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EUR/SGD: Fundamental Review & Forecast
The EUR is under pressure due to the results of elections in Italy. Short deals can be effective in the short term based on the price correction.
On the market we can see a situation where almost all major currencies are under the pressure of negative factors. The EUR at the moment again is coming under the influence of political factors. Despite the formation of a coalition in Germany, after lengthy negotiations, which means the preservation of Angela Merkel's position, the EUR fell in price due to the elections in Italy, where populist and right-wing parties significantly strengthened their positions.
More information see here
https://superforex.com/ru/analytics/...0318/?x=FORUMS
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AUD/CAD Technical Analysis
Today the index of investing for our pair came out, which amounted to 47.9%. It follows that at the moment there are fewer bullish positions than bearish ones. Traders are inclined to sell this instrument.
More information see here
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GBP/USD Technical Analysis
We are waiting for a bearish movement.
At the moment our pair is trading at the fairly strong level of 1.39 and cannot overcome this mark. Today we expect a series of macroeconomic data from the US. The dollar index is in the flat and now the average value is 90.00.
More information see here
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GBP/CHF Technical Review & Forecast
We expect the formation of a second wave.
Today Switzerland has agreed on the issue of the Swiss interest rate. As expected, they chose to leave it unchanged at the level of -0.75%. In addition, a presentation was made with an assessment of the monetary policy of the National Bank of Switzerland.
More information see here
Attachment 30943
Where Is Oil Headed in 2018?
Will oil prices continue to increase this year or would their growth be stalled by the increasing production in the US?
The situation on the oil market has been very dramatic in the last few years. After a prolonged period of record high oil prices, the market crashed due to oversupply in 2015, with major price drops well into 2016. OPEC took steps to contain the crisis by agreeing to cut down their production by 1.8 million barrels per day in order to alleviate the oversupply and allow prices to grow naturally, and were joined in this effort by a few non-OPEC states, such as Russia.
More information see here
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EUR/USD Technical Analysis
We are looking for points to enter long positions.
The US dollar rate rose slightly against the background of expectations of an increase in the Fed's interest rate. Investors are waiting for the publication of the Fed's decision on whether the rates will be increased more than three times this year, as previously announced.
More information see here
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AUD/CAD Technical Analysis
We expect the continuation of the current downtrend.
The data published in China has the strongest impact on the Australian currency right now. Our pair continues to decline for the fourth day in a row.
Statements by the Prime Minister of Canada that Donald Trump looks positively on the NAFTA agreement strengthened the rate of the Canadian currency.
More information see here
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GOLD (XAU/USD): Short Review and Forecast
The FED is likely to change the rate today. So the deals to SELL seem most effective at the moment.
At the moment the US dollar is stable, which is reflected on the value of Gold. The rates consolidated within the flat trend starting from January. At the same time, there are signs of movement of the rates down to the support line, as the demand for safe assets decreased this month. If investors want to invest in the “safe assets”, they prefer a strong Japanese yen, as the most promising and stable currency to date.
More information see here
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USD/JPY Technical Outlook & Daily Chart
More bearishness is expected in this pair, as the yen continues to overtake the weakened dollar.
Today we would take a look at the USD/JPY currency pair. It has been much more volatile over the past few months and since the beginning of 2018 the yen has overtaken the dollar: from near the level of 112 now the USD/JPY is trading around the level of 105, which was last reached in 2016.
More information see here
Attachment 31057
