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The pair is in a downtrend.
This week we do not expect the release of any significant indicators which would be able to turn the markets around.
The US dollar is under pressure due to the possible suspension of the government's work for the first time since 2013.
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The pair in undergoing a price correction.
Today we expect the release of the index of economic activity (ZEW) from Germany - this news may affect the market.
In the United States after an agreement between the Democrats and the Republicans the government resumed its work and at the moment its funding is agreed upon by February 8. American stock indices showed growth.
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The upward trend was completed at the end of the year, and instead formed a new, intense downtrend. The value of the dollar has been decreasing during the month, against most currencies. It was mainly because of political factors.
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Today we expect the gross volume of mortgage loans and the index of changes in retail sales from the UK. After the release of previous reports from the UK, our pair has updated the 2-year highs and is currently near the 1.4250 mark, having moved from the maximum mark of 1.4325.
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https://superforex.com/analytics/gbp...0118/?x=FORUMS

Today is the last day of the World Economic Forum and Trump is giving a speech.
Each year some of the most powerful people in the world – presidents, prime ministers, central bankers – gather for a week in the small ski resort of Davos, Switzerland. They spend five days conferring with one another on topics pertaining to the global economy, trying to come up with solutions to international problems together.
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The pair has reached the limit of its growth.
ECB members Sabina Lautenschleger and Benoit Cœuré will speak today, during which we expect the euro to accelerate.
On Friday at the International Economic Forum the keynote speech was delivered by the head of the White House, Donald Trump, in which he stated that his program "America First" would be useful for the whole world.
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We are waiting for a bearish movement.
To date, our pair has moved away from the previously reached highs and has been hovering around the level of 1.4310. The data released today from the UK showed mixed dynamics and did not significantly support the British currency.
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The CAD is under pressure due to the oil price falling. However, the short deals seem more effective at the moment.
An upward trend was formed in December due to the improvement of the economic situation in Australia and the rising prices of the iron ore. On the back of strong economic statistics, investors have increased the probability of a rate hike by the RBA, although they did not plan to change their soft monetary policy.
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We expect a bearish movement.
Today in Australia the index of prices for exports and imports was released and showed results better than forecasted. However, permits for new construction introduced a negative trend. The Australian dollar and its weakening are affected by the prices of raw materials and indicators of China's economy.
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The rates reached the price level from August 2014. There's a high probability for a price correction, so the short deals seem more effective.
The upward trend continues and the euro strengthened versus all currencies, including the SGD. Moreover, the trend is becoming more rapid, given the emerging downturn in the Singaporean economy. The rates continue to test the resistance line and to push it up, achieving the price level of August 2014.
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