Forex. The forecast of the euro / dollar (EUR / USD) as of today 10/15/2015
Yesterday's trading the forex market, the euro dollar continued growth began in the middle of last week. In Asia and the first half of trading in Europe, buyers in the market was dominated by the euro, and were able to break through the psychologically important 1.1400 level and stay above it.
Out of negative data from US retail sales and producer price index derived from suspended animation market, led to a weakening of the US dollar and a sharp rise in quotations of the euro / dollar to a four-week high 1.1447.
According to the US Department of Commerce in September, seasonally adjusted retail sales rose by only 0.1% while economists' expectations of growth of 0.2%, while excluding autos and food sales were down 0.3%. The data for August were revised down to 0% to 0.2% published a month earlier.
The second of the above figures also disappointed market participants decline at an annualized rate of 1.1% for the eighth consecutive time. The producer price index for manufactured goods in September decreased by 1.2% to a minimum of January this year, energy prices showed a fall of 5.9%, food by 0.8%.
The euro / dollar kratkosroke looks a great opportunity to open positions to buy, but in the medium term downtrend is still not completed. Inflation is still far from the targets of the European Central Bank, and more recently growing speculation that the regulator will maintain its massive bond purchase program longer than originally anticipated, and that is, after September 2016.
The euro dollar today suggest corrective movement towards 1.1450, then expect a further growth of the pair, the breakdown of the resistance 1.1460 and the movement of quotations to the levels of 1.1490 and 1.1540.
Forex. Forecast pound / dollar (GBP / USD) as of today 10/15/2015
Sterling against the dollar in trading the foreign exchange market yesterday rose more than 200 points against, bears on the pound were not able to provide any resistance Publication of the report of the Office of National Statistics, the UK unemployment rate, falling to the lowest level since July 2008 and was 5.4%, further contributed to the discovery of long positions on sterling. The report also shows that the proportion of the population in the labor market reached its highest level since the beginning of statistics in 1971.
Presented on Wednesday, data indicate an increase in the material welfare of the inhabitants of the United Kingdom on the background of growth of productivity, and improve the situation on the labor market leads in turn to an increase in wages. According to economists, it will positively affect the purchasing power of households, after several years of decline.
Pound dollar today assume continuation of the upward trend in the growth of quotations and the pair GBP / USD resistance levels 1.5520, 1.5550 and possibly 1.5600.
Forex. The forecast rate of gold and silver as of today 10/15/2015
Gold added to the price more than $ 20 in yesterday's trading, and continues to grow steadily. Growing international risks associated primarily with the economic slowdown in China and other developing countries, forcing investors to look for more reliable financial instruments, which are traditionally ranked as precious metals.
The uncertainty of the timing of rising interest rates, as well as an additional portion of negative statistics from the US continues to put pressure on the American currency by attracting new buyers to the market. We expect this trend to continue in the near future and look forward to the growth of gold prices today to the levels of $ 1187, $ 1191, $ 1196.
A more powerful pressure buyers may even be tested is an important psychological barrier at $ 1200 per ounce, above which the price did not rise from the end of June. Immediate support for the metal is located at around $ 1178, $ 1174 $ i1168.
The price of silver in yesterday's trading also showed a positive trend, updating the three-month highs.
In our forecast for Thursday is expected to further increase in the levels of resistance to silver $ 16.15, $ 16.20, $ 16.30. Customer Support is located at $ 16.00, $ 15.95 and $ 15.89 per ounce.
The economic calendar Thursday, you can select data from China's Industrial Production for September and cumulatively - to the beginning of the year, and GDP growth for the third quarter and year to date.
In addition, significant interest to attract labor market data in the Australia, which include: the unemployment rate (the previous figure - 6.2%), changes in the number of employees and the proportion of the economically active population.
It is very important data will be published in the United States, including the September CPI, weekly data the number of initial claims for benefits Unemployment and Manufacturing Index Philadelphia Fed.
Among the other economic news - New Zealand will publish the September index of business activity in the manufacturing sector, as well as the indicator of economic confidence of consumers in October.
Japan will present these changes in industrial production and the index of business activity in the services sector in August.
Canada to unveil the dynamics of sales in the secondary market.
A unit of economic statistics from the United States will be represented manufacturing index Empire Manufacturing, change in real average weekly earnings data, and gasoline inventories, crude oil and distillate from the US Department of Energy.
Presented forecasts, the result of an analytical assessment of the situation on the currency market. Charts and comments to the forecasts, in any case, are not recommendations to customers to open transactions and are presented only as an analytical and comparative material traders in developing their own forecasts. The company assumes no liability in any form, for any losses or other damages customers, direct or indirect, that may arise in the case of forecasts, presented on our website. Traders shall bear full responsibility for the results of their work.
Forex forecast for today from MaxiMarkets