Forex. The forecast of the euro against the dollar (EUR / USD) as of today 24/03/2016
The terrorist attacks in Belgium provoked in yesterday's auction a new decline in the euro. In addition, the rate of the single European currency remained under pressure from a number of negative factors for the euro.
First of all, it is worth noting tough statements by senior Fed officials, significantly strengthen the position of the US currency. A number of heads of federal banks (Richmond - Jeffrey Lacker, St. Louis - James Bullard, Atlanta - Dennis Lockhart, San Francisco - John Williams, Philadelphia - Patrick Harker) said these days about the possibility of raising interest rates on the dollar in April .
President of the Federal Reserve Bank of Chicago Charles Evans thus indicated he expects this year's two rate increase only if the economic data and inflation will not significantly exceed expectations. Otherwise, it appears at least three raises before the end of the year.
Another factor in favor of the dollar was the release of the US key economic indicators of business activity in the regions. All of them showed an aggressive growth, reaching 8-month high in New York, the 13-month high in Philadelphia and a 6-year high in Richmond.
Against the background of positive data for the US currency a negative driver for the euro became the German index of business sentiment and current situation of the ZEW institute, which showed a significant reduction in performance. Under the influence of all these factors, the pair exchange rate continued to decline and at the end of the day tested once at least at the level of 1.1159.
The euro exchange rate forecast for today assume the completion of reduction at the current price levels, then the new growth of the single European currency for the following purposes: 1.1188, 1.12, 1.1216, 1.1248 and higher to the 1.1278 price level.
Forex. Forecast exchange rate pound / dollar (GBP / USD) as of today 03/24/2016
The British currency in yesterday's trading continued to fall, with a very fast pace. The attacks began in Brussels for her no less impact than the euro, given that migration is one of the central challenges for the UK iEvrosoyuza. In the market believe that the Muslim terrorism in Europe will increase the probability of the UK from the EU. Fear may cause a growing number of voters to vote in the June referendum for the country's exit from the European Monetary Union. Against this background, the demand for the British pound fell rapidly and at the end of trading reached a new week lows at around 1.4082, which is close to the rate of the pair GBP / USD and closed the trading session.
Today, the forecast rate pound dollar suggest a reversal of the pair of current price levels and the subsequent rise of the British currency to the following target levels: 1.4140, 1.4170, 1.42, 1.4230, and 1.4260.
Forex. The forecast rate of gold to date 24/03/2016
The price of gold at the auction on Wednesday continued to fall against the backdrop of an active, growing all over the US dollar market spectrum. The driver of the dollar began to strengthen the aggressive statements by some representatives of the US Federal Reserve about the likely increase in interest rates on federal assets in the near future. These statements, together with the recent statements of the heads of the Federal Reserve Bank of Atlanta, San Francisco and Richmond have supported the position of the dollar in the financial markets and dramatically increased "bearish" pressure on the precious metals rates.
An additional driver of metal prices was the decision by the Indian authorities to introduce a tax on the sale of jewelry. As a result, by the end of the day the cost of the June gold futures on the New York Stock Exchange «Comex» decreased by $ 34 to the level of $ 1215.19 per troy ounce.
As of this morning near term resistance for gold held by the level of daylight turn $ 1228 per ounce. The breakdown of this resistance as you move up the metal will continue to rise to the following purposes: $ 1232, $ 1238 and $ 1242 per ounce.
Immediate support for gold is located in the previous local minimum $ 1215 per ounce. If it is passed, then it becomes possible to further decrease the metal to the price levels of $ 1211, $ 1206, $ 1201 and below.
Gold forecast for today expect a corrective pullback from the previous metal reduction and rise to the level of quotes daily turn $ 1228 per ounce, and then the resumption of reducing the value of gold to the above targeted levels of support.
Forex. Forecast Silver today 24.03.2016
Silver in yesterday's trading influenced by the same factors duplicated the price dynamics of gold. On the eve of Catholic Easter and long weekend (today, the auction will be shortened, and the western stock exchanges will not work on Friday) large investors prefer to close their positions, leaving the transaction to purchase metal.
Silver prices in these conditions and actively decreased from the Asian maximum reached $ 15.90 at the end of trading the minimum price level of the week at $ 15.22 per ounce.
As of this morning near term resistance for silver passes on the price level of $ 15.40 per ounce.
If resumed the upward movement - and this resistance is broken, - the rise will continue to target levels of $ 15.50, $ 15.60 and $ 15.70 per ounce.
Immediate support for the silver is located at the price level of $ 15.20 per ounce. If quotes overcome it - will continue to decline in price levels of $ 15.05, $ 15, $ 15.95 per ounce and below.
Silver today in the forecast also suggest corrective pullback from the previous metal reduction and the rise in the price quotations zone 15.35 $ ÷ 15.55 $ per ounce, and then the resumption of reducing the value of silver to the above targeted levels of support.
The economic calendar Thursday in the focus of investors will block economic news from the US, including the publication of weekly data the number of initial applications for unemployment benefits; February the volume of orders for durable goods; March PMI for services and composite PMI, combining figures for both sectors.
In addition, considerable interest attract economic news from the UK, including: changes in the February retail sales; mortgage lending and retail sales according to CBI for March.
New Zealand will publish the final figures of foreign trade balance for February, including exports and imports of goods data.
Germany will publish the leading index of consumer climate in April, as well as the import price index for March.
France also will report on the business climate index for March.
In Italy, January data will be released in retail sales, the dynamics of the volume of industrial orders and sales in the industrial sector, and the Eurozone will publish the Economic Bulletin for a detailed analysis of the current and future situation in the region's economy.
For more information on the movement of currency in the market, please visit "Maximarkets.ru" under "Research".
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