GBP/USD Technical Analysis
The pair is going up.
At the moment the dollar index is falling and has moved away from the highs reached last week, going down to the level of 96.10. Therefore, our pair showed a strong upward movement last week.
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USD/SEK: Fundamental Review & Forecast
The US election negatively impacted the rates. However, we can expect the rates to recover after that. The deals to BUY seem the most effective in the medium term.
The USD/SEK rates haven't changed significantly over the last month. We can still see a rapid upward trend, with no signs of completion. The USD continues to be supported by strong macroeconomic statistics, while in Sweden there is a slowdown in economic growth, as well as in the EU as a whole.
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Is a Reckoning Coming for Trump?
The President's future in the White House is in question after Democrats won positions in the midterm elections.
A new era might be coming for Trump’s presidency in light of the midterm election results. Indeed, while the financial markets welcomed the results, which aligned perfectly with analysts’ expectations, seeing in them signs of more political stability in the United States and less brashness, the overall picture is not that rosy for the White House.
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EUR/USD Technical Analysis & Daily Chart
The price has sunk to 17-month lows and will remain bearish.
Today we would take a look at the EUR/USD currency pair. The euro briefly recovered in the lull preceding the midterm elections in the United States held last Tuesday, but as soon as the results started coming in, meeting the forecasts, the dollar began strengthening again, pushing the euro to its lowest level since June 2017.
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GBP/USD Technical Analysis
The pair found the support level.
The data from the UK at the moment has shown worse than expected results. Thus, labor market indicators point to an increase in unemployment and 4.1% was published instead of the expected 4.0%.
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NZD/JPY: Fundamental Review & Forecast
The deals on the trend seem the most effective in the near future after sure growth. Investors will be waiting for the outcome of negotiations between the USA and China in late November.
The rates continue within the downtrend. The trade conflict between the US and China had a negative impact on the value of the NZD, amid the economic downturn in New Zealand and an extremely soft monetary policy.
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EUR/USD Technical Analysis
The pair is in a correction.
Today we expect several speeches by ECB members, while in the US representatives of the FOMC and Fed Chairman Jerome Powell will also make statements. During these presentations we expect increased market volatility.
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