Forex. The forecast of the euro against the dollar (EUR / USD) as of today 12/29/2015
Before the New Year holidays Activity forex players dropped to the minimum limits. Australian market, New Zealand, the majority of European stock exchanges were closed yesterday, the largest financial institutions do not engage in financial transactions in international markets (including on currency).
Against this backdrop, trading volumes were very low and likely to remain so until the New Year.Clear guidelines for the further movement of the investors probably do not. Macroeconomic data releases did not include the day that may have an impact on the currency rates. In this regard, the dollar, the euro drifted in a narrow 35-cent range around the 1.0974 level day reversal, where the completed trading day.
Today, the euro against the dollar in the forecast we assume - a new attempt to break through the EUR buyers the upper limit of the figures "head and shoulders" - 1.0992, hour timeframe. If the breakdown of this level will take place followed by the continued growth of quotations of the euro to the price levels: 1.10; 1.1034 and 1.1070. If you exceed the level 1.0992 fails, expect the "bear" turn and decrease prices to the euro, the dollar price levels: 1.0928; 1.09; 1.0880 and 1.0852.
Forex. Forecast pound / dollar (GBP / USD) as of today 12/29/2015
The British currency in the pair with the American finishing the year 2015 near 7-month lows, that would seem impossible in the beginning of the year, given the strong presence of economy of Albion, and one of the best indicators among the "big ten". Although recent economic reports in Britain said that while the situation is not improving - the growth in the 3rd quarter continued slowing and reached 2.1% against 2.9% - in the 1st quarter. Moreover, the sterling bears losses against the US dollar and against other currencies. Driver of such dynamics continue to favor reduction in expectations for interest rates the Bank of England. The Bank still remains "second in line" after the Fed, but the period of the revision rates moved significantly, given the weak inflationary pressures, sluggish wage growth, conflicting data on business activity and cautious statements by politicians. This had a negative impact on the prospects of currency in England.Under the conditions of low liquidity of New Year trade, market sentiment has not changed. A couple of pounds \ dollar selling before, resulting in a decrease in the exchange rate broke through key support level at 1.49 and secure them by fixing the close of trading on the price level of 1.4878.
The pound against the dollar in the forecast today expect growth of quotations of sterling to the target levels: 1.4921; 1.4950; 1.4970 and 1.50. If this level will be breached, the upward movement of pair will proceed further in the direction of the key resistance level 1.5024 and above.
Forex. Forecast the price of gold today 12/29/2015
The cost of gold futures on Monday once again began to decline amid falling commodity prices.From the maximum level at the opening of trading - $ 1076.81 value of the metal during the day fell to the level of $ 1066.35 and by the end of trading on the New York Stock Exchange «Comex» fell to $ 8.62 per ounce, to a level of $ 1068.19. Thus, in 2015 decrease in the price of gold was more than 18%.
As of this morning near term resistance for gold held by the level of daylight reversal - $ 1071 per ounce. The breakdown of this resistance during the upward movement will continue to rise to the metal following purposes - $ 1075; 1077 $ and 1080 $ per ounce. Immediate support for gold is located at $ 1067 per ounce. If it is passed it will be possible to further decrease in metal price levels and $ -1063 $ 1059 per troy ounce.
Gold rate for today in the forecast assumed - renewed rise and the rising cost of metal to target the above-mentioned resistance levels.
Forex. Course of silver in the forecast for today 12/29/2015
Silver in yesterday's trading price dynamics of gold duplicated actively correcting its previous growth. At the end of the day the metal has fallen in price by 48 cents, to the level of 13.92 $ per ounce.
As of this morning near term resistance for silver goes through the key level - $ 14 per ounce. If resumed the upward movement, and this resistance is broken, followed by continued rise to the target level - $ 14.06; $ 14.12 and $ 14.25. Immediate support for silver settled at a price level -13.85 $ per ounce. If quotes overcome it - continue to decline further in the direction of price levels - $ 13.80; $ 13.60 or less.
Price forecast for silver forward - the resumption of growth in the value of silver to the above target levels of resistance.
The economic calendar on Tuesday - the focus of market participants will be published in the US consumer confidence data for December; Trade balance for November and October data on an index of home prices in 20 major cities nationwide, and the price index for housing.
In other news - Italy will publish the December index of economic confidence of consumers.
For more information on the movement of currencies in the market, please visit "Maximarkets.ru" under "Research".
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