Forex Analytics

Gold (XAU / USD) the forecast for the week 19-23.12.2016

Three reasons for investors to wait for growth in the new week:

The first reason, according to the US dollar on profit taking on long positions probably worth waiting for correction. USDX Dollar Index traded baskets at a maximum since January 2003, and investors may begin to take profits before Christmas. 

The main event for traders today:

12.00 MSK. Germany: The indicator of business environment from IFO for December (the previous value of 110.4; 110.7 forecast).

Forex forecast euro dollar (EUR / USD) as of today 19/12/2016

Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 20/12/2016
 

Although the foreign exchange market and the players reacted to the positive performance of the Ifo business climate in Germany for this month, but sales of euro at yesterday's auction failed to prevent. The US dollar pulled back from the highs, but the demand for the US currency is maintained by the Federal Reserve tightening monetary policy, and improve the prospects of increasing the key rate in the coming year.

Analysis for December 20th, 2016

EUR USD, “Euro vs US Dollar”

Being under pressure, the EUR/USD pair is falling. Possibly, today the price may reach 1.0330. Later, in our opinion, the market may form another correctional structure towards 1.0500 and then move downwards with the target at 1.0150.

Previous:

On Monday the euro/dollar closed down. The buyers didn’t manage to hold at 1.0415. After Yellen spoke, the euro fell to 1.0393. The Fed chief announced that employment growth in the country was at its highest for the past ten years. Her announcement was taken by traders to mean that the regulator plans to raise interest rates further in 2017.

Tuesday trading on the forex greenbacks spent on the positive, as Ms. Yellen his performance added optimism about policy tightening in the new year. Although the euro sales slowed after a positive release on producer prices in Germany.
 

Forex forecast the currency pair euro dollar (EUR / USD) on 12/21/2016

The foreign exchange market, the euro dollar forex shocked yesterday a new thirteen-year minimum (1.0351), then the sellers started profit-taking .. Today at the auctions, this dynamic is likely to continue, and the Euro players will see another wave of growth of quotations. 

Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 22/12/2016

In yesterday's trading the forex important news from the Eurozone, investors did not expect, as the markets are preparing for Christmas and New Year holidays. Investors' attention was directed to a release from the US sales of existing homes. Short-term dollar pullback from the highs given a chance to level the euro loss.

Previous:

On Wednesday the euro/dollar corrected to 1.0451. My expectations for yesterday rang true. The USD lost out throughout the market due to a fall in the yield of American bonds and a reduction in long positions before the holidays.

Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 23/12/2016

Despite the publication of a number of important reports from the US, have demonstrated positive trends, trading in the euro / dollar remained unchanged. According to the data, orders for durable goods in the US were better than expected. With regard to the release of GDP for the third quarter, it came in line with expectations, while in annual terms the results exceeded expectations. 

EUR / USD Forex Wave analysis and forecast of the dollar euro on 26.12 - 30.12.2016 : expected growth of the EUR / USD in the correction. 

Estimated pivot point is at 1.0350. 

Our view : Buy a pair of correction above 1.0350 level with the aim of 1.0590 - 1.0734. 

Alternative scenario : A break and consolidation below the price level of 1.0350 will allow the pair to continue to decline to marks 1.03 - 1.02.

Forex rate forecast gold XAU / USD on the week 26-30.12.2016

Forex Forecast December 26, 2016

The main events in the forex today:

Germany, United Kingdom, USA - bank holiday.

Forex forecast the currency pair euro dollar (EUR / USD) on 12/26/2016

Players pair euro dollar today in forex trading is to wait for the flat on the background of low liquidity. 

Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 27/12/2016

At the end of the week ended from EU countries published positive reports supported the national currency. As it became known, the German consumer climate index came in line with expectations. According to the data, consumer spending in France rose despite the reduction forecasts, and the GDP of the state remained unchanged.

Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 28/12/2016

After the feast of the Nativity greenback strengthened slightly against the euro. In the last New Year days, some market participants have returned to the market in the hope it profitable to invest their funds.