Forex. The forecast for the week 19 - 23 September 2016: Brent, XAU / USD, S & P500
Forex. Weather does not divide 19 -23 September
Rate of gold the XA the U / USD forecast for the week 19-23.09.2016
Investors in gold on the new trading week, is to sell the metal as formed negative news background.
Strengthening of greenbacks on the currency market, it is the first reason for the sales. The cost of the precious metal is denominated in US currency, and with the growth of the US dollar, gold is experiencing difficulties. On Friday, the dollar index USDX rose by 0.82% and in the breakdown of the level of 96.25 is worth waiting for growth to continue Figure 97. In connection with such a jerk than likely the American-up?
Most likely easing of monetary policy by the Bank of Japan on Wednesday 21 September, will contribute to the growth of greenbacks.
The second reason, the Bank of Japan may introduce additional stimulus, this factor will boost the "risk appetite", which has a negative impact on the cost of the safe assets, which primarily include the Japanese yen and gold.
Gold advice for investors on Ned Liu : market participants in the new week is to sell the metal on the growth of quotations Sell to 1315/1326 and take profit around 1301.
Brent oil forecast for the week 19-23.09.2016
Oil investors in the new week is to sell raw materials Sell.
The reason for this expectation of further increase in the volume of oil production in the United States, which together with the end of the driving season will cause a sharp increase in crude oil stocks. In his traditional weekly release oilfield services company Baker Hughes once again reported about the growth of the US rig 2 platform to the level 416.Vazhno noted that growth is registered in Canada and Mexico to 75 and 19 rigs, respectively. Only in the last three months the number of drilling in Canada increased by 2.5 times, while in Mexico the figure was released at a maximum in the last five months. With increasing oil production may test the 45 figure, and then wait for two reasons bounce up.
The first reason, easing of monetary policy by the Bank of Japan will increase the demand for risky assets is a positive impact on the cost of black gold.
Second, the International Energy Forum will be held, where possible take a decision on the freezing of oil production in Algeria 26-28 September. Under this event, speculators are buying oil contracts and after the summit to begin to take profits on the "Long".
Oil advice for investors in the week : oil investors in the auction of the week is to sell Sell tool on the growth of quotations in the area of 46.70 / 47.30 and take profit around 45.10. Then open Buy position and take profits around 47.00.
Investors: S & P500 index forecast for the week 19-23.09.2016
The main event on the new week's announcement of the outcome of meetings of the two central banks: the Bank of Japan and the US Federal Reserve. regulatory actions and determine the course of trading on the US stock market.Both the meeting held on September 21 and until Wednesday, investors should wait for the development of the side trend, as traders will take a wait and see attitude. The consensus forecast of economists, investment banks is the same for both events - changes are not expected. Perhaps change will still be, and the real and verbal. Real change will make the Bank of Japan, and it had two reasons.
The first reason, in the last four months, inflation in negative territory in annual terms, the last time such a trend was observed in the first half of 2013 and the controller then resorted to measures of additional incentives.
The second reason index Manufacturing PMI past five months is below 50%, indicating a downtrend. Japanese industry is experiencing difficulties from an excessive strengthening of the yen. Thus, the Bank of Japan on Wednesday may either reduce the key rate, or increase the program of QE. This trend is a positive impact on the Japanese and the US equity markets, as the increase carry trade operations. US Federal Reserve is likely to be limited only verbal interventions and indicate that current statistics on inflation and the labor market is not enough to raise interest rates, but any next FOMC meeting may raise. Such rhetoric will be neutral for the stock market, as investors have considered it in quotes.
S & P500 advice for investors in the week: Investors in the new week's worth buying SP500 Buy reduce quotations to 2121/2100 and take profits around 2160.
Aleksandr Goryachev
Analyst « FreshForex »
:
Forex Analytics → Forex forecast for the week 10 - 14 October 2016: Sell gold and oil
Forex Analytics → Forex forecast for the week forecast for the week October 3-7, 2016: Gold - the reasons to sell oil - growth, the SP500 - Flete!
Forex Analytics → Forex forecast for the week 14 - 18 November 2016: Trader - Sell Brent and XAU / USD
Forex Analytics → Forex forecast for the week 26 to 30 September 2016: Investors - sales of oil and gold, buying SP500
Forex Analytics → Forex forecast for the week 17-21.10.2016: Investors - reasons to sell oil!