Yesterday there were several events that affected both currencies. They helped the pair gain a foothold above the 1.3400 mark and at the moment the pair is trading near the 1.3456 mark.
More information see here
This is a discussion on Re: SuperForex - Company News within the Forex Brokers forums, part of the Trading Forum category; Yesterday there were several events that affected both currencies. They helped the pair gain a foothold above the 1.3400 mark ...
Yesterday there were several events that affected both currencies. They helped the pair gain a foothold above the 1.3400 mark and at the moment the pair is trading near the 1.3456 mark.
More information see here
Despite OPEC's decision to extend cuts into 2018, oil prices only made moderate gains.
Yesterday the Organization of Petroleum-Exporting Countries held their long-awaited summit in Vienna. OPEC members met the expectations of investors perfectly by agreeing to extend their current agreement to reduce oil extraction past its expiration date, from March 2018 until the end of next year.
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By the beginning of the trading week the dollar opened in positive territory, despite the political squabbles associated with the resumed investigation of the intervention of the Russian special services in the election of the US president.
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By the beginning of today's trading session the dollar began to strengthen. Today we expect a number of macroeconomic indicators from the US and the eurozone.
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The MXN has been gradually strengthening but next week the situation can change again in favor of the USD.
Mexico's economy is gradually recovering from the impact of natural disasters, which positively affected the rate of the MXN. After a lasting uptrend and a consolidation phase, the MXN strengthened against the dollar by 4.1%.
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We have a bearish trend with this pair.
Recently the UK's national currency has been in a state of stress amid political scandals and the Brexit negotiation process. This is why the recent breakdown of the next round of negotiations led to fears about the dismissal of Prime Minister Theresa May and the fall of the pound.
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https://superforex.com/analytics/gbp...ysis/?x=FORUMS
The pound marked gains as a deal between the UK and the EU was finally striked on Brexit.
This week finally brought a piece of good news for the United Kingdom. After months of stagnation in the talks with the European Union on the specific conditions under which the UK will be leaving the bloc, Britain finally managed to take a step forward by meeting some of the EU’s demands.
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There are bearish opportunities with this pair today.
This month there is a 90% chance the Federal Reserve will raise interest rates, as indicated by Fedwatch. In the US data will be published on the labor market and it is predicted that the number of vacancies will be 6,030M, which is slightly fewer seats than last month.
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The price is undergoing a correction.
During the last four trading days oil rallied and gained +6.5% and at the moment the price of Brent is fixed above the mark $65 per barrel, which is a two-year high.
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Last edited by SuperForex; 12-12-2017 at 02:39 PM.
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