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Forex forecast for today 06/10/2015: The euro / dollar declines, traders are waiting for Mario Draghi speech!
Forex. The forecast of the euro / dollar (EUR / USD) as of today 06/10/2015
Yesterday's forex trading, the euro / dollar showed a downward trend, which began driver statistics of the countries of the European Union. The composite index of business activity (PMI) fell to 53.6 points compared to 54.3 points in August. The index of business activity in the services sector of the Eurozone dropped to a mark of 53.3 in September. Additional publications negative statistics of business activity in Spain, Italy, France and Germany were the trigger for strengthening the position of prodavtsov.Kurs dollar continued to rise, despite the negative performance of the index of business activity in the US service sector.
General investor sentiment, aimed at asset trading the euro / dollar on Monday, supported by unidirectional fundamental data. Day downward momentum pushing a couple of more than 100 points, bringing the pair euro / dollar is almost completely regained the ground lost on Friday after the release of sensational disappointing NFP.
The euro dollar today: the expected correction of the euro against the dollar to 1.1210 resistance level, if the morning stats Germany will meet forecasts of experts. Then turn and assume a further decline of quotations euro support levels 1.1135, 1.1100 and 1.1080, particularly if ECB President Mario Draghi will not give buyers optimism of the single European currency.
Forex. Forecast pound / dollar (GBP / USD) as of today 06/10/2015
GBP / USD, for 1 hour.
Monday's trading session was characterized by a pronounced downward movement of the pair GBP / USD in the second half of the day. Open from 1.5183 level, the pair completed a local downtrend from 1.5135 daily low. Published yesterday, the index of business activity in the services sector in Britain was lower than expected. The real indicator of 53.3 against the forecast of 56.0 was the lowest level this year. Incoming throughout the trading day Eurozone negative statistics further strengthened attitude of sellers.
Pound dollar today expect further depreciation of the pound / dollar with a possible back price after the publication of the index of house prices from Halifax, if the release would be higher than expected. In this case, a pair of buyers check the resistance level 1.5170. Due to the fact that on Tuesday is expected publication of important statistics UK can change the direction of the three-week downtrend, expect the players to drop in a pair pound / dollar further initiatives. The aim of the sellers become support levels 1.5120, 1.4950 and possibly 1.4880.
At the auction on Monday demonstrated gold restrained decline in a narrow range $ 1130 - $ 1142 against the backdrop of a strengthening dollar. All valid effect of the weak US employment report and the negative data of China's economy, although the tone of trading ask market participants preferring riskier than gold assets.
Rate of gold today expect further lateral movement of quotations metal. Gold will be supported at a mark of $ 1127 and resistance at 1146 $. Interception initiatives sellers most likely, as an asset in the zone "overbought", and big investors may consider this justified the entry point to open short positions. In this case, we see the movement marks to 1121 $ and 1117 $ per troy ounce.
The price of an ounce of silver is moving in the opposite of gold. Quotes metal struck resistance level of $ 15.65, which was formed in August of this year. If customers will be able to gain a foothold above the mark $ 16.20, then we can talk about the current uptrend of silver.
Course silver today expect a correction of the metal to the support level 15.40 $. In the continuation of the afternoon session of the upward movement is expected to recover to the levels of resistance of $ 15.75, $ 16.05 and possibly 16.20 $.
China continues to celebrate the Day of the Republic. Markets are closed, the statistics are not published.
The greatest interest in this day is published in the early morning the decision of the Reserve Bank of Australia on the basic interest rate and the accompanying statement to the decision.
In addition, the focus of the market will be the publication in the United States, Australia and Canada - totals balances foreign Trade for August. Among other economic news - The euro zone, Germany, France and Italy will present the September index of business activity for the retail sector.
Germany also to publish an index of business activity in the construction sector, as well as the data volume of industrial orders in August.
The United Kingdom will report the volume of mortgage loans for the 2nd quarter and the September dynamics of housing prices. Switzerland will publish the day the September consumer price index.
In the euro zone finance ministers' meeting will continue the countries - participants of the currency bloc, and will take a new address by the President of the European Central Bank, Mario Draghi.
In Canada, will be published index of business activity in the manufacturing sector.
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