Forex. The forecast of the euro against the dollar (EUR / USD) as of today 12/23/2015
Bidding will begin on December 23 with the publication of a number of macroeconomic indicators of one of the largest economies in the euro area - the gross domestic product and consumer spending in France. The reaction of market participants to these publications can be unambiguously positive, because, according to the forecasts of most analysts, GDP growth will remain at a constant level, and consumer spending will show the output values from the negative into the positive zone, and hence the increased activity of consumers and the domestic market.
The consequence may be an increase in demand for the single currency and, consequently, its course. Then, the focus market attention shifted to the western shore of the Atlantic, where the change is expected to publish the volume of orders for durable goods in the US, as well as data on revenues and expenditures of individuals. If you believe the current projections, these statistics will further support the upward trend of the currency pair as show declines.
Today, the euro dollar forecast for December 23, believe quite probable resumption of growth in the currency pair EUR / USD, with the support of the technical and fundamental data. At the start of trading obstacle for growth could be the previous session high 1.0980, however, it is unlikely that this level will stop buyers, so the euro will continue to move upward to more substantial resistance at around 1.1050. Further dynamics will be determined by fundamentals and market participants, but to overcome the 1.1050 mark, taking into account the United States to tighten monetary policy looks unlikely, and therefore the achieved level course may correct to 1.1000.
Forex. The forecast for the pound / dollar (GBP / USD) as of today
Trading session on December 22 for the course of the British pound against the US dollar has been quite dynamic and, at the same time, one-way. At the start of trading in the old light downtrend resumed after the consolidation of the pair at the end of last and the beginning of the current trading week. Overcoming local support level 1.4860 allowed the rate actually decreased to the level of 1.4800 which is the lower limit of the medium-term downtrend, which we clearly can see on the daily chart. The main event that will have an impact on the course of the currency pair British pound at auction today will be the publication of data on UK GDP.But, if the published value to be equal to the forecast, we can not see a significant reaction to the news, by analogy with the release of the GDP of the United States in the previous trading session, when the dollar currency pairs almost did not react to changes in the main macroeconomic indicators of the world's largest economy. At the same time, do not underestimate the forthcoming publication of the characteristics of consumer spending in the United States, as US investors may well build their own trading strategies based not on global indicators, and on information on the direct amount of free funds in the economy and consumer sentiment that their purchases form the bulk of it the real sector.
Pound Dollar today: The forecast for the upcoming trading session is based primarily on the availability or lack of market participants to overcome achieved the support level 1.4800. The most likely turn of events in the current situation looks like the beginning of the correction, because even in a prolonged downtrend always the levels at which large investors taking profits, which leads to the reversal, due to changes in supply and demand balance. The current level looks exactly this point. Hence, very likely increase in the currency pair, in the way which will be resistance levels are 1.4860, 1.4940 and 1.5000. If the mood to sell the currency of the United Kingdom will be harder to overcome the 1.4800 support would open the possibility of further reducing the levels of 1.4750 and 1.4620.
Forex. Forecast the price of gold today 12/23/2015
The cost of an ounce of gold at auction on Tuesday showed a relatively low dynamics. A small increase to the resistance level of $ 1080 during the Asian trading session gave way to decline with the start of the European, which contributed to a gradual descent to around $ 1073 dollars per ounce.
The price of the metal has for quite a long time since mid-November is sideways with a lower limit on the value of $ 1,049, and in the area of the upper level of $ 1080 per ounce. At the moment, we are seeing the classic picture of a turn from the top of the horizontal corridor, with the formation of a technical double top reversal pattern on the hourly and four-hour charts. This factor will have a decisive influence on market sentiment during the first half of today's trading session. The immediate goal of the incipient reduction has become the level of $ 1073, the breakdown of which will lead to a further decline to around $ 1067 to continue to support the $ 1060 per ounce.
Start the US trading session today can change the picture of what is happening on the chart the course of gold.Publication of data on the state of the real sector of the economy in North America, namely, orders for durable goods, income and expenses of physical persons, new home sales in the US, as well as GDP and data on retail sales in Canada, will undoubtedly have an impact on investors' attitude such assets as precious metals. If the economy will show an upward trend we will see movement of funds out of the reserve assets, which include gold, more speculative, such as, for example, stock indexes. Such a situation clearly lead to further price reduction ounce and possibly achieve the lower limit of the medium-term sideways trend $ 1,049. On the other hand, if the economy of the United States and Canada do not show an upward trend, investors will return to invest in gold, which could cause a return to the resistance level of $ 1080 per troy ounce.
Course silver, substantially repeating picture of the price of gold, located in the area of local resistance level of $ 14.30. In the dynamics of prices for precious metals and has important distinction for traders - trading on December 22 did not result in a significant reduction of the course. The current situation gives a good signal to open short positions in silver, since, given the high correlation between a rate of precious metals, it is possible with a high degree of probability ounce silver price decline to the levels of support for $ 14.05 and $ 13.90 for the past today's European trading session. Further developments will be determined by news from overseas, and also substantially replicate what is happening with gold. In the case of the publication of positive statistics - continued reduction of the achievement of the strategic minimum of $ 13.70 in the opposite situation - a return to the resistance level of $ 14.30 and, in the case of overcoming, growing to $ 14.60 per ounce.
Forex. The forecast rate of silver at today 12/23/2015
The economic calendar is among the largest account attract statistics US in orders for durable goods in November, the volume of home sales in the primary real estate market, changes in the level of expenditure and income, the November index-deflator of personal consumption expenditures, as well as an index of economic confidence of consumers, evaluation current conditions and inflation and consumer expectations (for the year and 5 years) from the University of Michigan. France will publish the final figures of GDP growth for the third quarter of this year and the November data in consumer spending. Italy will report on changes in retail sales.changes in industrial orders and sales of the industrial sector. And statistics from the US will be released December index of mortgage lending and the volume of data in gasoline inventories, crude oil and distillate from the US Department of Energy.
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