Forex. The forecast of the euro against the dollar (EUR / USD) as of today 02/03/2016
Positive attitude of the first half of yesterday's trading was a continuation of an upward trend, formed a day earlier. Buyers continued to "push" the course of the single European currency upward in hopes to overcome an important psychological barrier of 1.1000, a break of which would open the possibility of further growth in the euro even 400 - 500 points in the medium term.
With the opening of the US trading floors sellers managed to stop the growth of quotations from resistance 1.0940, and then drop a few points below the opening of trading 1.0894.
Traders restrained reaction to the publication of positive data on employment in Germany, showed a decline in unemployment to the lowest level in 20 years, primarily due to market expectations the ECB's next policy easing at the next meeting in March. Large investors have no illusions about the attitude change control, and do not believe that a number of positive economic indicators Evrobloka force the central bank to reduce the period of low interest rates.
The catalyst for the further growth of the pair can serve as the publication of the January US employment report (NFP) this Friday, the low will reduce the likelihood of another rate hike by the Federal Reserve and lead to a weakening of the US currency.
Today, the euro dollar expect renewed attempts to update the customer a maximum of 1.0983, the breakdown and the ability to mark 1.1000. Further reducing the pair of support will serve as a mark of 1.0890, 1.0870 and 1.0840.
Forex. Forecast GBP / USD (GBP / USD) as of today 02/03/2016
Another attempt to buyers of sterling in yesterday's trading to consolidate above the 1.4440 resistance failed.
With the opening of the Asian trading platforms couple the pound / dollar resumed its decline, losing in the first half of the day about 100 points. The impetus for the fracture market sentiment was the publication of data in business activity in the construction sector in Britain. Although they fell short of the consensus forecast of analysts, but pointed to another expansion of production in the construction industry and the well-being of the sector.
But the main destabilizing factor in the market remained protracted negotiations for two days, Prime Minister David Cameron and head of the European Council, Donald Tusk, the main theme of which is the preservation of Great Britain in the European Union. Various information related to the negotiations, falls to the press during the day, confused traders and did not contribute to the formation of a clear line of trading.
Today the pound dollar forecast assume the intensification of buyers of the British currency, the breakdown of the resistance 1.4440 and further growth to the target levels of 1.4475 and 1.4500.
The nearest support is located at around 1.4370, 1.4330 and 1.4300.
Forex. Forecast the price of gold today 02/03/2016
Opening yesterday's trading attempt to break resistance of $ 1130, the gold price sharply changed direction, thereby stopping virtually uninterrupted growth since the beginning of this week.
Reports of increased parity rate of the yuan of China's Central Bank calmed markets and led to a decrease in demand for safe-haven assets, one of which is gold.
However, despite the slight loss of initiative, the position of customers remain strong and as a result - in the middle of the day quotes rise to 12-week high of $ 1130.89 per troy ounce.
A sharp inflow of deposits in the asset, both private and institutional investors from the side together with an increase in demand for jewelry in the markets of China and India - the largest consumer of the Product quality leads to strengthen the position of customers and further price increases.
In our forecast for Wednesday, we expect steady fixing prices above the level of $ 1130 and an increase to the levels in 1134 and 1139 $ $. Levels of support will serve as a $ 1125, $ 1122 and $ 1118.
Forex. Silver Forecast for today 02/03/2016
Silver in yesterday's trading continued movement within the price range $ 14.20 - $ 14.34 with a slight advantage on the side of consumers.
Traditional demand for jewelry on the eve of the Chinese New Year, as well as the weakening of the US currency, is primarily associated with a reduction in the probability of a rate hike at the next meeting of the Federal Reserve to 17%, are the main asset of the price support and allow customers rely on the formation of a full-fledged uptrend.
The course is silver now expect growth of quotations to the levels of $ 14.30, $ 14.40 and possibly 14.55 $.With the resumption of decline in prices for the metal support will serve as a mark of $ 14.20, $ 14.15 and $ 14.00.
On the economic calendar, the environment at the center of investors' attention will be published in Australia, Japan, China, the UK and the US index of business activity in the services sector.
The same indicators and composite indices, which include the combined figures for both sectors will be issued in the euro area and the region's leading economies - Germany, France, Italy and Spain.
In addition, the euro zone is to publish the December change in the volume of retail trade and the next EU economic forecast from the European Commission.
Of considerable interest to cause such events as: the publication of the report of the Bank of England to a special committee of the British Treasury; January data changes in the number of employed in the private sector of the US economy from the agency ADP; the composite index for the ISM non-productive sphere, including the employment index of the ISM.
New Zealand will present the labor market data for the 4th quarter of last year, including: the level of unemployment in the country (the previous rate - 6%); changes in the number of employees; the proportion of the economically active population and the changes in the average hourly wage.
On the same day, a statement by the head of the Reserve Bank of New Zealand Graeme Wheeler.
Australia will publish a summary of the balance sheet of foreign trade and the dynamics of the volume of building permits issued in December.
In Japan come January consumer confidence index. The Bank of Japan will publish the minutes of the last meeting on monetary policy, and the head of the Bank Haruhiko Kuroda will deliver a speech.
And in the US statistics will be published index of mortgage lending in January, as well as data in gasoline inventories, crude oil and distillate from the US Department of Energy.
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