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CAD/CHF Review and Forecast
Starting from January, an upward trend was formed in favor of the CAD, which became possible due to the recovery of oil prices. After reaching many-years lows, oil recovered and solidly entrenched in the range of 50-55 dollars per barrel of CL/WTI. This became possible after the emergence of the political crisis in Venezuela, which was on the verge of a coup.
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Attachment 34325
Trump's State of the Union
This week we caught a glimpse as to what is in store for American politics when President Trump gave his annual State of the Union address. Postponed by about a week due to the government shutdown, the State of the Union is seen as a golden opportunity for the President of the United States to set the political agenda for the whole year ahead. We decided to present you with a few highlights from the event and see what we can expect from a President who has repeatedly proven difficult to predict the actions of.
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EUR/USD Technical analysis
Today we would take a look at the EUR/USD currency pair. The pair has been in a steep decline all through February so far.
The economic situation in Europe continues to be suboptimal. Recent fundamentals provided proof for the ongoing economic slowdown in Europe, showing that the poor global situation is also affected the eurozone.
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Attachment 34404
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EUR/USD Technical analysis
On the daily chart we observe that the pair has declined for six days in a row and the dollar index reached its maximum annual values, rising above the level of 96.80.
A meeting of EU finance ministers will be held today, where future plans will be discussed. In part, the single currency rate is also affected by the Brexit negotiation status.
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Attachment 34414
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CAD/JPY: Fundamental Review & Forecast
Starting from January we have observed the rates within the upward trend. The Canadian dollar received the necessary support by rising oil prices and reducing the risks associated with the trade conflict between the US and Canada. At the same time, the economy remains at the optimal level, although it is not in the stage of active growth.
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Attachment 34417
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EUR/USD Technical analysis
During yesterday's rally, the dollar appreciation resumed and the pair started a downward movement again. The dollar index again approached 97.00 showing the strength of the reserve currency.
The euro, on the contrary, is trying to reduce the ECB’s efforts and the pair continues to approach four-month lows.
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Attachment 34427
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USD/SEK: Fundamental Review & Forecast
The rates continue within the upward trend formed in early 2018. A month earlier we saw signs of a trend change, but this did not happen. Quotes again rushed up in favor of the USD. The increase in the interest rate by the Central Bank of Sweden and the fairly hawkish attitude, amid the central banks of other countries, including the United States, soften monetary policy and did not change the situation.
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Attachment 34478
GBP/USD Technical analysis
Against the background of investors' optimism, our pair was able to turn around five days ago and head up from the level of 1.2785. Yesterday Prime Minister Theresa May arrived in Brussels to continue negotiations and the pair halted growth in fear of a failure.
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