Analyst from the company ForexMart (ForeksMart)
The forecast metal prices of February 1,
January gold in the growth. precious metal value exceeded the level of $ 1200, demonstrating the maximum strengthening since last summer. This is due to uncertainty about the policy of Donald Trump. Today, gold is likely to resume its downward correction to the levels of 1206, 1203 and 1199.
USD / CAD. 01.02.
Looney overcame 1,300
The Canadian dollar was supported by positive data on the country’s economy. GDP growth showed a greater than expected, the results – by 0.4%. Oil also promotes Canadian. The growth of quotations of “black gold” was triggered by the successful reduction of oil production by OPEC countries. Market participants in anticipation of US statistics. If it will be weak, we should expect the continuation of the downward dynamics of development in order to 1.2985. Otherwise we should expect a pair of quotes growth to 1.3125.
MACD indicator started moving up and was fixed above the signal line. It speaks of the imminent development of a rising trend of the pair. Stochastic is in neutral. support levels we see at levels 1.3055 and 1.2985. Resistance levels: 1.3125 and 1.3160.
USD / CHF. 01.02.
Bears fixed positions at 0.9900
A currency pair USD / CHF broken strong resistance level of 0.9900 – 50.0 Fibonacci dropping to 0.9860 – region simple moving average with a period 200 on the daily chart. And the pair has corrected and is now trading at 0.9900. Further reduction restrains pereprodannost trading instrument. Most likely in the near future, the bears will continue the offensive towards 0.9810. In the case of formation of the respective signals at the end you can look at the sales correction.
AUD / USD. 01.02.
Bulls crept up to 0.7600
The currency pair AUD / USD on Tuesday the results of trades rose to the circular level 0.7600 and is still trading at highs zone. the dollar strengthened on the eve of the meeting of the US Federal Reserve, but investor confidence in the US undermined by unstable political situation. Even if the actions of the new US president in the long run lead to the strengthening of the dollar in the near future, we are more likely to expect the weakening US currency. You can look to buy if the price is to consolidate above 0.7600, to sales – below 0.7500.
USD / JPY. 01.02.
Bears resistance tested 112.50
Currency pair USD / JPY tested the 112.50 strong resistance level – the 38.2 Fibonacci retracement area of the bullish trend. After a false breakout of the level of the couple returned to the side of the channel and is trading now on the rise. This means that it behaves conservatively and is not ready yet to reverse the trend without any serious reason. Today will be a meeting of the US Federal Reserve on interest rates, analysts do not foresee any changes to this March. On the eve of the meeting of the dollar increases. At this point it is best to carefully to look closely to this trading instrument, open the transaction only in the event of border side channel 112.50-115.00.
GBP / USD. 01.02.
The pound strengthened
The pair closed the last trading day of growth. Reaching a minimum at the level of 1.2411, the pair rushed up towards 1.2592. Pound closed the day down slightly retreating to 1.2578. Candles are located above the MA line, indicating that maintaining the upward trend. MACD and RSI buy signal. Pair will likely higher than 1.26.
USD / RUB. 01.02.
Ruble while adheres to the flat
Quotes of the ruble still rose above $ 60 despite the rise in oil prices to $ 56.41 and widespread fall in the dollar on the world market. Perhaps this is due to the completion of the tax period in Russia. Brent crude oil after a slight strengthening and growth again moved down. This contributes to building up of crude oil reserves in the United States. Today is expected to yield a report from the Ministry of Energy that can affect the dynamics of the pair USD / RUB. If as a result of oil will fall to $ 54.84 a barrel, the ruble exchange rate also will drop to 60.70.
Another event that could have an impact on the ruble – is the publication of the Ministry of Finance report on the volume of currency purchases. Without these data, speculators hesitant to lift the dollar to 64 rubles.
EUR / USD. 01.02.
The focus of the Fed meeting traders
The pair closed the previous day growth, having escaped from the outset borders. The European currency was supported by Councilor for Trade, Donald Trump, Peter Navarro, who said that Germany artificially lowers the euro, in order to enjoy the benefits of trade in the US and other countries. Also, the euro was supported by data on the labor market in Germany – the unemployment rate was 5.9%, the highest level since 1990. Today, the focus of the Fed meeting. in this regard, to predict the direction of the pair is extremely difficult. Most likely the pair will attempt to rise to the level of 1.0827.
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