Analyst from company ForexMart

Analyst from the company ForexMart (ForeksMart)

USD / CAD. 07.02.

Looney restored

Today, Canada is expected to yield data relating to the balance of trade, the volume of building permits issued and the activity index from Ivey. Previous rates were high enough, so now investors rollback pending factors that can contribute to rapid recovery of vapors.

Quotes tool moved upward. "Bulls" seized the initiative after a small lateral movement. 1.3175 resistance level potential breakthrough strengthened "bovine" trend would be expected to further growth of the pair. Indicator MACD and Stochastic directed upwards, which also confirms the further development of the upward movement.

USD / RUB. 07.02.

The ruble has updated a record low

Yesterday, the Russian currency has updated its minimum values. Last value of the dollar dropped to a mark of 58.45 is only one and a half years ago. The growth and strengthening of the ruble contributed to the weak dollar, and relatively stable oil, and hopes for a thaw in relations between Russia and the United States. However, today, it can bring a lot of changes as oil prices moved sharply down from a high of $ 57.50. If Brent crude oil will fall to $ 56.20, the pair USD / RUB will maintain lateral movement with the range of 58.56 - 59.60.

Moreover, it will start today asked the Ministry of Finance, which traditionally weaken the position of the Russian currency. Well, the dollar being able to very long-term weakening, is soon to make a correction. When the pair may return to the level of 59.40 and higher, up to 60 rubles per dollar.

Commodity prices forecast on February 7

Yesterday the pair tested the 3-month high near $ 1235.78 mark. The reason for the growth of gold was the employment data from the US report, which will ensure the traders that the Fed will delay raising rates for some time, as well as the inflow of deposits in specialized funds in gold. The forecast for tomorrow involves regrowth resistance levels, arranged in 1241, 1244, 1249.

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