Forex. The forecast of the euro / dollar (EUR / USD) as of today 07/04/2016
Yesterday's trading again proved that the market is not set up to buy the US currency. Negative news in Europe has recently published abound, but even together they will turn to the euro market sales.
Factory orders in Germany fell by 1.2% in February. Index of business activity in the services sector, including composite index - in Germany and the EU were worse than market expectations. Yesterday's industrial production in Germany also fell - to (minus) 0.5%. This was yet another indication that the eurozone's leading economy is weakening and is on the verge of recession. And all this is happening against the background of strong economic statistics from the US. However, a reversal in the pair EUR \ USD can not take place. All attempts to "bears" to break through the lower boundary of the range of the side, including in yesterday's trading, here a week are unsuccessful. Euro still began to rise and the minimum protection level of 1.1325 recorded a new high at around 1.1431, which is close and ended the session. Publication of minutes of the last Fed meeting virtually no effect on the price of currency dynamics. The market has already ruled out the possibility of prices in April rate hike and, since no other surprises in it was not, it was the investors have already played the event.
Euro dollar forecast for today, we assume - the completion of the current pullback and resumption of corrective decline to a pair of target levels: 1.1385; 1.1355; 1.1327; 1.13 and possibly below to the price level of 1.1277.
Forex. Forecast exchange rate pound / dollar (GBP / USD) as of today 07/04/2016
The pound was again under the "bearish" pressure after the next poll, conducted by the UK in the run-up to the June referendum showed nearly equal results "for" and "against" the country of the EU output. Against this background, the aggressive sales of the pair caused a decrease in morning trading the British currency to the price level of 1.4004. However, another attempt to overcome the key support level of 1.40 was unsuccessful and after a failed break, the mood has changed radically in the pair. Pushed by the minimum rate of the pair turned on the rise and began to grow. Despite the fact that the particular reason for the currency growth was not observed, the "bulls" on the pound managed to recover all the daily losses and achieve a new 4-week high of 1.4169 on profit taking and closing transactions for the sale of the British currency. In this case the short-term rise of the pair changed the technical picture. At the base of the previous decline on the daily timeframe formed reversal candlestick patterns "Hammer", has warned of the impending reversal and upward movement of the pair in its medium term.
Pound Dollar forecast for today assume - original pair decrease in the price zone of 1.4074 ÷ 1.4042, and then turn the British currency to rise to the target levels: 1.4157; 1.42; 1.4230 and possibly above the level of 1.4267 reversal week.
Forex. The forecast rate of gold to date 04/07/2016
Messages that gold imports to India at constant prices decreased in February 2016 by 34%, while gold imports into China showed the lowest rate in the last three months have caused a sharp decline in demand for the precious metals market and increased sales of gold, the course of which the Asian and European session on Wednesday reached a minimum on the price at $ 1217 per ounce. An additional driver of cost reduction metal was the information that the gold reserves on the balance of specialized ETFs have also started to decline. After a strong rise in prices in the 1st quarter of funds preferred to take profits and cut metal purchases. Further, during the European and US session and metal adjusted according to the results of trading on the New York Stock Exchange «Comex» finished the day at a price level of $ 1225 per troy ounce.
As of this morning near term resistance for gold held by the level of the daily rotation - $ 1225 per ounce. The breakdown of this resistance when moving upward, the metal will continue to rise for the following purposes: - $ 1230; $ 1237 and $ 1242 per ounce. Immediate support for the gold price has settled at the level of $ 1219 per ounce. If it is passed it will be possible to further decrease in metal price levels: $ 1215; $ 1211; $ 1207 and $ 1200 per troy ounce.
Gold forecast for today expect - a short-term decline, and then turn the metal quotations and increase the value of gold to the above target levels of resistance.
Forex. Prediction silver rate today 07/04/2016
silver market is influenced by similar factors duplicated at yesterday's auction the price dynamics of gold.During the day, the metal volatile trading in a narrow sideways range, and at the end of trading fell slightly, down 8 cents to $ 15.04 per troy ounce.
As of this morning near term resistance for silver held by the level of weekly reversal 15.11 $ per ounce. If resumed the upward movement, and this resistance is broken, followed by a continuation of the rise to the target level - $ 15.19; $ 15.26 and $ 15.40 per ounce. Immediate support for the silver is located at the level of the daily rotation - $ 15 per ounce. If quotes overcome it - will continue to decline further in the direction of price levels - $ 14.90; $ 14.78; $ 14.63 per ounce and below.
Silver forecast for today propose - increase the value of silver to the above target levels of resistance.
The economic calendar Thursday in the focus of the market will be weekly data from the US in the number of initial applications for unemployment benefits and a report from the European Central Bank's monetary policy meeting.
It attracts considerable interest the publication of the UK March house price index and Canadian data on the volume of building permits issued.
In other news - Australia is to publish the March index of business activity in the construction sector. Japan will present April data on the volume of foreign investments in the country's economy and the volume of capital invested abroad. In addition, China, Australia, Japan and Switzerland make public the volume of foreign exchange reserves in March. In France, come the final balance of foreign trade figures for February, and in the statistics of the United States will be released February data on the volume of consumer credit. On the same day the Bank of Japan will perform head Haruhiko Kuroda and European Central Bank President Mario Draghi.
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