Forex. The forecast of the euro against the dollar (EUR / USD) as of today 02/26/2016
Euro exchange rate is almost no reaction to the January inflation data in 19 countries of the Eurozone, published on Thursday. In the final assessment, inflation in the region accelerated to 0.3%, which was below analysts' forecasts (0.4%). The findings increase the chances of the introduction of additional measures to stimulate the economy European Central Bank in March. This is likely to lead to cheaper euros.
However, the negative outlook did not prevent the decline in the euro to stop and even go in the plus zone.Following the auction, the European currency recorded growth to the level of 1.1018 (+ 5 points).
Driver current reversal is negative and often contradictory US economic statistics in recent days. Thus, the preliminary index of business activity in the US service sector in February fell to 49.8 (from 53.2 - in January).Earlier Tuesday, came a weak index of business activity in the manufacturing sector, the Federal Reserve Bank of Richmond (in February - minus 4protiv forecast 2). The level of consumer confidence also declined (92.2 - in February vs. 97.0).
All these factors speak in favor of a weaker dollar, since the market can determine the opinion of the Fed's decision not to raise interest rates. Sustainable attitude to this left "outside" even strong US data on durable goods (up 4.9% after the collapse of a 5% - a month earlier). The market simply ignored. Favorited market remained more safe assets such as gold, the yen and the euro. The single European currency as the currency is bought actively funding every time during the flight of investors from risky assets.
Today, the euro to dollar forecast : expect the resumption of rise of the single European currency for the following target levels of 1.1050, 1.1075, 1.11, 1.1129 and possibly to 1.1150. In the area of the resistance line 233-day moving average of 1.1075 (hourly timeframe), we expect a short-term correction, and then a new rise of the pair to the above price levels.
Forex. Forecast exchange rate pound / dollar (GBP / USD) as of today 02/26/2016
The pair GBP / USD corrected yesterday from a 7-year low amid easing market fears about the fact that the UK may withdraw from the European Union structure. In addition, the recovery of the pound was supported by the positive data of the UK economy, published on Thursday. According to the report, GDP growth in the 4th quarter of 2015 increased by 0.5% MoM and 1.9% YoY, which corresponded to the preliminary estimate of economists. In addition, it is the second largest growth among the countries of the "Big Seven" (in the US - 2.4%). The data reinforced the demand for the national currency and changed the pricing dynamics of the pair.From the level of 1.3927 the day of opening the course pair GBP / USD climbed to 1.3995 and finished the session little back to the 1.3965 price level.
Today forecast the pound against the dollar: assume a short-term correction of the pair and try to test the previous local low 1.3878. Further forward rotation and lift the British currency to the target levels of 1.4035, 1.4074, 1.4167 and 1.41.
Forex. Gold prices today 02/26/2016
After two days of sharp growth of gold at bids on Thursday corrected. The movement was restrained and hardly reflected the news background: data on orders for durable goods in the US in January came out better than expected, the stock market inEurope and the United States rose as the price of oil.
The cost of gold futures on the day consolidating in a sideways range, in terms of a downward correction is "bearish" signal, warning of further decline. The level of closing of yesterday's trading on the April futures on gold was in small "plus" ($ 9.28) and amounted to $ 1233.53 per troy ounce.
As of this morning near term resistance for gold passes on the price level of $ 1243 per ounce. The breakdown of this resistance as you move up the metal will continue to rise to the following purposes - 1251 $, 1255 $ and 1260 $ per ounce.
Immediate support for gold is located at $ 1233 daily reversal. If it is passed, then it becomes possible to further decrease the metal to the price levels of $ 1226, $ 1219 and $ 1215 per troy ounce.
Gold Forecast for today: forward to the completion of the current dynamics of the metal side and the resumption of reducing the value of gold to the above targeted levels of support.
Forex. Forecast Silver today 02.26.2016
Silver in yesterday's trading continued to duplicate the price dynamics of gold and after testing the strong support and resistance levels ($ 15.30 and $ 15) finished the session at a price level of $ 15.14, down from the previous day at 9 cents per troy ounce.
As of this morning near term resistance for silver passes on the price level of $ 15.25 per ounce.
If resumed the upward movement - and this resistance is broken, - the rise will continue to target levels of $ 15.40, $ 15.60 and $ 15.80 per ounce.
Immediate support for the silver is located at the price level of $ 15.03 per ounce. If quotes overcome it - will continue to decline in price levels 14.95 and $ 14.70 per ounce $.
Silver today in the forecast: expect the resumption of reducing the value of silver to the above targeted levels of support. Break down the previous local minimum of $ 14.92 per ounce confirm further decline in metal.
In Friday's economic calendar in the focus of the market will be US economic indicators, including: updated GDP growth data for the 4th quarter; GDP price index; personal consumption expenditures index; January changes in the level of income and expenditure; the balance of foreign trade; index of economic confidence of consumers;assessment of current conditions and inflation expectations (for the year and 5 years) from the University of Michigan.
New Zealand will report on the outcome of foreign trade balance in January, including exports and imports.
Japan is to publish an index of consumer prices in January.
Germany and Spain unveil the February index of consumer prices.
in France, there are data of GDP growth for the 4th quarter, the January consumer spending and producer price index.
Italy will report on the January level of hourly wages.
The euro zone will present today the business environment conditions indicator, as well as the February index of consumer and economic confidence in industry sector and the services sector.
The consumer confidence indicator for February is also to publish UK.
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