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Forex forecast for today 09/28/2015: Buyers pound and the euro do not hand position!
Forex. The forecast of the euro / dollar (EUR / USD) as of today 09/28/2015
Trading forex on Friday opened collapse of quotations of the euro dollar exchange rate against the background that the new speech Janet Yellen and her words about the fact that the first rate hike will take place in the current 2015, reached a level of 1.1188 (- 42 points). In this short-term stabilization of the euro, the dollar after its fall has not changed the price dynamics of the pair.
Before the release of US GDP data, Forex traders have again started to sell the euro currency, has fallen off course to a new low - 1.1116. But here, the situation has changed. The message of the ECB that the private sector lending in the euro area has increased and continues to grow, has returned to the market demand for the single currency. Even strong output data and the US did not stop the euro. The euro dollar quickly regained morning losses and by the end of the day fixed the close of trading on the price level of 1.1201. Thus, demonstrating the volatile trading on Friday multidirectional movement of the euro on the day fell only slightly (- 27 points), while retaining the potential direction of currency for continued growth.
The euro dollar is suppose - short-term correction, then the resumption of growth in the euro to the price levels: 1.1225; 1.1277; 1.13 and possibly to 1.1330. Also, control and a minimum level of last week - 1.1116. If sellers can break this level and gain a foothold under him, the course euro / dollar may decline to renew and test the lower boundary of the rising channel - in price zone 1.1087 ÷ 1.10, and then expect to turn and rise of the single currency to the above target levels.
Forex. Forecast pound / dollar (GBP / USD) as of today 09/28/2015
GBP / USD, for 1 hour.
On the last trading day of last week's forex sterling lost to buck again - first in cross-country have fallen against the euro and then, against the greenback. An additional driver, the efforts fall "British", was the release of strong US data on GDP growth and economic sentiment of consumers. Against the background of complete lack of significant economic news from England sterling buyers have not been able to counter the strong selling pressure, and the beginning of trading in the US, having lost on the decline of more than 120 points, recorded a new 5-month low at around 1.5133. After that, traders have started to fix the profit and close the deal to sell the currency ahead of the weekend, which allowed the Briton slightly adjusted losses and finished the session at 1.5198 price level.
Pound dollar today assume - the completion of the previous decline, turn and lift the British currency to the target levels: 1.5240; 1.5268; 1.53 and higher, towards 1.5321 price level.
Forex. The forecast rate of gold and silver as of today 09/28/2015
XAU / USD, 4:00.
Forex recommendations on gold and silver today:
On Friday's trading price of gold showed a negative trend on fresh signs of improving US economy and comments the head of the Federal Reserve Janet Yellen, identified themselves as supporters of the interest rate increase this year. At the end of the day December gold futures on the New York Stock Exchange «Comex» fell by $ 8.11 - up to $ 1145.64 per troy ounce.
As of this morning near term resistance for gold passes through the price level - $ 1158 per ounce. The breakdown of this resistance during the upward movement will continue to rise in the following metal price levels - $ 1162; $ 1170 and $ 1176 per ounce. Immediate support for gold is at the level of day reversal - $ 1141. If it is passed it will be possible to further decrease in metal price levels - $ 1132 and $ 1127 per ounce.
Rate of gold today in the forecast assumed - the completion of the current correction and the resumption of growth in the value of gold to the above target levels of resistance.
The cost of silver in yesterday's trading virtually unchanged, although during the day quotations of the metal is very volatile reacting to strong US data on GDP growth for the 2nd quarter and consumer confidence from the University of Michigan. The range of volatility just after the publication of the data is 23 cents per ounce, however, resulted in only a slight decrease in trading metal rate to the level of $ 15.08 per ounce (- 5 cents).
As of this morning near term resistance for silver settled at a price level - $ 15.24. If resumed the upward movement, and this resistance is broken, the metal may rise to the following objectives - $ 15.42; $ 15.48 and $ 15.60 per ounce. Immediate support for the silver held by the level of daylight reversal - $ 15.05 an ounce. If quotes overcome it - continue to decline further, to the price levels - $ 15; 14.95; $ 14.90 per ounce and lower.
Silver today expect - the resumption of growth in the value of silver to the above target levels of resistance.
The economic calendar Monday - China unveil the dynamics of volume of industrial profits in August.
Japan is to publish the indices lagged, coincident and leading indicators for July.
Italy will present the index of economic confidence for September.
The European Central Bank will announce the weekly volume of purchases of securities.
US was to publish - changes in income levels and spending; main index for personal consumption expenditures;deflator for personal consumption expenditures, as well as changes in the volume of unfinished home sales for August and the index of manufacturing activity from the Dallas Fed.
In addition, in the United States and France will be held auctions for 3-, 6- and 12-month bonds public debt, as well as performances by - the head of the Bank of Japan's Haruhiko Kuroda and the Fed, William Dudley and Daniel Tarullo.
Presented Forex forecast for today, is the result of an analytical assessment of the situation on the currency market Forex. Charts and comments to the forecasts, in any case, are not recommendations forex traders to open transactions and are presented only as an analytical and comparative material in the development of their own forecasts. The company assumes no liability in any form, for any losses or other damages forex traders, whether direct or indirect, that may arise in the case of forecasts, presented on our website. Forex traders shall bear full responsibility for the results of their work.