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This week the Federal Reserve increased interest rates, but the dollar didn't change much.
In yet another move contrary to the monetary policy trends elsewhere around the globe, the United States Federal Reserve chose to increase interest rates by another .25% to 1.50% this Wednesday. This week we would take a look at what motivated that decision, as well as what the consequences will be for finance.
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Today the index for the AUD/USD from Investing, which shows the percentage of traders with long positions, was released. The new data is 62.2%, which indicates a bullish situation with this trading instrument.
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Since yesterday the euro began to regain its positions in relation to the dollar, which comes against the backdrop of a lack of significant macroeconomic data. Therefore, yesterday the euro index began to climb up and today has reached the mark of 94.83.
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We are waiting for the bulls.
Right now we expect a number of macroeconomic indicators. Today data on the growth of the GDP of the United States for the third quarter will be published, as well as the index of production activity from the Federal Reserve Bank of Philadelphia.
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As the end of the year approaches, we take a look at Bitcoin, the year's best performing asset.
As we are only a week away from the new year, it is a good time to reflect on what went on with the global markets this year. Without a doubt the most fascinating instrument to watch in 2017 was the world’s most famous cryptocurrency, Bitcoin.
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The pair today seems to be trading flat.
Today after the celebration of Christmas and in preparation for New Year's Eve, our pair entered the price corridor. Markets are almost completely inactive during Christmas vacations and the volatility in the markets has declined.
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The rapid downward trend has been completed in late November. The NZD was under pressure because of the political situation in New Zealand, RBNZ monetary policy. the minimum has been reached but now NZD has found incentives to counter the U.S. dollar.
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Today we do not expect the release of macroeconomic news from the UK. With regards to the United States, a weekly report on crude oil reserves and a number of other less significant indices will be published.
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Both currencies have been supported by the increased commodity prices but the CAD feels more confident and has more perspectives for investors. The deals to SELL would be most effective.
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Today we expect the release of macroeconomic indicators for both currencies, which can accelerate the market and, in the case of improved indicators, turn around the direction of our pair.
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We take a closer look at the protests in Iran and how those might interfere with the global markets.
Usually at the beginning of a new year we tend to take a look forward and try to give you some important events to look forward to in your trading year. However, right now something far more important is going on and we thought it would be best to take the time to talk about it: the Iranian protests.
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Today we would take another look at the EUR/USD currency pair. From around the middle of December the euro began to rally against the dollar and soared around 1.20 right after we entered 2018. However, as of this week the dollar has begun to recover some of its lost positions.
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https://superforex.com/analytics/eur...0118/?x=FORUMS
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The last half of the 2017 showed that the MXN cannot resist the strong dollar, despite the rising oil prices and a relative improvement of the economic situation in Mexico. At the same time, the Mexican government didn't impact the MXN value. As a result, in December the inflation rate increased to 6.77% which is the highest level for the last 17 years. This has been achieved mainly due to the weakening of the Mexican peso.
More information see here
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Yesterday, the US announced that in the near future they could withdraw from the NAFTA agreement and against this background the Canadian dollar fell under the sell-off against other currencies. Oil prices yesterday also stopped their upcoming rally and entered a corridor, which may well indicate the completion of the upward momentum.
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A look at what this year might have in store for some of the most popular currencies.
2018 is here and so are some of the first report from Europe, Asia, and North America. With this mind, we thought it might be helpful to look at some general expectations that experts have for this year in terms of the financial markets: what’s going to grow, what would decline, and all that good stuff.
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For seven months we have seen a rise in the prices for petroleum. As of now prices have already reached three-year highs. At the moment the Brent crude oil prices have approached $70 per barrel and the bullish movement is in no hurry to weaken.
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Today, after the weekend and the celebration of Martin Luther King's Day, the US is returning to the market and we can expect an increase in the volume of trading, as well as increasing volatility in the markets. By the start of the trading day, after a prolonged fall, the dollar index won back 0.22% and we can expect that by the beginning of the American session.
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Investors are back to the safe assets. It's time for the deals to BUY.
At the end of last year GOLD was decreasing in price amid a strong dollar and the growing popularity of cryptocurrencies. But in mid-December the situation began to change: Bitcoin's rapid growth is over and the dollar became vulnerable and less attractive for investors.
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Today we expect the release of data from the US on housing and the index of manufacturing activity from the Federal Reserve Bank of Philadelphia for January, which is forecasted to be less than the previous month.+
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https://superforex.com/analytics/gbp...0118/?x=FORUMS
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With the newest reports on the GDP of China, it appears that the economy is growing.
The economic woes of China have been something we’ve spoken about before on our blog. The country has the second-largest economy in the world and trade relations with all countries, including even the isolated North Korea. However, China’s growth slowed down over the past seven years, causing global concerns.
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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
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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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We expect a correction on the financial markets.
Today a number of macroeconomic indicators are emerging in the United States that can support the reserve currency. The dollar index began to strengthen at the end of last week. It showed growth relative to the main pairs.
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We are waiting for the confirmation signal.
After yesterday's collapse of stock indices around the world, today most of them are trying to adjust to the fall. The dollar index yesterday showed a slight increase, reaching the level of 89.57 as the reserve currency strengthened against the basket of major currencies during the American session.
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We are waiting for a downtrend.
Since the beginning of the fall of stock indices the exchange rate for the reserve currency began to strengthen, and at this point the dollar index has grown more than a hundred points since the beginning of the week.
More information see here
https://superforex.com/analytics/eur...80218/?=FORUMS
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How are Brexit negotiations going in 2018?
While economic news lately have been dominated by topics pertaining to the American dollar and stock market, as well as the monetary policies of the European Central Bank and the Bank of Japan, one very important event deserves to be brought back into the spotlight: Brexit.
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Еhe dollar remains stable at the moment.
The dollar index is trading above the 90.00 mark, and oil prices remain at strong levels. Today we expect the monthly release of the OPEC report.
Today is not rich in news and we do not expect any macroeconomic indicators.
Given the technical indicators, we can see a decrease in demand for the Australian dollar and the formation of a downward trend for this pair.
Our pair has now found the resistance level near MA (21) and it is likely that after the test of this level it will go down again. The MACD is also in the negative zone.
We advice to look for points to enter short positions near the level of 0.7860 and set the take-profit near the level of 0.7730
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We expect the pair to move downwards.
Since the beginning of today's trading session, the dollar index has fallen below the level of 90.00 and is currently losing its positions relative to the basket of major currencies.
More information see here
https://superforex.com/analytics/usd...0218/?x=FORUMS
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The JPY is strengthening against most currencies. The deals to SELL seem most effective in the middle term.
The Japanese yen recently received significant support due to an increase in the demand for safe assets and economic growth in Japan. The yen has strengthened against most currencies. The NZD/JPY currency pair is no exception. After a long uptrend now a new trend has been formed in favor of the JPY.
More information see here
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The dollar is falling.
After the release of yesterday's inflation data, we saw an increase in stock indices and a weakening of the reserve currency, which was reflected in all other pairs, not in favor of the dollar. The dollar index showed a sharp decline, reaching its lowest since December 2014.
More information see here
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This week provided many inflation reports, but what do they mean?
We have mentioned this several times within our previous articles, but today we thought it would be a good idea to look into inflation – the single most important determinant on the financial markets this year.
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We are waiting for a bearish movement.
Today we cannot expect the euro to strengthen against the dollar after Friday's decline. Data released on Friday in the US showed the strength of the US economy and supported investors' optimism.
More information see here
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