SuperForex Company news

[SFX_Official]

Highlights from the WEF in Davos

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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[SFX_Official]

EUR/USD Technical Analysis


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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[SFX_Official]

GBP/USD Technical Analysis


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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[SFX_Official]

AUD/CAD: Review & Forecast


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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[SFX_Official]

AUD/USD Technical Analysis & Forecast


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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[SFX_Official]

EUR/SGD: Short Review and Forecast


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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[SFX_Official]

GBP/USD Technical Analysis


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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[SFX_Official]

EUR/USD Technical Analysis


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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[SFX_Official]

CAD/JPY: Fundamental Review & Forecast

Investors this week prefer safe assets, so the JPY increased in price against the CAD. Short deals seem most effective now.

The Canadian dollar, which had previously been supported by increasing oil prices and positive economic data, again came under pressure. The price of oil is rapidly decreasing because of the growth of oil extraction in the United States and the situation on the US stock market this week which have a significant impact on the situation on the market.

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[SFX_Official]

EUR/USD Technical Analysis


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.

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[SFX_Official]

An Update on Brexit


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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[SFX_Official]

AUD / USD technical analysis


The 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

 

[SFX_Official]

USD/CAD Technical Analysis


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.

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[SFX_Official]

NZD/JPY: Review and Forecast


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.

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[SFX_Official]

GBP/USD Technical Analysis


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.

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[SFX_Official]

Global Inflation


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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[SFX_Official]

EUR/USD Technical Analysis


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.

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[SFX_Official]

GBP/USD Technical Analysis

The dollar has strengthened.

Today the GBP/USD index from Investing was released and amounted to 46.1%. It indicates bearish expectations for the pair. Yesterday the US stock exchanges were not active due to the celebration of the President's Day holiday and our pair moved downwards.

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[SFX_Official]

Oil (CL/WTI): Review & Forecast for the Near Future


There are a number of factors that support the oil but the short deals seem more effective due to the constant increasing of oil extraction volumes in the USA that negatively impacts the rates.

Oil is above $60 per barrel, after two weeks of the price falling to $58.5

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[SFX_Official]

AUD/USD Technical Analysis


We are waiting for a powerful downtrend impulse.

Yesterday the minutes of the Fed meeting held on January 30-31 were published. The data released strengthened the outlook for an imminent increase in the interest rate and helped strengthen the dollar. Thus, the dollar index rose above the level of 90.00.

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