27.01.2016 - The Australian dollar may continue to rise
The price of the Australian dollar continued to rise inside the rising channel, and was able to break through the strong resistance level at 0.7050, which is a signal to close short positions. Fixation above this mark will be the confirmation of a buy signal with the upside potential to 0.7180 and 0.7350. In this case, the stop must be installed below 0.6900. We maintain a medium-term negative outlook, but likely will see continued growth in the near future.
Forex and CFD
27.01.2016 - Traders are waiting for the decision of the RBNZ
Currency trading and the euro. The price of euro indicates consolidation before the decision of the Fed on monetary policy, which will be published today at 19:00 GMT. It should be noted that the probability of changes in the parameters of monetary policy today is minimal, but the Fed may hint at future plans for raising interest rates. It is noteworthy that poor statistics in the United States reduces the possibility of raising interest rates in March, which has a positive impact on the price of the euro. Today, the dynamics of trading will also affect data on the index of consumer confidence in Germany from the Ifo (07:00 GMT) and new home sales in the US (15:00 GMT). We maintain a medium-term negative outlook for the euro.
Currency trading and the British pound. The price of the...
27.01.2016 - Gold may rise after the Fed statement
The price of gold corrected downward after strong growth, which was caused by the increasing demand for defensive assets. Today is forecasted the rise of price volatility after the publication of the Fed statement on monetary policy. Analysts do not predict changes in the parameters of monetary policy, and will follow the rhetoric of the statements. In the case of softer statements, which will reduce the probability of monetary policy tightening in the near future, the price of gold will continue to grow. We expect a gradual increase in prices of gold, but its potential is limited.