import prices in the 4th quarter.
Japan will present the January data volume of foreign investment in the economy and the amount of capital invested abroad, as well as changes in the volume of retail trade in December.
In Germany, will be published by the main and harmonized (adjusted for tax changes), consumer price index and import price index.
Spain will report the unemployment rate for the 4th quarter (previous figure -21.18%).
In Italy, there are data changes in the level of hourly wages for December.
A euro zone will publish today the January index of economic confidence in industry and services, as well as the indicator of consumer confidence for January.
For more information on the movement of currencies in the market, please visit "Maximarkets.ru" under "Research".
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