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The pair is headed up.
After the macroeconomic indicators published in the United Kingdom, the pound appreciated and rose above 1.3150. Furthermore, some aspects of the recent negotiations on Brexit had an impact on the rate of the British currency.
More information see here
https://superforex.com/analytics/gbp...0918/?x=FORUMS
https://superforex.com/additionalima...s-110918-0.jpg
We are awaiting quite a few reports from the United States today.
There are a number of events and reports expected today, which would likely have an impact on the financial markets.
First of all, we are set to receive the latest data on inflation in the United States. This is the most important factor for determining when the next rate increase by the Federal Reserve will take place. The data is expected at 12:30 GMT. Analysts’ forecast is that the PPI grew by 0.2% in August and 3.2% YoY, with a 2.7% YoY for the CPI. If the numbers turn out higher than the forecasts, an interest rate increase may happen sooner than expected.
At 18:00 GMT we expect the Federal Reserve’s Beige Book - a report that contains a detailed assessment of the economic situation from all branches of the Fed. There will also be speeches by two different leading members of the Federal Reserve. Overall, today we are set to learn quite a lot about the US economy and where things are headed for the American dollar.
The pair moved away from the lows.
For a while we have observed that against the backdrop of the trade war between the United States and China the Australian dollar's rate declined relative to the reserve currency.
More information see here
https://superforex.com/analytics/aud...0918/?x=FORUMS
https://superforex.com/additionalima...s-130918-0.jpg
Many separate events affected the markets this week.
This week there was no single major event that the financial markets were influenced by. Instead, we can say that multiple smaller things happening all over the world had their impact on the main trading instruments that you are interested in.
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The pair is in a corridor.
At the moment we are seeing that the currencies are balanced and the existence of clear and working levels of resistance.
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https://superforex.com/additionalima...s-180918-0.jpg
The upward trend is losing its intensity but continues. The deals to BUY seem the most effective in the short term.
The trade conflict between the US and China is gaining momentum, which negatively affects the cost of oil.
More information see here
Attachment 32816
The pair is directed upwards.
On our chart we see that the price has updated the maximum values since July this year and is directed upwards. The trend indicator RSI shows an upward movement.
More information see here
https://superforex.com/additionalima...s-200918-0.jpg
The latest round of negotiations brought no results.
This week brought difficult news for the United Kingdom. British Prime Minister Theresa May spent the past few weeks in a heavy battle with her government, trying to forge a plan for a Brexit deal, and after some positive remarks from the chief EU negotiator Michel Barnier several weeks ago, the British had hope that they would be close to securing a deal.
More information see here
We can buy the pair, as it shows a bullishness.
Today we would take a look at the EUR/USD currency pair. Though we have seen ups and downs in this instrument lately, the general price movement in September has been upwards and continues to be so.
More information see here
Attachment 32843
We need to sell the pair today, as the trend has turned bearish.
Today we would take a look at the EUR/USD currency pair. Despite a drop in the dollar two weeks ago, recently the American currency strengthened again and pushed the pair towards bearishness.
More information see here
Attachment 32920
The pair continues to decline.
The US dollar index continues to grow and the reserve currency strengthens against the British pound. The recently released UK PMI index showed disappointing results and accelerated the pair’s decline.
More information see here
https://superforex.com/analytics/gbp...1018/?x=FORUMS
https://superforex.com/additionalima...s-021018-0.jpg
The EUR is weakening against most currencies due to the continued economic recession an high budget deficit in Italy. The deals to Sell seem the most effective in the medium term.
The uptrend gradually transformed into a weak downtrend, which was formed under the influence of the economic slowdown in the EU and the ECB's soft monetary policy.
More information see here
Attachment 32943
The uptrend continues
At the moment, the monetary policy of the Fed and the Bank of Japan for the near future is clear and we see a formed uptrend on the chart.
The dollar rally continues, US stocks are rising and indices are at historic highs. Japanese stocks have been falling for the past three days, but the state regulator is doing its function and the level of foreign investments is growing.
More information see here
https://superforex.com/analytics/usd...1197/?x=FORUMS
https://superforex.com/additionalima...sis-1197-0.jpg
A quick look at the US's trade relations with countries other than China.
It has been no secret that the trade relations between China and the United States have been getting progressively worse with each passing month this year. Nevertheless, it is important to also note that Donald Trump still has his aim up at other trading partners of the US, such as Europe and Japan.
More information see here
The strong bearish trend offers us a chance to sell the pair.
Today we would take a look at the EUR/USD currency pair. The dollar continues to steadily push against the euro, taking the single currency further down each day.
With no expected changes in the dovish policy of the European Central Bank and not that many events to look forward to within the eurozone, it is expected that the euro will continue to be susceptible to the movements of other currencies.
