Ekaterina Fechina
Company Representative
- Messages
- 522
Issue №9 from 09/08/2014
Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.
Euro
The end of the week, despite the ECB President Mario Draghi's speech was poor on the news. Firstly Draghi said nothing about the upcoming LTRO. He just acknowledged that the economic outlook would worsen and Russian response to the EU sanctions would play not the last role for this.
Russia banned the products import from the EU, USA, Canada, Norway and Australia. Russian sanctions imposed on beef, pork, poultry, fish, cheese, milk, fruits and vegetables.
Trading recommendations
The pair completed the correction development. We expect the growth scenario to the level 1.3520. Further we expect a decline back to the level of 1.3385. Then we consider the possibility of a reversal pattern with a potential growth to the level 1.3550.
Pound
The trade balance forecast for June is - 8.9 billion pounds versus -9.2 billion. The UK production volume in the construction sector (Construction Output) is expected to increase by 1.1% compared to -1.1% in May.
The construction Output can still leave some predictive value as mortgage lending and business activity in the construction of the previously demonstrated growth. But there were no significant data to improve the trade balance.
Trading recommendations
The pair has broken down the consolidation. We expect the decline to be continued to the level 1.6767. Next, we expect the reversal development pattern and the continuation of the uptrend.
Yen
The dollar/yen fell again, approaching to the support in the area of 101.59. They buy the Japanese currency after the United States decision to strike militants in Iraq which provoked another demand for "risk-free" assets.
Trading recommendations
The pair continues to develop a decrease structure. The main target is the level of 99.30. Today we expect the level 101.30 to be reached. Next, we do not exclude its attempt to return to the level of 102.00.
Gold
The gold futures fell during the Friday session. In the division of the New York Mercantile Exchange's Comex, gold futures with delivery in December was traded at 1.309,20 per troy ounce, rising to 0.36%.
Trading recommendations
The gold continues the growth structure. The main scenario is a consolidation at the current highs. Further we expect a decline to the level of 1280.
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
The end of the week, despite the ECB President Mario Draghi's speech was poor on the news. Firstly Draghi said nothing about the upcoming LTRO. He just acknowledged that the economic outlook would worsen and Russian response to the EU sanctions would play not the last role for this.
Russia banned the products import from the EU, USA, Canada, Norway and Australia. Russian sanctions imposed on beef, pork, poultry, fish, cheese, milk, fruits and vegetables.
Trading recommendations
The pair completed the correction development. We expect the growth scenario to the level 1.3520. Further we expect a decline back to the level of 1.3385. Then we consider the possibility of a reversal pattern with a potential growth to the level 1.3550.
Pound
The trade balance forecast for June is - 8.9 billion pounds versus -9.2 billion. The UK production volume in the construction sector (Construction Output) is expected to increase by 1.1% compared to -1.1% in May.
The construction Output can still leave some predictive value as mortgage lending and business activity in the construction of the previously demonstrated growth. But there were no significant data to improve the trade balance.
Trading recommendations
The pair has broken down the consolidation. We expect the decline to be continued to the level 1.6767. Next, we expect the reversal development pattern and the continuation of the uptrend.
Yen
The dollar/yen fell again, approaching to the support in the area of 101.59. They buy the Japanese currency after the United States decision to strike militants in Iraq which provoked another demand for "risk-free" assets.
Trading recommendations
The pair continues to develop a decrease structure. The main target is the level of 99.30. Today we expect the level 101.30 to be reached. Next, we do not exclude its attempt to return to the level of 102.00.
Gold
The gold futures fell during the Friday session. In the division of the New York Mercantile Exchange's Comex, gold futures with delivery in December was traded at 1.309,20 per troy ounce, rising to 0.36%.
Trading recommendations
The gold continues the growth structure. The main scenario is a consolidation at the current highs. Further we expect a decline to the level of 1280.
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.