Forex. The forecast of the euro against the dollar (EUR / USD) as of today 12/24/2015
The US Commerce Department reported Tuesday that the country's GDP in the third quarter rose by 2.0%. This is worse than the preliminary estimates of 2.1%, but better than analysts' forecasts of 1.9%. Against this background greenbacks resumed growth, increasing the pressure on the euro. In addition, negative for euro currency appeared and statistics from France.
Growth of GDP volume is revised with a reduction to 1.1% compared to last year (1.2%). Clabo looked and data on consumer spending. The market reacted to the figures published by the sellout euros. As a result, the euro fell against the dollar on the forex market on Wednesday to the level of 1.0870. Although the rescue came the currency of the Eurozone economic statistics from the US that showed failing data on home sales in the secondary market. Sales volume is down 10.5% - on a monthly basis and by 3.8% - on an annualized basis.What held the ardor of buyers dollar and allowed a pair briefly to change the situation, stopping the decline and expanding quotation euro \ dollar correction. Yesterday's trading, the euro dollar finished at a price level 1.0911, keeping the prospect of further growth.
Today, the euro against the dollar in the forecast assumed - attempt buyers euro test the upper bound of the "head and shoulders" - 1.0990, hour timeframe. Near this level we are waiting for "bear" and a reversal the depreciation of the euro to the price levels: 1.0913; 1.0898; 1.0878 and 1.0847.
Forex. Forecast pound / dollar (GBP / USD) as of today 12/24/2015
Weak data on UK GDP growth (below the previous level), the index of business activity in the service sector and falling overall volume of commercial investment market yesterday safely ignored. Technical factors in the conditions of low liquidity of pre-market were stronger. The proximity of the lower limit of the 5-month correctional model and the strong support of customers trying to stop the US currency to continue pressure on the sterling. In this regard, Pound \ dollar reversed the previous trend and began to rise. Another driver was the rise of sterling on the housing market in the United States and the closure of long positions on the greenback. In addition, the weak US data on durable goods have increased negative sentiment towards the US dollar. As a result, the pound against the dollar managed to recover to the level of 1.4899, and the end of the day showed complete indifference to the incoming signals, trading in a narrow sideways range and completed trades near achieved the maximum.
Today the pound dollar exchange rate in the forecast assumed - the resumption of the correction and the growth rate of sterling to the target levels: 1.4890; 1.4910; 1.4948 and possibly above the strong resistance level of 1.50.
Forex. Forecast the price of gold today 12/24/2015
As of this morning near term resistance for gold passes through the price level - $ 1074.33 per ounce. The breakdown of this resistance during the upward movement will continue to rise to the metal following purposes - $ 1077; 1081 $ and 1085 $ per ounce. Immediate support for gold is located at 233-day moving average - $ 1068.45 per ounce, hour timeframe. If it is passed it will be possible to further decrease in metal price levels - $ 1066; $ 1064 and $ 1058 per troy ounce.
Gold forecast for today assume - moderate growth in the cost of the metal to target the above-mentioned resistance levels.
Forex. Silver Forecast for today 12/24/2015
As of this morning near term resistance for silver passes on price level - $ 14.38 per ounce. If resumed the upward movement, and this resistance is broken, followed by continued rise to the target level - $ 14.41 and $ 14.60. Immediate support for the silver is located at 55-day moving average - $ 14.24 an ounce, hour timeframe. If quotes overcome it - continue to decline further in the direction of price levels - $ 14.11 and $ 14 exactly.
Silver forecast for today expect - the resumption of growth in the value of silver to the above target levels of resistance.
Christmas Eve! The economic calendar today - the greatest attention of the market will attract the weekly data from the US in the number of initial applications for unemployment benefits.
It is equally important for investors will be the publication of the minutes of the meeting of the Bank of Japan on monetary policy and the speech of the Bank Haruhiko Kuroda.
In other news - Australia will publish the index of leading economic indicators for October; UK to unveil mortgage lending in November, France will report the total number of unemployed.
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