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Forex forecast for today 09/14/2015: Currency at the start! Traders are waiting for a signal from the Fed!
Forex. The forecast of the euro / dollar (EUR / USD) as of today 09/14/2015
The euro / dollar forex trading Friday mostly flat. Before the Fed meeting (on Thursday of this week), investors preferred to be cautious and not to open new trades. But despite the fact that the general risk aversion has led to falling stock markets and the transfer of funds into defensive assets, the euro did not help to grow.
Course EUROUSD sluggish hovered around 1.1285 price level. The situation changed after the release of negative data on US consumer sentiment and evaluation of the current situation. Weak performance (below forecast and the previous value) have changed the dynamics of the couple, provoke another dollar sale and purchase of the single European currency. Against this background, by the end of trading, the euro against the US dollar reached a level of 1.1349, which is close to and has completed a week-long trade.
The euro dollar is suppose - a short-term decline in the dollar quotation euro zone price 1.1216 ÷ 1.1170, and further spread of the euro to rise to a new cycle of its upward movement. Target levels rise: 1.1385; 1.14;1.1437; 1.1464 and above.
Forex. Forecast pound / dollar (GBP / USD) as of today 09/14/2015
GBP / USD, for 1 hour.
Sterling foreign exchange market on Friday suspended the growth and active throughout the day trading in a narrow sideways range bound 1.5460 ÷ 1.5398. The background for such dynamics become weak economic statistics from Britain showing lately a clear slowdown in the economy. In particular, we are talking about indexes of business activity in the manufacturing sector and the service sector, the fall of the volume of construction and industrial production. Under these circumstances, investors reduced the activity of the British currency purchases, preferring to wait for the Fed's decision on interest rates on the dollar. The exchange rate pound dollar remains near the maximum weekly levels, while maintaining the potential for further growth.
Pound Dollar today assume - the continuation of the downward correction of the pair and the depreciation of the pound to the dollar target levels: 1.54; 1.5380; 1.5356; 1.5321 or lower.
Forex. The forecast rate of gold and silver as of today 09/14/2015
XAU / USD, 4 hours.
Forex recommendations on gold and silver today:
Gold trading forex on Friday as well, and the whole week was a "bearish" pressure. Quotes metal struck on reducing the key support level of $ 1,100, and then tested the new weekly low at around $ 1098.59. The driver of the downward trend was on the one hand, the recovery of stock markets and the withdrawal of investors in risky assets (stocks, securities, etc.), on the other hand, the positive statistics from the US, increase the likelihood of a rate hike in September. In the US session, selling pressure eased and ahead of the weekend, "bulls" in part to win back losses, ending a week-long trade on the price level of $ 1107.37 per troy ounce (+ $ 8.78).
As of this morning near term resistance for gold passes through the reversal week - $ 1111 per ounce. The breakdown of this resistance, when the upward movement will continue to rise in the following metal price levels - $ 1117; $ 1123 and $ 1126 per ounce. Immediate support for gold is located in the $ 1099 price level. If it is passed it will be possible to further decrease in metal price levels - $ 1090; $ 1080 or less.
Gold forecast for today assume - a reversal of quotations and the rising cost of gold to the above target levels of resistance.
Silver at auction on Friday followed the dynamics of the gold remaining in the 2-week range of lateral movement. Quotes during trading tested the maximum and minimum levels at elevations of $ 14.76 and $ 14.27, and finished trading correctional back to the price level of $ 15.57 per ounce.
As of this morning near term resistance for silver is located at the weekly reversal - $ 14.59. If resumed the upward movement, and this resistance is broken, the metal could rise above, to the price levels - $ 14.71; $ 14.86 and $ 14.93 per ounce. Immediate support for the silver held by the level of daylight reversal - $ 14.53.If quotes overcome it - continue to decline further, to the price level - $ 14.27 per ounce and lower.
Silver today in the forecast are expecting - the resumption of growth in the value of the metal to the above target levels of resistance.
The economic calendar Monday should pay attention to the dynamics of industrial production in the euro area;Data from Switzerland on changes in the real volume of retail trade for June and the import price index and producer prices for August.
Also of interest are the data from Japan's index of business activity in the services sector; changes in the volume of industrial production and capacity utilization for July.
Among other economic news - Italy will publish the consumer price index for August.
The European Central Bank will announce the weekly volume of purchases of securities.
In the US and in France will be held auctions for the sale of 3, 6 ti and 12-month government debt.
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