More information see here
https://superforex.com/additionalima...4681eb8927.png
The pair is declining.
In our pair we see alternating descending peaks, which is a sign of a downward trend. In general, if a pair wins back something within five candles, then it will probably lose positions with the next candle.
More information see here
https://superforex.com/additionalima...s-091018-0.jpg
The AUD continues to decrease against the CAD. The deals on the trend are still effective in the short term.
The rates continue within the downtrend, which has lasted for more than a year. As a result, the quotes are steadily approaching the psychological level of 0.911 CAD, below which the Australian dollar has not fallen in this decade.
More information see here
Attachment 33039
The pair went into correction
The dollar index opens with a gap in the negative zone for the 3rd day in a row and demonstrates a downward movement.
Despite positive assessments by Fed Chairman Jerome Powell, investors decided it was time to move on to risky assets.
More information see here
https://superforex.com/analytics/gbp...1213/?x=FORUMS
https://superforex.com/additionalima...sis-1213-0.jpg
The disappearance of a prominent Saudi journalist is worrying the world.
A new scandal is brewing around Saudi Arabia this week. The country has mostly been quiet, except for when OPEC meetings were concerned, but it made the headlines for a much darker reason recently: a Saudi journalist, Jamal Khashoggi, disappeared in Turkey and is presumed dead.
More information see here
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https://i.imgur.com/TgCfM1p.jpg
Gold has been restored in price recently to the 3-month maximum. However, the deals to SELL still seem optimal in the short term.
Gold for the last six months has finally lost the status of a ”safe haven" for investors. With the strengthening of the dollar, investing in the yellow metal has become unprofitable.
More information see here
Attachment 33121
The pair declines.
Since yesterday's trading session we have seen that the pair has fallen below the 1.15 mark, but has not yet been able to gain a foothold. Despite the controversial data released yesterday in the US, the US dollar strengthened.
More information see here
https://superforex.com/additionalima...s-181018-0.jpg
A report and an evaluation of the most important developments from this week's summit of EU leaders.
The leaders of Europe gathered in Brussels this week to discuss the most important topics of the day: Brexit, security measures, migration, and climate change. Here are the highlights from this major event.
To begin with, we need to talk about the Brexit negotiations, as this has been without a doubt the leading topic of the summit and the one analysts were looking forward to the most.
More information see here
The pair found a level of support.
During yesterday's trading session the dollar index gained over 40 points and the reserve currency strengthened against the basket of major currencies. Against this background, we observed a decrease in the price of this pair.
More information see here
https://superforex.com/additionalima...s-231018-0.jpg
EUR/USD. We see that the price was able to overcome the level of 1.1450 and reached the level of 1.1405.
GBP/USD. We see that the price went below the mark of 1.2960 and is now testing the mark of 1.2930.
AUD/USD. The pair is below the MA21 and returned to the lower Bollinger band. The Stochastic indicates a sell, with a possible progress to 0.7045.
USD/CAD. The pair is still below the 1.3120 mark, but found support near the MA21. The technical indicators are multidirectional.
https://www.youtube.com/watch?v=OIJLkAfvgb4
We can try selling the pair today.
Today we would take a look at the USD/JPY currency pair. The price has retreated from the highs registered at the beginning of October and is holding steady within a channel between 111.64 and 112.88.
More information see here
Attachment 33189
The European economy is not growing as much this year as it did in 2017, so what's in store for the future?
In the absence of any urgent developments on the financial markets this week, we decided it is time to take a look at something that’s gone more or less under the radar lately: the European economy.
More information see here
The pair is trading at the bottom.
Today we are waiting for the publication of the consumer confidence index in the U.S., which can significantly increase market volatility. Currently the dollar index is at 12-week highs.
More information see here
https://superforex.com/additionalima...s-301018-0.jpg
The JPY being a safe asset has a perspective in the long term but now the deals on the trend seem the most effective.
The rates continue in the frames of the upward trend started in March 2018. During this time, the Canadian dollar received support due to the growth of oil prices, a balanced monetary policy and a good economic situation.
More information see here
Attachment 33291
The pair is turning around.
After the dollar index reached one-year highs approaching the 97.00 mark during yesterday's trading, we are seeing a weakening.
The recently released macroeconomic indicators from the UK showed worse results than expected. However, the chart still shows an upward movement. Today we expect increased volatility in the pair, as today there will be a speech by the Bank of England's head Mark Carney and the publication of the BoE interest rate decision will take place.
More information see here
https://superforex.com/additionalima...s-011118-0.jpg
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.
https://www.youtube.com/watch?v=krAZ4uFaNtw&feature=youtu.be
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
Attachment 33363
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
Attachment 33408
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
Attachment 33421
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?
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