FORECAST FOR THE NEW WEEK: NOVEMBER 18-22, 2013 Next week Ben #Bernanke’s (the Head of the US FED) speech will be in the limelight of the investors’ attention, as it can affect #dollar’s movements. Also, protocols of the Open Markets Committee will be published on November 20. Investors are waiting for the #QE3 program cuts since the beginning of the year, so all news related to this event are considered very important. According to the results of the poll held by Bloomberg agency, most of the experts expect the decrease of QE3 by $15 B only in March. #Euro’s week will be filled with important macroeconomic data. Germany’s Centre for European Economic Research (#ZEW) will publish its Economic Sentiment #Index on Tuesday, November 19, and #Markit will release info about French and German #PMIs. Both indices are very important and show growth of #Eurozone’s economy. Their values can significantly affect #Euro’s positions. According to tech. analysis, 1,3380 is the next support level. If it is breached down, a downwards #trend can start and a 200-day moving average at 1,3240 can become a new downwards #target. Bank of #England will publish last reports from the meeting of the Monetary Policy Committee on November 20: no surprises are expected here. There should be no further easing in the nearest future, and changes will come into effect only when #unemployment level will reach 7,0%. British #pound looks very strong recently, and if a resistance level at 1,6120 is breached, it will open a way to the yearly maximum at 1,6240. Reserve Bank of #Australia will also publish its protocols on November 19. As opposed to England, this document will be thoroughly checked by market participants, as #Australian regulating body has already surprised investors many times over the year. According to tech. #analysis, 0,9260 will be the most important support level next week. If this level is breached down, then quotations will get to 0,9150. Japanese #Yen was able to breach a technically and psychologically important level at 100,00, and now has all chances to reach 101,45, backed up by positive dynamics on stock markets. A new meeting of the Bank of #Japan will be conducted on Thursday, however, it won’t likely affect trading. Make profit in Forex with MAYZUS.COM - MAYZUS This information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.
Posted on: Fri, 15 Nov 2013 22:25:05 +0000
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