Forex. The forecast of the euro against the dollar (EUR / USD) as of today 02/29/2016
A negative factor for the euro at auction on Friday became weak inflation data in the largest economies of the eurozone. According to reports in France, consumer prices in February fell by 0.1% in annual terms. In Spain it was registered deflation of (minus) 0.8%. Final data for Germany also came below market expectations of + 0.4% (the forecast of + 0.6%).
As a result, the morning the euro was stopped, and a pair of rate of 1.1068 Asian high turned to decline. Posted latest US statistics block also did not leave investors indifferent. Real GDP growth in the 4th quarter of 2015, according to the second estimate, increased by 1% in annual terms, while analysts had expected at the level of 0.4%.
Thus, the whole of 2015 the US economy grew by 2.4%, while maintaining the level of the previous year.Strong US data triggered a collapse of the single European currency, the rate of which is tested on reducing the key support level of 1.09 and ended the day little back to the 1.0928 price level.
Euro dollar exchange rate today assume the completion of decrease in pair at the current price levels, and then turn the course of the single European currency to rise to the target levels of 1.0970, 1.0990, 1.1034, 1.1070.
Forex. Forecast exchange rate pound / dollar (GBP / USD) as of today 02/29/2016
Subject referendum on the UK exit from the EU does not lose its sharpness in the global financial markets. A new impulse to panic at auction on Friday gave a statement British Finance Minister George Osborne, who is in Shanghai for a meeting of finance ministers of the "Big Twenty" countries. Osborne said the fall of the British currency, and said that in case of EU countries face serious economic problems.
Grounds for concern investors really are. Opinion polls last week show that the majority of UK citizens inclined to withdraw from the European Union, despite the appeal of Prime Minister David Cameron. Two-thirds of Britons - eurosceptics, of whom 52% are going to vote on a referendum to secede from the European Union.48% is preferred to maintain membership in the EU. The announcement of this correction the pair stopped and the level of 1.4041 the currency launched on the decline.
Additional support for the sellers of the British currency has had a general strengthening of the US dollar after the release of strong US economic statistics. The course of couples on this background swooped down, overcome the previous week low 1.3877 and closed trading at a price level 1.3856.
The pound against the dollar today forecast the anticipated completion of the current decrease in pair and turn the British currency to rise to the following target levels: 1.3916, 1.3952, 1.40, 1.4041, and 1.4074.
It is worth considering that if the opening of the weekly trading, "bears" will be able to push the minimum level of Friday's 1.3852, and consolidate below it, then the current decline will continue to key support levels 1.38 and 1.37, and then to unfold on the corrective recovery couples to the above target levels.
Forex. Gold price forecast for today 02/29/2016
Gold prices declined at the auction on Friday of the Asian maximum level of $ 1240.14 per ounce up to 4-day low of $ 1211.29 per ounce. Drivers of steel metal reduction factors such-as: recovery of stock markets, significantly exceeded the forecasts of growth of the US GDP data for the 4th quarter and the statement by the representative Loretta Mester Fed that the Fed in 2016 should continue raising rates.
As a result, the outflow of investments in the stock markets and a stronger dollar strengthened "bearish" pressure on the precious metals, which led to a reduction in price of gold. So, on the session in New York, the price of gold recorded a closing level at around $ 1222.11 per troy ounce.
As of this morning near term resistance for zolotaprohodit the level of daylight turn $ 1224 per ounce.
The breakdown of this resistance as you move up the metal will continue to rise to the following purposes - 1231 $, 1235 $ and 1238 $ per ounce.
Immediate support for gold is located on the line 233-day moving average - $ 1220, hour timeframe. If it is passed, in which case it will be possible to further decrease in metal price levels of $ 1214, $ 1211 and $ 1200 per troy ounce.
Gold today in the forecast forward to the completion of this corrective pullback and resumption of reducing the value of gold to the above targeted levels of support.
Forex. Forecast Silver today 02.29.2016
Silver influenced by similar factors duplicated at auction on Friday the price dynamics of gold and after failing to recover quickly roll back to new lows. On the reduction of metal quotes struck the key support level of 1.15 and ended the US session on the price level of $ 14.69 per ounce, down from the previous day up 42 cents.
As of this morning near term resistance for silver held by the level of daytime turning $ 14.85 per ounce.
If resumed the upward movement - and this resistance is broken, - the rise will continue to target levels of $ 15, $ 15.15 and $ 15.25 per ounce.
Immediate support for the silver is located at the price level of $ 14.60 per ounce. If quotes overcome it - will continue to decline in price levels 14.40 and $ 14.25 per ounce $.
Silver Forecast for today expect a short-term pullback and resumption zatem- reduce the value of silver to the above targeted levels of support.
The economic calendar Monday, investors will draw data volumes of consumer and mortgage lending, the volume of loans to individuals and the number of approved applications for mortgage loan in January in the UK, as well as the data volume of pending home sales in the US, the business activity index from the Federal Reserve of Chicago and manufacturing activity from the Dallas Fed.
Considerable interest will publish in February Eurozone consumer price indices and the German data volume of retail trade and the import price index for January.
Australia is to publish the January change in private sector credit volume, the February inflation data and quarterly operating profits of companies and the volume of inventory in warehouses.
In New Zealand, will be released January changes in the volume of building permits issued; February indicator of economic confidence indicator of the business environment and expected economic activity.
Japan will report on changes in retail sales; the volume of industrial production; the volume of orders in the construction sector and the volume of bookmarks foundations of new residential construction in January.
In Switzerland, it will be published index of leading economic indicators for February.
Italy will present the February consumer price indices.
Canada will publish the January price indexes for raw materials and producer prices, as well as the current account balance for the 4th quarter balance of payments.
And in the United States held an auction for the sale of 3- and 6-month bonds of public debt.
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