Forex. The forecast of the euro against the dollar (EUR / USD) as of today 06/11/2015
Yesterday the currency market the euro / dollar fell again, and set fresh lows, but this time the fall was very modest and most of the day, the euro held in a narrow sideways range. Before the NFP key report on employment in the US (now at 16-30 Moscow time) Forex players prefer "slow down" and not to intensify the price dynamics, especially since neither Eurozone nor the United States in its economic statistics published during yesterday's trading, not We were able to rely on a significant positive.
Consumer prices in the euro area fell in September by 0.1%, and in October in general showed zero dynamics, despite the asset purchase program in the volume of 60 billion euros per month, which the ECB has launched 7 months ago to revitalize the growth of inflation. Orders in the manufacturing sector in Germany also showed a decline for the third month in a row. The weak data fueled concerns that a slowdown in China and the decline in other key emerging markets is beginning to have a negative impact on Europe's largest economy. Finally, the drop in retail sales in the euro area to the "minus" 0.1% (forecast + 0.2) completely deprived the couple of drivers to traffic.
In turn, the statistics from the US also showed negative performance. The number of initial applications for unemployment benefits rose by 13 thousand., And the performance and cost of labor decreased, respectively, by 1.6% (qoq) and 1.4%. Against this background, the players began to record profits and close positions in the buying and selling of currencies. As a result, the pair moved away from the minimum daily level of 1.0833 and recorded the close of trading at around 1.0883.
The euro / dollar is suppose - completion of lower stock euro near key support level of 1.08, and then expect a reversal of the course of Euro-currency growth to the target levels: 1.0880; 1.0916; 1.0950 and possibly above a key resistance level of 1.10.
Forex. The forecast for the pound / dollar (GBP / USD) as of today
In anticipation of the key events of the day before heading pound \ dollar in trading in Asia and early European session traded within a very narrow price range, despite the fact that the market continued active buying of the US currency. The reason for such dynamics were optimistic expectations regarding the outcome of the Bank of England's inflation forecast and control, which ultimately did not materialize. The Bank of England kept its benchmark interest rate at a record low of 0.5% per annum and asset repurchase program in the amount of 375 billion pounds. In addition, the regulator issued a negative economic forecasts for 2015 and 2016. Now, the Bank of England expects UK GDP will grow in 2015 by 2.7% and in 2016 by 2.5%, although previously forecasted GDP growth of 2.8% and 2.6%, respectively. The central bank also said that unused production capacity runs out next year, and the weakening of the global economy will put pressure on economic growth the UK. In connection with this, Mark Carney said the potential expansion of the program of financial incentives and the possible reduction of rates in the case of implementation risks. Suddenly, the "soft" rhetoric of the Bank of England and "deafening" disappointed traders who had expected a completely different attitude of the Central Bank, provoked aggressive sales of the pair, whose rate has fallen nearly 200 points from the key resistance level of 1.54 to a minimum daily level of 1.5202.
Pound / dollar today forward - completion of decrease in pair price zone 1.5170 ÷ 1.5140, and then - the resumption of rise of the British currency to the target levels: 1.5236; 1.5268; 1.53 and 1.5321.
Forex. Forecast the price of gold today 06/11/2015
Forex recommendations on gold and silver today:
On the eve of the forex rate of gold fell again yesterday to a new five-week low of $ 1102.91 an ounce.Reduced prices for the yellow metal was caused by the resumption of the outflow of metal from the special exchange-traded funds (for the last four days, the volume of deposits in the funds decreased by almost 18 tons) and the strengthening of the dollar, which, in turn, was triggered by the Fed's intention to begin in December, a rise in interest rates. As a result of the trading session 11/5/2015, December gold futures on the New York Stock Exchange «Comex» fell by $ 3.87 - up to $ 1103.80 price level per troy ounce.
As of this morning near term resistance for gold held by the level of daylight reversal - $ 1112 per ounce. The breakdown of this resistance during the upward movement will continue to rise to the metal target levels - $ 1117; $ 1123; $ 1127 and $ 1132. Immediate support for gold settled at a price level - $ 1105. If it is passed it will be possible to further decrease in metal price levels -1098 $; $ 1080 and $ 1077 per ounce.
The price of gold today expect - continued growth in the value of gold to the above target levels of resistance.
Forex. The forecast rate of silver at today 06/11/2016
A very similar trend was demonstrated, and the silver market. Here, too, there was a moderate decrease in the cost of the metal, which in the course of reducing tested the new 5-week low of $ 14.93 per ounce. By the end of the day, profit-taking and closing of transactions on sale of silver led to a slight pullback, closed the trading session at a price level $ 14.97 per troy ounce.
As of this morning near term resistance for silver goes through the 55-day moving average - $ 15.11 an ounce.If resumed the upward movement, and this resistance is broken, followed by continued rise to the target level - $ 15.20; $ 15.25; $ 15.40 and $ 15.45 per ounce. Immediate support for the silver is located at the level of the previous local minimum - $ 14.93 per ounce. If quotes overcome it - continue to decline further, to the following purposes: $ 14.85; $ 14.70 and $ 14.40 per ounce.
Silver today in the forecast are expecting - the resumption of growth in the value of silver to the above target levels of resistance.
On the economic calendar, Friday the focus of the market will be the main report on non-farm employment in the public sector of the US economy and the unemployment rate in the country. In addition, the publication will cause considerable interest in the UK - the index of business activity in the construction sector; volume of industrial production and manufacturing production and foreign trade balance for September.
Of the total unit of economic news can be identified as Canadian data on the volume of building permits issued, the unemployment rate (7.1%), change in the number of employees and the proportion of the economically active population.
In other news - Japan unveil October data on the volume of foreign investments into the economy of the country and the volume capital invested abroad, and also to publish an index of delayed, coincident and leading indicators for sentyabr.Avstraliya announce the course of monetary policy in the 4th quarter and will publish the October index of business activity in the construction industry. Switzerland will report on the employment indicators, including the unemployment rate (3.4%) and the change in the number zanyatyh.Germaniya present the September data on the volume of industrial production. And in the US statistics are presented - changes in the number of people employed in the manufacturing and the private sector; the proportion of the economically active population; changes in the average hourly earnings and average weekly working hours.
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