Re: SuperForex - Company News

Today the markets are optimistic that the US and China might reconcile.
The trade war that US President Donald Trump began this year is still developing and sending harmful ripples through the global economy. Stock markets have been hit particularly hard, as have some commodities, as a result of slowing economic growth. However, this week some of those losses are stabilizing and investors seem optimistic for the first time in months – why is that?
More information see here

EUR/USD. The price is above the MA21 and below the level of 1.14.

GBP/USD. The price is trying to hold over the MA120.

AUD/USD. If it doesn’t overcome the mark of 0.7110, we think there will be a rebound to the levels of 0.7160 and 0.71.

USD/CAD. The MACD moved closer to the 0 mark and the Stochastic is leaving the oversold zone.

That's all for now. Thank you for watching! Subscribe to our channel for more updates.

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.
More information see here

https://superforex.com/additionalima...s-061118-0.jpg

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.
More information see here

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.
More information see here

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.
More information see here

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%.
More information see here

https://superforex.com/additionalima...s-131118-0.jpg

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.
More information see here

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.
More information see here

https://superforex.com/additionalima...s-151118-0.jpg

Theresa May is under pressure to find support for her Brexit draft, but that seems unlikely.
News headlines blew up this week with progress on Brexit. After more than a year of painful stalemate, with the March deadline approaching fast (and considering the deal has to be agreed upon months ahead of that deadline in order for legislation to pass all across the European Union), the United Kingdom and especially Prime Minister Theresa May have been under an immense amount of pressure to produce a deal. So, as of today, where do we stand with Brexit?
More information see here