Forex. The forecast for the euro / dollar (EUR / USD) as of today 03/14/2016
Course pevruyu / dollar in early trade on Friday began to adjust the rally the previous day, as well as not able to overcome the maximum reached on the eve of 1.1218. Against this backdrop, investors began to take profits and close the deal for the purchase of a single European currency. This led to a decrease in couples, the rate of which tested at least at the level of 1.1080. Next, a pair of price dynamics changed.
In Germany, the February index of consumer inflation were published (which coincided with the forecast), and in Italy came out strong data volume of industrial production. Positive statistics somewhat calmed the market.Demand for the euro was back, and a pair of rate began to rise again. At the end of trading the euro / dollar recovered all morning losses, noting the top rollback on the price level of 1.1193.
The euro exchange rate against the dollar today: assuming a continuation of the course correction to reduce the single European currency to target levels 1.1128, 1.11, 1.1070, 1.1034, and below, to the key support level of 1.10.
Then we expect the resumption of growth in the euro quotations to the previous local maximum of 1.1218 and above.
Forex. The outlook on the pound / dollar (GBP / USD) as of today
Published on Friday, positive economic statistics from the United Kingdom in terms of construction and the January trade balance stopped the pair from the correctional decline reached on the eve of the maximum. The growth in construction volumes and a reduction of the foreign trade deficit was the driver of the growing demand for the pound exchange rate which resumed an upward trend, and tested as a successful outcome of a new 4-week high at around 1.4435, which completed and day trading.
Thus, over the past week exchange rate pound to dollar rose more than 300 points, while maintaining the potential for further growth.
At present, the pound dollar exchange rate forecast: assume the completion of this corrective pullback in the pair price zone 1.4330 ÷ 1.4280, and then turn the British currency on the rise in price levels 1.4435, 1.4470, 1.45.
Forex. The forecast rate of gold today
After the auction on Friday, the price of gold has updated the 13-month high of 1283 $ per ounce, the price of metal is passed to the negative dynamics, since the decisions of the European Central Bank on monetary policy in the euro area, adopted the day before, and the rise in international oil prices weakened demand to secure defensive assets. At the end of the day the price of gold futures for April delivery on the New York Stock Exchange «Comex» fell to $ 33.40 to the level of $ 1248.40 per troy ounce.
As of this morning near term resistance for gold passes on the price level of $ 1257 per ounce.
The breakdown of this resistance as you move up the metal will continue to rise to the following purposes - 1260 $, 1265 $ and 1272 $ per ounce.
Immediate support for the gold price has settled at the level of $ 1247 per ounce. If it is passed, then it becomes possible to further decrease the metal to the price levels of $ 1242, $ 1238, $ 1232 per troy ounce or less.
Gold Today: resumption of reducing the value of gold to the above targeted levels of support.
Forex. The forecast rate of silver today
Silver under the influence of the same factors duplicated at yesterday's auction the price dynamics of gold.Quotes of the metal once again tested the upper boundary of the channel, which forms the silver exchange rate since the beginning of 2015 - $ 15.72, then the price reversed on corrective weakness, noting minimum price level $ 15.44 per troy ounce.
As of this morning near term resistance for silver held by the level of daytime turning $ 15.54 per ounce.
If resumed the upward movement - and this resistance is broken, - the rise will continue to target levels of $ 15.65, $ 15.70 and $ 15.80 per ounce.
Immediate support for the silver is located at $ 15.46 weekly reversal ounce. If quotes overcome it - will continue to decline in price levels of $ 15.40, $ 15.33 and $ 15.25 per ounce.
The forecast on silver also assume the end of the current dynamics of the metal side and renewal to reduce the cost of silver to the above targeted levels of support.
The economic calendar Monday, investors will draw data Eurozone industrial output in January.
New Zealand will present the index of business activity in the services sector in February.
Japan will report on the January changes in orders for machinery and equipment.
Canada is to publish the February index of home prices.
In the United States held an auction for the sale of 3- and 6-month bonds of public debt.
On the same day, a speech by the Reserve Bank of New Zealand Graeme Wheeler.
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