Re: SuperForex - Company News

[SuperForex]

---

More bearishness is expected in this pair, as the yen continues to overtake the weakened dollar.
Today we would take a look at the USD/JPY currency pair. It has been much more volatile over the past few months and since the beginning of 2018 the yen has overtaken the dollar: from near the level of 112 now the USD/JPY is trading around the level of 105, which was last reached in 2016.
More information see here

[SuperForex]

The US plans to hit China hard with new tariffs, which has shocked the global markets once again.
Just weeks after Trump’s rather spontaneous announcement that his administration will be imposing tariffs on steel and aluminum imports, a decision that has been a hot topic ever since as many experts and politicians seem to disapprove of, earlier today he announced new tariffs, this time specifically targeting China.
More information see here

[SuperForex]

We have a bearish trend.
On the background of increasing energy prices and the successful negotiations between the United States and Canada, the Canadian dollar continues to strengthen.
More information see here

[SuperForex]

We expect a downward movement.
Since the beginning Tuesday's trading session the dollar index began to strengthen and the dollar began to rise against a basket of major currencies. Wednesday's data showed a good condition and the growth of the US economy, despite the fact that US indices have weakened, while the yield on treasury bonds fell to 2.78%.
More information see here

[SuperForex]

We are waiting for a price correction.
Today an interest rate decision was published in Australia. As expected, the Reserve Bank of Australia left interest rates unchanged at the level of 1.5%. The latest data on production activity gives hope for the strengthening of the Australian dollar.
More information see here

[SuperForex]

The EUR has already achieved the highest level since Dec 2014 and may grow further. The deals to BUY seem the most effective at the moment.
The rates continue in the frames of an uptrend. The value of the EUR against the SGD reached its highest level since December 2014. Compared to last year, the EUR is devoid of the political risks that it had due to elections in the leading EU countries.
More information see here

[SuperForex]

We are waiting for a downtrend.
On the background of a strengthening of the dollar our pair is trading in a downtrend.
Today data in Australia on the trade balance surpassed expectations. However, following the trend our pair has been trading in a corridor for the second consecutive week at 0.7640-0.7790.
More information see here

[SuperForex]

The latest developments in the trade war between the United States and China.
Without a doubt all market-related news in the past two weeks has been dominated by one topic: the tariff war that US President Donald Trump started. While this began with uncertainty – from a mere promise towards a proposal that was full of exemptions for many countries, i.e. a plan with a limited impact, now Trump’s idea has become reality.
More information see here

[SuperForex]

The pair rushed upwards.
Our pair, having updated the new local minimum on the four-hour chart, has turned around and is heading up. The technical indicators show the formation of an upward momentum. In addition, we see the inverted head and shoulders pattern has formed and at the moment the price finishes its completion.
More information see here

[SuperForex]

Demand for safe assets is decreasing at the moment, which negatively impacts the JPY. The deals to SELL still seem the most effective given that NZD doesn't have stimulus for further growth.
Demand for safe assets has been decreasing in recent times, despite fears of a trade war between the US and China.
More information see here