Forex. The forecast of the euro against the dollar (EUR / USD) as of today 19/06/2016
An empty economic calendar Monday forced the market to focus on economic news Friday, and the results of the summit of oil producing countries in Doha.The main and practically the only big news on Friday was the industrial production in the United States.
However, published data seriously disappointed the market. Expected to drop this index by 0.1%, in fact, the March industrial production declined by 0.6%. This has increased the pressure on the US currency and support the euro. In addition, the failed talks in Doha, oil-producing countries and the initial sharp decline in oil prices caused the flight of investors from risky assets that has recently lead to an automatic increase in the value of the single European currency (as a funding currency risk transactions). This attitude is preserved in trading on Monday.
Already in the early European trading course pair EUR / USD began to grow and at the end of the day fixed the maximum price level 1.1332. Nevertheless, the "bulls" on the euro could not immediately overcome the level of weekly reversal (1.1327), which has forced buyers to temporarily retreat to try again to test the level of breakdown.
The euro dollar forecast for today: expect another attempt to consistently surpass the weekly reversal 1.1327 and the previous local maximum 1.1332. If the "bulls" will be able to fix the pair above the last level, then the rise will continue in a significant resistance level 1.1385.
If the breakdown level of 1.1332 will not take place, then the course of the single European currency will resume its decline to the target levels of 1.1310, 1.13, 1.1278, 1.1248 and possibly lower in a significant support level of 1.1216.
Forex. Forecast exchange rate pound / dollar (GBP / USD) as of today 04/19/2016
After the speech, the Minister of Finance of Great Britain George Osborne with warnings of irreversible problems in the British economy in the case of the country's exit from the EU structure, the pound in early trading on Monday resumed its decline.
However, investors' fears quickly passed, and the demand for the national currency against the background of renewed dollar weakness across the whole spectrum of the currency market. Overall positive attitude and strengthening commodity currencies against the dollar allowed the "bulls" on the pound to resume the purchase and deploy a pair of course for the upward movement. From the minimum daily level of 1.4130 Currency quotes went up, broke the previous day and at the end of trading recorded a rise on the top price level 1.4291.
Pound Dollar Forecast for today expect the pair to test the attempt at break of key resistance level of 1.43. If we can overcome this level and to gain a foothold above it, then the rise of the British currency will continue to target the following levels: 1.4345, 1.4358, 1.4382 and 1.44.
If the sample does not take place, in this case, the pair GBP / USD will unfold to reduce to the target levels of 1.4255, 1.4228, 1.42, and below, to the price level of 1.4167.
Forex. Gold price forecast for today 19/04/2016
Gold continues to consolidate in the middle of the range within which it is traded in the last 10 weeks. Earlier this week, after the failure of the meeting of oil producers in Doha, the futures price of gold is also beginning to grow on the background of the flight of investors from risky assets. In addition, the market was supported by the inflow of new deposits in the specialized exchange-traded funds in gold, whose volume on Friday rose by 5.3 tons.
As a result, during yesterday's trading metal tested on the rise the level of $ 1240 weekly reversal ounce.However, to break this level and failed to gain a foothold above it. Expectations for the upcoming meeting on Thursday, the European Central Bank and possible market reaction to the final decision of the Bank stopped the metal recovery and launched it on the decline.
By the end of the day all the achievements of the "bulls" were lost, and the price of gold at the close of the US session, down from the previous day at $ 4.37, up to the level of $ 1232.30 per troy ounce.
As of this morning near significant resistance for gold held by the level of daylight turn $ 1240 per ounce. The breakdown of this resistance as you move up, the metal will continue to rise to the following purposes: $ 1244, $ 1248 and $ 1251 per ounce. Immediate support for gold is located at the level of daylight turn $ 1232 per ounce. If it is passed, then it becomes possible to further decrease the metal to the price levels of $ 1226, $ 1223 and $ 1219 per troy ounce.
Gold forecast for today expect a short-term pullback, and then turn and a new decrease in the cost of metal to the above targeted levels of support.
Forex. Forecast Silver Course today 19/4/2016
Following the increased demand for gold, silver and interest continues to grow. Investors looking for alternatives for their investments in recent years have increasingly pay attention to this metal. Given that other sources for impaired investments, as most major central banks set a negative rate of return on deposits and government bonds, and gold at the end of the 1st quarter has suspended its growth, investors began to switch to silver.
Unlike gold silver are widely used in industry, providing more than half of the annual demand for metal. As a result, silver and gold came out to make room on the first place among the precious metals in terms of growth this year. The number of net long positions in silver increased by 30% to 56 thousand. Contract, which is for him a record high.
Against this background, quotes metal, despite the daily volatility still held in the area of the 10-month highs, fixing at yesterday's auction closing the US session at a price level of $ 16.21 per troy ounce. As of this morning near term resistance for silver goes through the upper boundary of the Bollinger Bands $ 16.27 per ounce.
If resumed the upward movement - and this resistance is broken, - continue to rise to the target level of $ 16.34 and up in the direction of $ 16.65 per ounce. Immediate support for the silver is located at the price level of $ 16.12 per ounce. If quotes overcome it - will continue to decline in price levels of $ 16, $ 15.95 and $ 15.80 per ounce.
Silver Forecast for today expect a reversal in the value of silver downward movement to the above target levels supports.
The economic calendar on Tuesday in the center of market attention will be the April report of the Centre for European Economic Research ZEW institute index of sentiment in the business environment and the current situation in Germany, and similar figures for Evrozone.Suschestvennoe investors' attention will also cause the publication of the Reserve Bank of Australia's minutes of the last meeting of the Monetary Policy .
It will be useful to investors and economic statistics of the euro area, including the February current account balance of the ECB's balance of payments, changes in the volume of construction and review of bank lending for the 1st quarter.
In the US, there are data volume of permits issued and the number of bookmarks of new foundations for the construction of housing.
New Zealand is to publish the March index of business activity in the services sector. On the same day, the speech of the head of the Reserve Bank of Australia Glenn Stevens, President of the Governing Council of the Bank of England Governor Mark Carney and head of the Bank of Canada Stephen Poloz.
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