Forex. The forecast of the euro against the dollar (EUR / USD) as of today 28/03/2016
The dollar closed the week of solid gains against the euro after the Fed's massive adjustment positions its representatives. The very same trade on Friday virtually non-existent, as most key Rykov, including Australia, UK, Europe, USA and Canada were closed on the occasion of "Good Friday."
Many markets, by the way, will be closed today in the "Easter Monday." Euro / dollar during the day trading in very narrow sideways range (no more than 25 points in width) and closed the session with a slight decrease in the price level of 1.1166. Lethargy market has meant that the currency did not react to the publication of the US strong data on GDP growth for the 4th quarter. The report reflected the growth rate to 1.4% from the previous period - 1% and a similar forecast, and confirmed the stability of the US economy before the negative factors in the development of the world economy.
EUR / USD Forecast for today Course: Given the limited nature of today's trading (in the "Easter Monday" Most markets are still closed) in our forecast for Monday assume - ranging trade and completion of corrective depreciation of the single European currency against the US dollar close to the current price levels. Further, we expect the pair to rise resumption of the following purposes: 1.12; 1.1216; 1.1248; 1.1278 and 1.13.
Forex. Forecast exchange rate pound / dollar (GBP / USD) as of today 03/28/2016
Friday's trading to the British currency took place in a narrow sideways range (width no more than 50 points).After the terrorist attacks in Brussels couples rate remains under pressure against the background of deterioration of the situation with a possible yield of the UK from the EU. However, the last couple fall was clearly excessive. GBP / USD tested the previous low (1.4052), but not overcome it, and to date has stabilized at a price level 1.4119, keeping the prospect of further currency growth.
Pound Dollar today assume - the completion of corrective decline of the British currency close to the current price levels, then the resumption of the pair to rise to the following objectives: 1.4145; 1.4180; 1.42 and 1.4230. *** It does not attempt to exclude the British currency sellers continue to decline and the pair to test the breakdown previous local low 1.4052. If the breakdown of this level will take place, the pound / dollar will resume its decline in the pair to the key support levels - 1.40 and 1.39.
Forex. The forecast for gold prices today 03/28/2016
Gold continues to decline after the Fed's aggressive representatives comment on the probability of interest rate hike in April. On the last day of the trading week the gold market was closed in observance of Good Friday, so the metal's reaction to strong data on US gross domestic product we see today. In response to the revision of GDP growth upwards for the 4th quarter the price of gold began to decline again, testing the price level of $ 1206.87 per ounce.
As of this morning near term resistance for gold passes through the price level - $ 1214 per ounce. The breakdown of this resistance when moving upward, the metal will continue to rise for the following purposes: - $ 1217; $ 1220 and $ 1226 per ounce. Near term support for gold settled at a price level - $ 1206 per ounce. If it is passed it will be possible to further decrease in metal price levels of $ -1201; $ 1194; $ 1191 or less.
Gold forecast for today expect - the resumption of reducing the value of gold to the above targeted levels of support.
Forex. Forecast Silver Course today 28/3/2016
On the last day of the trading week the silver continued to duplicate the dynamics of the gold price. On the eve of Catholic Easter long weekend, and investors preferred to take profits and close positions in the sale of metal.Sluggish trading and low liquidity in the pre-holiday left the metal to trade in a narrow sideways range, ending the week near its lower limit on the price level of $ 15.15 per ounce.
As of this morning near term resistance for silver held by the level of daytime turning $ 15.20 per ounce. If resumed the upward movement, and this resistance is broken, followed by a continuation of the rise to the target levels of $ -15.42; $ 15.55 and $ 15.70 per ounce. Immediate support for the silver is located at the level of the previous local minimum - $ 15.11 per ounce. If quotes overcome it - will continue to decline further in the direction of the price levels of $ 15.05; $ 15.95; $ 15.70 per ounce and below.
Silver forecast for today, we assume - the continuation of the current metal reduction to the above target levels supports.
The economic calendar Monday - Easter Monday. Most European countries, Australia, New Zealand, Canada continues to celebrate the Catholic Easter. Statistics will not be published. Markets are closed.
Resume trading on the American market. The statistics from the US will be published - changes in the level of income and expenditure; the main index for personal consumption expenditures; February's balance of foreign trade, including export and import volumes; index of business activity in the industrial sector of the Dallas Fed, as well as the volume of unfinished February home sales. In addition, the US will be held an auction for the sale of 3- and 6-month bonds of public debt.
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