Forex. The forecast of the euro against the dollar (EUR / USD) as of today 11/23/2015
Course evrovrovalyuty to greenbacks spent the past week in the framework of a short-term trend of the horizontal with the upper limit on the value of the resistance level of 1.0750 and the bottom at 1.0630. Moreover, from the beginning of the week there was quite predictable wave motion, latching local maximum 1.0760 on Thursday and subsequent descent to the area of a local minimum of 1.0630 on Friday.
Future prospects of the dynamics of the course, to a large extent, depend on investor sentiment towards the US dollar because of the single currency picture is clear enough - a set of factors such as the policy of the European Central Bank, is uniquely designed to depreciation of the euro, the centers of economic instability, such as, such as Greece, once again "slips" for the adoption of the necessary loans for more reforms, and of course the political instability caused by the influx of refugees and the risk of new terrorist attacks by Islamic fundamentalists continue to define a medium-term downtrend. On the other hand, the expectations of most investors and analysts rate hike by the Federal Reserve at its next meeting on December 16 stimulates the growth of the dollar for more than a month, and as a result, we are now seeing a certain overbought US currency and, hence, the possibility of correction.
The euro / dollar is now in the forecast: local picture will be determined by the publication of macroeconomic statistics, which will complement the understanding of the current situation in the economy of the Old World.Index of business activity in the manufacturing sector and the service sector in France and Germany will be released at 11:00 and 11:30 Moscow time. Then we learn the consolidated volume of industrial production of the European Union as a whole, but, presumably, surprise he was not able to, because the data on the largest economies included in this index, German and French, at this point will already be known. In that case, if the opening of the market will not cause serious turmoil, these factors will determine the further direction of movement. If the data come in positive zone, it is enough to likely increase resistance levels 1.0700 and 1.0750. When you publish an index that will give reason to assume a further decline of the economy in continental Europe, it is likely that the support level 1.0630 is broken, and the course will continue its decline to the 1.0550 and 1.0500 marks.
Forex. Forecast pound / dollar (GBP / USD) as of today 11/23/2015
Completion of the previous trading week the currency pair Pound \ dollar, similar to a pair of euro / dollar picture indicates that the British pound, despite the great at the beginning of the previous week from other dollar pairs behavior caught the general trend of growth of the US currency. It can be noted that the value of the British pound continues to be the medium-term downtrend, which is clearly evident on the daily chart.Consequently, the more likely is the possibility of continuing depreciation during Asian and European trading on November 23 which will be the immediate goal of the support level 1.5120. As a more distant goal of a mark located on the value of the current month minimum 1.5020, below which the movement this week is rather unlikely.
Pound / dollar today in the forecast: In the future, with a shift of major trading volumes across the Atlantic, investors' attention will be riveted to the index of business activity in the manufacturing sector and sales of existing homes in the United States. Both statistical indicators, according to analysts, is waiting for a decline. In this case, the dollar will weaken, due to overbought, which was a result of expectations of increasing US financial regulator the interest rate is already at the next meeting of the Federal Open Market Committee. If the situation will be sufficient reason for the massive sales of the US currency, from the point of view of most market participants, and, more recently it is unlikely the pair pound \ dollar resistance level 1.5500 will become a reality.
Forex. The forecast price of gold and silver as of today 11/23/2015
Lasts from the end of the previous month decline in the value of an ounce of gold was replaced by correction up in the middle of the previous trading week. This situation is allowed to grow by 23 gold dollars for three days from $ 1065 support level, to a maximum of $ 1088 on Friday. However, the current situation does not give sufficient reason to believe that the medium-term downtrend is completed. Rather, it can be assumed that the correction, which is an integral part of any trends on Friday, during the American trading session ended, and the lower trend, in turn, received a new impetus. And this assumption, there are a number of supporting factors.For example, the assault indexes new local highs quite clearly shows the willingness of investors to continue to invest its resources in equity assets with the expectation of obtaining the maximum speculative and investment income. And this, in turn, leads to the fact that the funds invested in stocks and futures contracts on stock indexes, investors transferred from the "reserve" assets, one of which, along with government securities, is gold. An integrated approach to the assessment of the technical and formed the fundamental picture, we can conclude about the possible in a short time, re-testing of a local minimum $ 1065, if the majority of investors do not appear sufficient reason to buy gold. That base may be profit-taking on dollar assets, which will provoke a sharp increase in supply in the US currency, which exceeds the supply of gold, and lead to a continuation of the upper correction. In this case, we see the growth to the level of $ 1088 in the near term, it is probably enough sample and continued growth to the level of $ 1098 per troy ounce.
Twice tested on Friday 20 November local minimum of $ 14.07 per ounce, the price of silver back to the level of $ 14.16, and is showing signs of a possible correction. The reason for this lies in the area of market participants price of $ 14 per ounce as favorable for opening long positions. Consequently, during the trading session on November 23 with a high probability, it will be possible to observe the growth of the value of silver, which will be limited to a few resistance levels at which traders with the most speculative mood will record profits. These levels are at $ 14.30 and $ 14.50 per ounce.
The trading week will begin with the publication of a number of indices indicating the state of the European economy. First, at 11:00 Moscow time will be published index of business activity in the manufacturing sector and the index of business activity in the service of France. 30 minutes later, will be published two similar index of the European Union's largest economy - Germany. At 12:00 we will see a consolidated pan-European index of business activity in manufacturing and services, as well as industrial production. Then, in parallel with the release of PPI united Europe, will deliver the president of the Bundesbank. Then, the market's focus shifted to the US where he also planned to publish an index of business activity in the manufacturing sector, followed by the National Association of Realtors will report on the volumes of sales in the secondary housing market, which helps to analyze the real estate market and the economy as a whole.
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