Ekaterina Fechina
Company Representative
- Messages
- 522
Issue №50 from 30/05/2015
Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.
Euro
European indices came out better than expected, but the media is full of gloomy forecasts about the Greek problem which put pressure on the euro and the British pound. The Deutsche Bank has determined the probability of the Greece agreement failure with creditors by 40% and almost one hundred percent probability of the debt non-payment to the IMF even if signing such an agreement. The ECB Governing Council member Ewald Nowotny (Austria CB) declared to the general public the lack of legal grounds for granting the interim lending to Greece. According to the statistics: the Germany import prices increased by 0.6% in April against the growth forecast by 0.5%, the Swiss trade balance for April rose up from 2.5 billion francs to 2.86 billion.
Trading recommendations
The pair EUR/USD shows a negative trend but we expect the pair’s growth in the short term. The pair can grow to the resistance level of 1.1150. After breaking 1.1150 the buyers may go to 1.1200.
Pound
The UK first quarter GDP second assessment remained unchanged. The GDP second assessment remained unchanged at the level of 0.3%. The number of the UK mortgage lending permits for April increased from 39.2 thousand (revised from 38.8 thousand) to 42.1 thousand while it was expected 39.2 thousand.
The GfK consumer confidence report pointed out to the indicator decrease to 1 from 4 while it was expected no changes. Naturally, it will not stimulate the market to positive emotions within the pound.
Trading recommendations
The pair GBP/USD may show a positive trend. We suppose the pair will go to 1.5420 first. Having overcome the first target the price might go upwards to 1.5700.
Yen
The dollar fell against the yen after the Japanese Finance Minister Taro Aso said that the yen recent decline was "sharp" intensifying speculation about the BoJ possibility intervention to prevent the Japanese yen sharp decline which had previously reached the minimum level for 12.5 years against the US dollar amid expectations about the US and Japan central banks different monetary policy approaches as the Bank of Japan moved the dates for achieving the inflation target for fiscal 2016.
The central bank last meeting minutes showed that some participants worried that the inflation target would not be reached until 2017.
Trading recommendations
In the short term the pair USD/JPY may show a downward trend. We expect the 123.00 line break that will open the way for the sellers to 121.80.
Gold
Gold prices have not changed as investors are waiting for the US economic growth data publication in the first quarter after a series of the recent US economic data led to the dollar growth.
Trading recommendations
The nearest support is at the level of 1180.00. In its turn, the level breakthrough of 1180 may lead to the gold decline towards 1170.
Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!
Our other services, as well as Forex.ee trading conditions you can find at our official website.
Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.
Euro
European indices came out better than expected, but the media is full of gloomy forecasts about the Greek problem which put pressure on the euro and the British pound. The Deutsche Bank has determined the probability of the Greece agreement failure with creditors by 40% and almost one hundred percent probability of the debt non-payment to the IMF even if signing such an agreement. The ECB Governing Council member Ewald Nowotny (Austria CB) declared to the general public the lack of legal grounds for granting the interim lending to Greece. According to the statistics: the Germany import prices increased by 0.6% in April against the growth forecast by 0.5%, the Swiss trade balance for April rose up from 2.5 billion francs to 2.86 billion.
Trading recommendations
The pair EUR/USD shows a negative trend but we expect the pair’s growth in the short term. The pair can grow to the resistance level of 1.1150. After breaking 1.1150 the buyers may go to 1.1200.
Pound
The UK first quarter GDP second assessment remained unchanged. The GDP second assessment remained unchanged at the level of 0.3%. The number of the UK mortgage lending permits for April increased from 39.2 thousand (revised from 38.8 thousand) to 42.1 thousand while it was expected 39.2 thousand.
The GfK consumer confidence report pointed out to the indicator decrease to 1 from 4 while it was expected no changes. Naturally, it will not stimulate the market to positive emotions within the pound.
Trading recommendations
The pair GBP/USD may show a positive trend. We suppose the pair will go to 1.5420 first. Having overcome the first target the price might go upwards to 1.5700.
Yen
The dollar fell against the yen after the Japanese Finance Minister Taro Aso said that the yen recent decline was "sharp" intensifying speculation about the BoJ possibility intervention to prevent the Japanese yen sharp decline which had previously reached the minimum level for 12.5 years against the US dollar amid expectations about the US and Japan central banks different monetary policy approaches as the Bank of Japan moved the dates for achieving the inflation target for fiscal 2016.
The central bank last meeting minutes showed that some participants worried that the inflation target would not be reached until 2017.
Trading recommendations
In the short term the pair USD/JPY may show a downward trend. We expect the 123.00 line break that will open the way for the sellers to 121.80.
Gold
Gold prices have not changed as investors are waiting for the US economic growth data publication in the first quarter after a series of the recent US economic data led to the dollar growth.
Trading recommendations
The nearest support is at the level of 1180.00. In its turn, the level breakthrough of 1180 may lead to the gold decline towards 1170.
Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!
Our other services, as well as Forex.ee trading conditions you can find at our official website.