Forex forecast for today 31.12.2015: Happy New Year!
Forex. The forecast of the euro against the dollar (EUR / USD) as of today 31.12.2015
Not having to get out of hibernation Christmas, the foreign exchange market gradually flows into another - New Year's. A short week in the absence of significant macroeconomic data prevents the formation of high volatility, which is already evident in the charts the major currency pairs.
The market remains smaller investors and news. Most players prefer to close their positions, and therefore the range of price fluctuations narrowed to the minimum limits. In these circumstances, Euro \ dollar against the backdrop of extremely low liquidity once again froze in a narrow sideways range 1.0901 ÷ 1.0942, recorded a slight growth (13 points) and the closing price at the level of 1.0932.
Today, the euro against the dollar in the forecast assumed - turn and the depreciation of the single European currency to the price levels: 1.09; 1.0870; 1.0848 and 1.08. If the breakdown of this level will be held followed by a further decline in the pair.
Forex. Forecast pound / dollar (GBP / USD) as of today 31.12.2015
GBP / USD, for 1 hour.
Couple pound \ dollar in extremely low activity in the pre-holiday trading yesterday tested the zone of minimum levels of 6-month downward correction, while remaining within a narrow range of lateral movement.The currency is still a pretty strong "bearish" pressure amid weak forecasts for the UK economy and the negative (according to market) the prospects of higher interest rates by the Bank of England. In turn, the technical factors and oversold currency continue to provide substantial support for the "bulls" on the pound, keeping the pair from the breakdown of the lower limit of 7-year-old correctional channel and save it to the possibility of renewed upward movement. Following the auction, the pound \ dollar practically did not change his position, registering a slight increase (+5 points) and closing the US session at 1.4816 price level.
Pound dollar today in the forecast expect the lateral dynamics of the British currency in the range 1.4780 ÷ 1.4835, with the prospect of further development of an upward movement. Target levels rise after a couple of her out of range: 1.4858; 1.49; 1.4944 and possibly above a key resistance level - 1.50.
Forex. Forecast the price of gold today 31.12.2015
XAU / USD, 4:00.
The value of gold at the auction on Wednesday once again began to fall, amid the lack of investor interest in safe assets. The price of gold continues to negatively affect the global economic recovery, low inflation, as well as the strengthening of the dollar, associated with the beginning of the process of rate hikes conducted by the US Federal Reserve. In addition, the growth of stock markets and the profitability of investments in equities forced traders actively to transfer its investments in more profitable areas, while ensuring that hopeless position in the market of precious metals. Additional support for the sellers of metal in anticipation of the end of the year and the onset of the New Year holidays has also increased volatility due to the low trading volume. Thus, at the end of yesterday, the price of February gold futures on the New York Stock Exchange «Comex» fell $ 6.9 an ounce to $ 1061.72 level.
As of this morning near term resistance for gold held by the level of daylight reversal - $ 1064.11 per ounce.The breakdown of this resistance during the upward movement will continue to rise to the metal following purposes - $ 1067; $ 1071 and $ 1075 per ounce. Immediate support for gold is located at $ 1059 per ounce.If it is passed it will be possible to further decrease in metal price level -1045 $ per troy ounce.
In our forecast for Thursday we suppose - the resumption of the depreciation of the gold to the above targeted levels of support.
Forex. The forecast rate of silver today 31.12.2015
XAG / USD, 4:00.
A similar dynamics in the auction on Wednesday demonstrated and silver. The metal continued to adjust its previous growth, registering a new weekly low at around $ 13.77 per ounce. By the end of the day, "bulls" managed to somewhat rectify the situation and to profit vendors metal, quotes raise to the level of $ 13.88, to reduce the loss of 6 cents per troy ounce.
As of this morning near term resistance for silver is held in terms of day reversal - $ 13.87 an ounce. If resumed the upward movement, and this resistance is broken, followed by continued rise to the target level - $ 13.96; $ 14.06 and $ 14.25 per ounce. Immediate support for silver settled at a price level - $ 13.85 If quotes overcome it - the decline will continue further in the direction of price levels - $ 13.82; $ 13.60 or less.
In our forecast for silver forward - a short-term correction of the pair, and then - the renewal to reduce the cost of silver to the above targeted levels of support.
Eve of the New 2016! All major markets are closed. The news block on Thursday - Australia is to publish the December changes in the volume of lending of the private sector, United Kingdom will present data on the volume of mortgage loans, and the US will publish weekly data on the number of initial applications for unemployment benefits and the December index of business activity from the Chicago Fed.
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