Forex. Forecast of the euro against the US dollar (EUR / USD) as of today November 27, 2015
Forex yesterday reigned calm. Currency torgovals in a very narrow range, without being able to determine the direction of the price movement.
An empty economic calendar, which began in the United States, a 4-day celebration of Thanksgiving began to blame. The course is, BPO \ dollar in these conditions settled near the key support level of 1.06 and sluggish during the day tested the boundaries of 30-point range of 1.0627 and 1.0599. Currency traditionally did not react to the secondary data from the euro area, where the figures indicated an increase in the money supply by 5.3% - year on year vs. 4.9%, while lending to the private sector increased to 1.2% above the September figure of 1.1%. The focus of investors is still directed to the upcoming ECB meeting, which will take place a week later, on December 3rd. Market participants do not doubt that the European regulator will announce at a meeting on expansion of financial stimulus, and now they are most interested in the magnitude of potential changes, including a possible reduction in deposit rates and the purchase of municipal bonds. In this regard, the pair is likely to keep the ECB meeting to moderate trading and price dynamics of the pair sideways price movement.
Today, the euro dollar forecast: Given the low trading activity in our forecast for Friday assume - a moderate rise of the single European currency to the target levels: 1.0618; 1.0642 and 1.0670.
Forex. Forecast pound / dollar (GBP / USD) as of today 11/27/2015
The low market liquidity pound \ dollar kept current positioning, and the trading session on Thursday spent in multidirectional price dynamics, while remaining within a narrow range of the previous day. Given the sparse economic calendar, the latest drivers to activate the motion was not expected, and therefore the failure to continue to decline and test on the sample week lows reached earlier stopped the "bears", triggering profit-taking and closing transactions for purchase of foreign currency. A similar attempt to "bull" to seize the initiative and begin rebuilding pair also failed. Punch morning highs failed and under damped market activity pound \ dollar closed trading at a key support level of 1.51.
The pound against the dollar today in the forecast assumed - the completion of decrease in pair near the 1.5073 price level. Furthermore, we expect renewed upsurge of the British currency to the target levels: 1.51;1.5120; 1.5135 and 1.5160.
Forex. Forecast the price of gold today 11/27/2015
Forex recommendations on gold and silver today:
Gold prices fluctuated listlessly on Thursday, staying near six-year lows. The day before, the US unit was issued positive macroeconomic statistics, which once again contributed to the strengthening US currency and a new drop in gold amid growing expectations the December increase in the base interest rate of the Fed. But low trading liquidity and the absence of leading players associated with Thanksgiving Day in the United States to stop the fall of the metal, allowing the "bulls" to keep the quotes in the structure of the ascending correctional model of 11/18/2015 In the result, at the end of yesterday's trading on the New York Stock Exchange " Somekh "the price of gold for February delivery has risen only slightly to a level of $ 1071.76 per ounce (+ $ 1.16).
As of this morning near term resistance for gold passes through the price level - $ 1074 per ounce. The breakdown of this resistance during the upward movement will continue to rise to the metal target levels - $ 1077; 1080 $ 1088 $ and 1099 $ per ounce. Immediate support for gold settled at a price level - $ 1068. If it is passed it will be possible to further decrease in metal price levels -1063 $ per ounce or less.
Rate of gold today in the forecast assumed - testing yesterday's lows, and then - turn and the rising cost of gold to the above target levels of resistance.
Forex. Silver price forecast for today 11/27/2015
Under the influence of the same factors similar dynamics on Thursday demonstrated and silver. Advancers during the European trading session at 20 cents and test the maximum daily level at around $ 14.37, quotes, rolled metal, then, to the level of the opening day and finished trading at a price level 14.14 $ per troy ounce.
As of this morning near term resistance for silver held by the level of its daily and weekly rotation - $ 14.21 an ounce. If resumed the upward movement, and this resistance is broken, followed by continued rise to the target level - $ 14.28; $ 14.40; $ 14.50 and $ 14.60 per ounce. Immediate support for the silver is located at a key level - $ 14 per ounce. If quotes overcome it - continue to decline further, to the next target - $ 13.95 and below.
The course is silver now assume - the resumption of growth in the value of silver to the above target levels of resistance.
The economic calendar on Friday - Japan will release the October consumer price indices; the unemployment rate (the previous figure - 3.4%); the proportion of the economically active population; changes in the level of household expenditure, as well as data on the volume of foreign investments into the economy of the country and the volume of capital invested abroad.
A significant attention of the market will attract the publication in the United Kingdom an accurate reading (2nd estimate) of GDP growth for the third quarter of this year, including: changes in the general volume of investments; Gross fixed capital formation; change in the volume of public expenditure; the volume of exports and imports; index of activity in the services sector in September; the dynamics of the volume of personal consumption expenditures, as well as the indicator of consumer confidence for November. Additionally, of considerable interest to market participants is a British report of the Supervisory Board on supervision of the largest banks. Eurozone that day to unveil a range of economic indicators. Among them - the November index of consumer and economic confidence in industry and the services sector.
Among other economic news - Germany is to publish the October import price index and leading index of consumer climate for December; France - October change in the volume of consumer spending and the producer price index; Italy - November economic data of consumer confidence and the business environment. In Canada, will be presented to the October index of commodity prices and producer prices.
Presented forex forecast is 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.
Daily forex forecast from MaksiMarkets