Friday, April 29, 2016

At the auction in Europe the appreciation of the euro to 1,1415 is expected "April 29, 2016"



Results of the last trading day:

On Thursday at the American session the dollar managed to restore positions against single currency to 1,1310, despite the disappointing indicator of GDP of the USA. The rate of euro/dollar has decreased to 1,1310.

The number of applications for a dole in a week has made 257 thousand against the forecast of 260 thousand. GDP growth of the USA in 1 quarter has made 0,5%, having fallen short 0,7% of the forecast.

Buyers have quickly restored losses as positions of dollar remained weak after the morning decision of Bank of Japan to keep rates and not to expand the stimulating measures. On weakness of dollar and reduction of volumes of oil production in the USA oil of the Brent brand has risen in price to $48,16. Together with oil and other currencies gold has risen in price. As a result the rate of euro/dollar was closed in plus.

Expectations of the market for today:

On Friday the attention of participants of the market will be riveted on GDP of the eurozone and Canada, retails in Germany, to speech of the head of ShNB to Jordan, and also the American statistics.

In Asia the rate of euro/dollar has grown to 1,1388. As today Friday, from euro exchange rate I wait for jump to a mark 1,1415 (90 гр) with the subsequent return to 1,1385. If to make a start from the day period, then to eurobulls prevents to check nothing level 1,1460 for durability.

News of the present day:

    - time Germany will publish retails for March.
    - time Switzerland will publish an economic barometer of KOF for April.
   - time the speech will be made heads of ShNB by Jordan.
    - time in Great Britain will leave – the pure volume of crediting of individuals, money supply of M4, number of the approved mortgage loans for March.        
    - time the Eurozone – a preliminary consumer price index for April, unemployment rate for March, GDP in 1 quarter.
   - time Great Britain – speech of the board member of Bank of England Kanliff.
    - time Canada will publish – GDP for February, a price index on raw materials, a price index of producers for March.   
    - time the USA – a basic price index of expenses on consumption March, the personal income and expenses for March.  
    - time the USA there will be an index of business activity Chicago PMI for April.       
    - time the USA – the reconsidered index of consumer moods from Michigan university April.         
    - time in the USA – number of drilling rigs from Baker Hughes.

Technical analysis:

Euro moves between MA the lb lines – U2. At present the price tries to leave the canal which is built on three points 1,1216-1,1275 and 1,1339. I not once said that the 90th degree isn't strong resistance. Euro likes to be developed in a zone 112-135 гр. (at the moment 1,1443-1,1470). The U3 line passes MA at the American session through 1,1460 therefore growth of quotations to the specified level is probable. As from a minimum 1,1216 the difficult wave structure is formed, I according to the forecast consider growth to 1,1415.

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