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Forex forecast for today 09/23/2015: With the purchase of dollar worth wait
Forex. The forecast of the euro / dollar (EUR / USD) as of today 09/23/2015
Comments presidents of four regional banks in the US - Atlanta, San Francisco, St. Louis and Richmond confirmed the likelihood of increase before the end of the year the interest rate on federal assets. As it turned out, the Fed at its meeting was on the verge of deciding to raise rates as economic conditions in the United States to justify a tightening of monetary policy. As a result of their performances on the market sentiment began to change in favor of the dollar, but rates of the single currency in yesterday's trading came down again.
By the end of the day the pair said at least 1.1113, while maintaining the potential for further decline. Driver price dynamics of the pair he is now re-evaluation of the prospects of monetary policy of the Fed and the ECB.Moreover, the focus is directed to the position of European regulator. While the market was focused on a possible rate hike from the FOMC, he ignored the statements of some representatives of the ECB that the regulator is not happy with the slow pace of economic recovery in Europe. Now, however, against a background of changing market sentiment today ECB President Mario Draghi may give rise to a new movement of the pair.
If Draghi will make it clear that the possible extension of additional fiscal stimulus programs, while the pair euro / dollar resumed its decline.
The euro dollar today assume the completion of reduction, turn and rise of euro exchange rate to the following target levels: 1.1150, 1.12, 1.1216, 1.1257 and above towards the key resistance level of 1.13.
Do not leave without the control of the previous local low 1.1105. If the sellers of the single currency manages to overcome this level, in this case the pair may continue to price levels 1.1087 and 1.1070. In this price zone we anticipate a reversal in the pair rise to the above target levels.
Forex. Forecast pound / dollar (GBP / USD) as of today 09/22/2015
GBP / USD, for 1 hour.
Balance industrial orders according to the CBI yesterday presented an unpleasant surprise, finally cutting the ground from under the feet of the "bulls" on the pound. The report showed a sharp decline in performance (-7 against the previous value of -1). In addition, once again increased the budget deficit, registering growth of the "net" amount of loans for the financing of the public sector. As a result of the negative market sentiment with respect to the prospects of the British currency strengthened against the background of rising US dollar once again sparked aggressive sell the pair. The maximum level of 1.5528 quotes Asian currency slump tested a new weekly low 1.5339, which completed and day trading
Pound Dollar today expect to complete the reduction of quotations, turn and lift the pound to target levels 1.5382, 1.54, 1.5414, 1.5435 and up to 1.5470 price level.
Do not leave without the control of the previous local low 1.5339. If sellers pounds can be overcome this level, then the pair may continue to decline in price levels 1.5321, 1.53, and possibly 1.5267. In this price zone we anticipate a reversal in the pair rise to the above target levels.
Gold futures fell again in yesterday's trading, correcting the previous growth of metal. Driver decline are comments Fed officials, ensured the rise of the US dollar and strengthen the prospects for higher interest rates in the US later this year. In turn, the growth of the US currency has increased the pressure on gold, which quotes declined yesterday to the level of $ 1123.14 an ounce. Profit at the end of the day allowed the "bulls" partially reduce losses. As a result, at the end of the day December gold futures on the New York Stock Exchange «Comex» fell $ 8.64, at the close of trading $ 1124.56 per troy ounce.
As of this morning near term resistance for gold is held in terms of daily and weekly reversal of $ 1127.54 per ounce. The breakdown of this resistance will continue the upward rise of the metal to the following price levels - $ 1132, $ 1136 and $ 1142 per ounce. Immediate support for gold is located on line 233-day moving average - $ 1117. If it is passed, in which case it will be possible to further decrease the metal price levels - $ 1109, $ 1110 and below in the direction of $ 1,100 per ounce.
Gold today in the forecast assumes continuation reduce the value of gold to the above target levels of support.
Silver at auction on Tuesday under the influence of the same factors duplicated the price dynamics of gold. By the beginning of the American session the quotations of the metal from the opening day level fell by 45 cents per ounce and recorded a new low at around $ 14.71, which completed and trade.
As of this morning near term resistance for silver is located on line 233-day moving average of $ 14.85. If resumed the upward movement - and this resistance is broken, - the metal will rise to the price levels of $ 14.90, $ 14.95 and $ 15.00 per ounce. Immediate support for the silver passes for $ 14.70 price level. If quotes overcome it - will continue to decline in price levels of $ 14.55, $ 14.45 and 14.35 per ounce.
Silver today in the forecast also expect to reduce the cost of the metal to the above targeted levels of support.
Japan continues to celebrate. At this time - the Autumnal Equinox Day. The markets are still closed. Statistics are not published.
The unit of economic statistics environmental focus would be published in the United States and China, the September index of business activity in the manufacturing sector.
The euro zone, together with the major economies of the region - Germany and France will also present indexes of business activity in the manufacturing sector and the service sector, including including composite indices, which include the combined figures for both sectors.
Another very important factor will be the publication of the July dynamics of retail sales in Canada.
France will publish the final figures of GDP growth for the 2nd quarter.
The Swiss National Bank will submit a quarterly report on inflation .
And in the US statistics will be presented to the monthly index of mortgage lending, as well as data in gasoline inventories, crude oil and distillate from the US Department of Energy.
Today will be the speech of the President of the European Central Bank, Mario Draghi.
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