Gold Forecast

The gold markets fell during the course of the week, crashing through the vital for hundred dollars level. Because of this, we feel that the market is probably going to continue lower, but we also recognize that there is going to be a significant amount of volatility, making this a market that you do not want to trade from a longer-term perspective. We believe that short-term traders will continue to dominate the marketplace, so therefore we will look to shorter-term charts for trade set ups.

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FORECAST
Gold markets fell during the session on Friday, slicing through the $1180 level. Because of this, it appears that the market is ready to continue going a bit lower, especially considering that the US dollar has broken out. A stronger US dollar should continue to put significant pressure on gold markets, and commodities in general. With that, it’s very likely that this market should continue to drift down and trying to find support somewhere near the $1160 level, or perhaps the $11,400 level. We believe that the market will probably bounce from that area.

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FOREX Market Overview: Forecast For Today

The market profile for the Australian dollar can be attributed to the normal deviation of a normal day. The Australian dollar, which fell against the U.S. dollar in the first half of the day, then suddenly began to recover their positions , indicating the presence of a large buyer about strong levels of support in the VAL 7 May- 0.9331. On yesterday's fair price protection zones are located in areas VAL - 0.9341 and VAH -0.9369. Control point POC was formed in 0.9354.

Forecast for Today:

Forecast For Today

During today's Asian session, the Australian dollar continued its upward trend movement against the U.S. dollar. In case of further strengthening its position pairs, the first significant level of resistance will VAH April 15- 0.9423, above which the market can start a new large buyers that will AUD/USD to reach new highs around 10 April VAH- 0.9442, and then and the maximum current year- 0.9460. Sellers have no choice but to wait for the return to the first pair of support VAH 8 May- 0.9393, as well as to a stronger level VAH 12 May- 0.9373. Only after consolidation below these areas will be to talk about reducing the AUD/USD to POC from May 7- 0.9339 and VAH, April 28 - 0.9308.

EUR/USD Forecast For Today: 9th May 2014

Yesterday's landmark event- a comment from ECB President Draghi M. , in which he made ​​it clear that the likelihood of measures to support the economy, hit the single currency. All recent rise in the euro against the U.S. dollar based on expectations that the ECB will not dare to take drastic measures to support the economy, but yesterday M. Draghi hinted that the European Central Bank, assessing the situation in the economy, already at the June meeting may decide on incentives. What could they be? First- you can expect a reduction in key interest rates at the level of 0.25%, as well as the European version of the asset repurchase. These measures will have an unambiguous pressure on the single currency. At the same time, the continuation of yesterday's speech by Fed J. Yellen in the U.S. Congress has demonstrated a desire Fed due to the weakness of the situation in the construction sector does not give clear signals about the prospects start raising interest rates. Against this backdrop, the dollar fell against the Australian dollar only, but rose against major currencies, and it looks like the main reason for this was a backlash euro and expectations of further local reduction.

Forecast of the day:

The EUR/USD fell heavily after a sharp rise in the first words Draghi. Due to the growth probability reduce the key interest rate is already at the June meeting. In the short term, we can expect a decrease in the pair to 1.3785, the intersection of which can lead to 1.3685. But it is probable bounce up to 1.3850. From this level a couple needs to sell. The Canadian dollar fell yesterday, the fall in risk appetite, the cause of which was a sharp drop in the euro. But if the pair manages to hold above the 1.0813 level, its growth is likely to 1.0900.

FOREX Forecast For Today: 6th May

The ECB seems to have no decision to change its monetary policy this Thursday will not accept. The latest data on retail inflation in the euro zone, and this 0.7%, against the previous value for the European Central Bank is a signal that while no action is necessary. But yesterday's data on producer price inflation should still make the bank's board to attend because a long period of decline in producer prices certainly have a negative impact on the euro-zone economy. In the meantime, the ECB continue to rely solely on consumer inflation. Reserve Bank of Australia left its benchmark interest rate unchanged at 2.5%. This decision is due to the fact that the apparent slowdown in China reduces the need for raw materials, which are delivered in China Australian companies. Weak economic growth is forcing the RBA to keep rates at extremely low levels. Especially since he is trying in this way to stimulate the growth of the national economy . Decline in consumer confidence for a long time remained under pressure . The decline in exports of raw mining has led to job losses , which contributed to an increase in unemployment . Only the ratio of the Fed to the prospects of its monetary policy currently supports the Australian dollar against its U.S. counterpart . At the same time, the U.S. economy continues to show growth after slowing down this winter. And the continuation of such dynamics will help reduce the volume of foreclosure assets before the end of this year and may even cause the Fed to do it earlier.

Forecast of the Day: 

The EURUSD continues to consolidate in anticipation of the ECB meeting on monetary policy, which will be held on May 8. And most likely it will move in a narrow range of 1.3850-85. But break of 1.3885 could increase to 1.3910. Australian dollar amid rising risk appetite and, despite the fact that it was decided to leave the rate unchanged, receives support, as well as due to the fact that the market does not expect the Fed to change monetary policy before the middle of 2015.