Posts Tagged ‘forex analytics’

GBP / USD: analysis and forecast of September 19, 2014 Mr.

Pound on yesterday’s trading session ignored the reports fairly moderate retail and strengthened to the level of 1.6425 in the wake of the predominance of the supporters of the integrity of the UK in a referendum in Scotland.

In today’s Asian session, Sterling continued to go up, and got to a local extremum of 1.6523 due to the preliminary results of the vote count. Remarkably, in an area of ​​Scotland – Clackmannanshire, which was considered a stronghold of supporters of independence of the country, as a result of the department voted only 46.2% of the population.

It is quite possible that at least the appearance of positive data on the next ballot, the rise GBPUSD continue. Since the macroeconomic calendar for the UK on Friday, is empty, then the only upside driver will be the outcome of the referendum.

On Friday, the pair is expected to continue lifting the pound-dollar to the lines of resistance 1.6537 – 1.6612 – 1.6643 – 1.6700.
Otherwise, the “bears” can test line supports at 1.6444 – 1.6344 – 1.6232.

XAU / USD: the dollar is still strong

Yesterday gold futures on the Comex again updated at least, falling to the level of $ 1215.80.

Since the American dollar still looks very strong, it has no obvious factors that could expand the price of gold up.

Next strong support is the area of ​​1201 – 1199 $, which passed, the metal can continue its downward path. Guidelines are the minimum level of traffic in the four years – 1180 $ per troy ounce.

On Friday, the following is recommended. In case of a favorable situation for the development of the “bulls» XAUUSD can test the strength of the nearest resistance line at $ 1230.05, then the course is likely to reach the marks 1234.80 – 1243.65 $.

Otherwise, the initiative will take advantage of the market “bears” and quotes in a continuation of the downward trend can be reduced to lines of support at 1218.16 – 1215.75 – 1210.84 $.

Pound / dollar before and after referenduma- HSBC

Release HSBC strategist Dara Maer, GBP / USD pair is practically in the same place where she found the news about the possible secession of Scotland from the United Kingdom.

“The markets have started to show concern at quotation GBP / USD 1.6620, so it is likely that the news of the victory of supporters indivisible UK, send a couple at that particular area or so. We do not think that the pound will strengthen further, because all saw strong growth of the dollar in the last couple of weeks. For example, I believe that the limit of growth for the GBP / USD is 1.6500, and even not higher, “- says the expert.

At the time of writing, the pound-dollar is trading around 1.6340.