Forex. The forecast of the euro against the dollar (EUR / USD) as of today 22/03/2016
On Monday, the euro exchange rate resumed its decline from earlier highs.Driver euro decline was hard tone statements of a number of Fed officials about the possibility of an early increase in interest rates on the dollar.
First president of the Federal Reserve Bank (Fed) of Richmond Jeffrey Lacker, then president of the Federal Reserve Bank of St. Louis James Bullard and finally President of the Federal Reserve Bank of Atlanta Dennis Lockhart, one by one, said that the US economy is dynamic enough to justify higher interest rates in April.Given that April - is much earlier than the market expects, these statements have strengthened the US currency and, accordingly weakened the euro. Against this background, the course of the single European currency continued, albeit very moderate, decline in the previous pair. An empty economic calendar could not counter the increasing pressure of "bears" and as a result, at the end of trading, EUR \ USD tested daily low at around 1.1234, near which, and concluded the session.
The euro, the dollar is forecast for today we assume - initially, the lateral dynamics of the pair in the range of 1.1260 ÷ 1.1210, and then the new growth rate of the single European currency to the target levels: 1.1256;1.13; 1.1332 or higher in the direction -1.1385 significant resistance level.
Forex. Forecast exchange rate pound / dollar (GBP / USD) as of today 03/22/2016
British Pound on Monday was again a "bearish" pressure after the appearance of the news that the Minister of Labour and UK pensions Iain Duncan Smith resigned. Earlier, the minister expressed his dissatisfaction with the fact that the Finance Ministry to cut funding for social benefits. The market, however, saw this very differently, as this policy is one of the main supporters of the campaign for the country's exit from the EU structure, and his departure indicates a weakening of the position of supporters of continued membership in the European Union of Great Britain. Currency pair GBP / USD is against this background actively began to decline and by the end of the day tested the minimum daily level at 1.4365. An additional driver of decrease in pair became weak economic data on the balance of industrial orders from the CBI.
Dollar Pound today in the forecast assumed - initially, the lateral dynamics of the pair in the range of 1.44 ÷ 1.4350, and then continued rise of the British currency to the price levels: 1.4512; 1.4562 and 1.46.
Forex. The forecast for gold prices today 03/22/2016
Some strengthening of the US dollar in trading on Monday and continued profit-taking weighed on the price of precious metals. As a result, the price of gold, from the Asian maximum $ 1256 fell to around $ 1,240 per ounce, and then, before the end of the day trading sideways in a narrow range. A more pronounced drop in prices prevented the strong customer demand for physical metal. Message «Bloomberg» agency, confirmed the influx of new deposits in the specialized exchange-traded funds in gold (at a rate of 21.4 tonnes) stopped the decline in metal and stabilized its price dynamics.
As of this morning near term resistance for gold held by the level of the daily rotation - $ 1247 per ounce. The breakdown of this resistance when moving upward, the metal will continue to rise for the following purposes: $ 1250; $ 1255 and $ 1265 per ounce. Immediate support for gold is located in the previous local minimum - 1240 $ per ounce. If it is passed it will be possible to further decrease in metal price levels - $ 1238; $ 1232; $ 1226 or less.
Rate of gold forecast for today - the original metal growth of quotations to the price levels of $ 1247 and $ 1250 per ounce, and then the resumption of reducing the value of gold to the above targeted levels of support.
Forex. Forecast Silver Course today 22/3/2016
Silver in yesterday's trading mired in a narrow sideways range bound 15.85 $ ÷ 15.70 $ per ounce. The pressure on the metal continued to strengthen the US dollar and profit-taking within the metal correction to its previous rise.
As of this morning near term resistance for silver goes through the previous local maximum of $ 15.88 per ounce. If resumed the upward movement, and this resistance is broken, followed by a continuation of the rise to the target level - $ 15.93; $ 16.10 and $ 16.35 per ounce. Immediate support for the silver is located at the level of the daily rotation - $ 15.79 an ounce. If quotes overcome it - will continue to decline further in the direction of price levels - $ 15.69; $ 15.55; $ 15.41 per ounce and below.
Silver forecast for today - the initial growth of quotations metal to the target level of $ 16 per ounce, and then the resumption of reducing the value of silver to the above targeted levels of support.
The economic calendar on Tuesday - the focus of the market will be - published in the United States and Japan's business activity index for the manufacturing for March. Similar indicators, including the services sector, as well as composite indices, which include the combined figures for both sectors, will be published in the euro area and in the region's leading economies - Germany and France.
Significant attention of the market will cause the March report of the European Center for Economic Research - ZEW Institute index of sentiment in the business environment and the current situation in Germany, and similar figures for the euro area.
Considerable interest will also report the Institute for Economic Research in Munich, under the terms of the business environment, assessment of the current situation and economic expectations -in Germany and the UK publication of the February indices of consumer and retail prices, purchasing and selling prices of manufacturers in January to housing price index and February Information on the net volume of borrowings to finance the public sector.
Among other indicators - Australia is to publish an index of prices for housing in the 4th quarter. Japan will present the January index of business activity in all sectors of the economy, Switzerland will publish the final figures of foreign trade balance for February, including data on volumes of export and import products. In Canada, the state budget for 2016 will be published. A manufacturing index of the Richmond Fed will be presented in the United States. On the same day will be held on the speech of the Reserve Bank of Australia Glenn Stevens.
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