Forex. The forecast of the euro against the dollar (EUR / USD) as of today 12/30/2015
Despite a slight decline in trading volumes related primarily to the holiday period, trading in the euro / dollar yesterday were active. Side trend start to the day gave way to a sudden breakdown of support 1.0960 and the depreciation of the single European currency on the daily highs of more than 90 points.
The upward trend, formed in the middle of the month, losing power and the desire of buyers to gain a foothold above $ 1.1000 as early as this year, seem unlikely. Diametrically opposite direction of monetary policy of the Eurozone and the US continues to affect the dynamics of the pair. Short-term growth of the single European currency, the major traders use to strengthen short positions, focusing on further reduction. At that time, the European Central Bank announced the expansion of its monetary stimulus, on the other side of the Atlantic have embarked on an increase in interest rates. Although in December the Fed's decision was widely anticipated and largely already inherent in the dollar, traders are looking forward to further steps of the US regulator the next year. A new piece of US economic statistics, published yesterday, confirms the steady growth of the world's largest economy. The consumer confidence index rose to 96.5 in December.Consumers estimate that the current state of the economy remains positive, especially their optimistic assessment of the state of the labor market. In 2016 consumers expect small improvements in the business environment, as well as with respect to their financial prospects.
The euro exchange rate against the dollar today, expect the resumption of selling pressure on the position of buyers and, as a consequence, a further decline in the euro / dollar. The lack of economic news in the Eurozone next trading session will help to maintain the policy of strengthening the dollar, with a low probability of resumption of growth in the euro correction. Support at today's auction will be the levels of 1.0900, 1.0870 and 1.0830. Resistance sellers located at around 1.0960, 1.0990 and 1.1040.
Forex. Forecast pound / dollar (GBP / USD) as of today 12/30/2015
The steady decline in the rate of the British pound against the dollar remains unchanged, and at the expiration of the last trading day. Corrective gains late last week, major players used to increase short positions, was reversed and updating the minimum of the month at the level of 1.4784. Against the backdrop of lower liquidity and a lack of economic data that can dramatically change the course of trading, most traders remain committed to the downward trend that has allowed sellers to reduce the British currency quotes to the values of April this year. Weak economic statistics recently, disappointing markets and, as a result, lowering expectations for an increase of rates by the Central Bank of Great Britain, have imposed the first in almost a decade the Federal Reserve decision to move to change the direction of credit policy was the result of the formation of such a powerful downtrend. According to the forecasts of most analysts in 2016. The growth of the economies of developed countries will be above trend, and the acceleration of inflation and the increase in core inflation against the backdrop of the labor market recovery, augur well for the tightening of monetary policy, not only on the part of the Fed, but the Bank of England.
Pound Dollar today, expect consolidation quotes below 1.4800 and further decline to the levels of 1.4770 and 1.4740. In the formation of the corrective movement should focus on the resistance of 1.4872, 1.4900 and 1.4940.
Forex. The forecast price of gold and silver as of today 12/30/2015
Rate of gold at auction on Tuesday was almost unchanged against the US dollar. The near term resistance for gold still 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 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. In our forecast for Wednesday expect gold trading sideways $ 1067 - $ 1074.
Silver in the same dynamics also remained virtually unchanged in value against the US dollar. 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 in the levels of resistance - $ 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, and possibly below.
Forex. The forecast rate of silver at today 12/30/2015
On the economic calendar, the medium most attention will attract the American statistics changes in the volume of outstanding transactions for the sale of housing.
The euro zone will present the November data volume of lending to the private sector.
UK is to publish the December House Price Index.
Switzerland will publish the index of consumer activity in November.
Italy will report on the dynamics of the producer price index and Spain will publish a preliminary index of consumer prices for December.
The US statistics released index of mortgage lending data for December and gasoline inventories, crude oil and distillate from the US Department of Energy.
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