Re: SuperForex - Company News

[SuperForex]

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After yesterday's Federal Reserve decision on the interest rate, we observed a large rising candle to the level of 1.1445. After that, the pair went into a correction when the bulls decided to take profits. The pair overcame several resistance levels at once and has now returned to the level of 1.1410.
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[SuperForex]

When in 2016 the United Kingdom’s citizens were invited to cast their votes in a referendum as to whether they want to stay or leave the European Union, the Brexiteers prevailed by a narrow margin. Since then the conservative government led by Theresa May has championed that her cabinet deliver on that promise, one way or another. She formally triggered Article 50, which set the deadline for Brexit to March 29, 2019. However, with one week until Brexit it is now official: the exit of the UK has been delayed.
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[SuperForex]

Today we would take a look at the EUR/USD currency pair. The pair spent most of last week growing, but declined over the weekend.
The situation with the European single currency is more or less the same. The European Central Bank continues with their dovishness and inflation is still far off the target levels which would allow the euro to strengthen.
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[SuperForex]

Now we are seeing on the chart that the pair has developed from the previously reached peaks and is directed downwards. The rise in oil prices helps the Canadian dollar, so the pair confidently approached our Moving Averages and soon may be fixed below the MA (21), indicating a sale.
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[SuperForex]

The rates continue within a downward trend. Since January we have observed an increase in the demand for risky assets. Also, the probability of a successful end to the trade conflict between the US and China grew, and this has the potential to stop the slowdown in the global economy. But until this happens, the trade conflict remains and the perspectives for its completion are not defined. All factors affecting this currency pair are outside of New Zealand and Japan, although the economies of both countries are also important.
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[SuperForex]

If yesterday the euro was still able to win back some of its positions against the pound, then it could not do it against the dollar and the Swiss franc. Unlike the single currency, the US dollar was able to strengthen against the basket of major currencies and the dollar index showed a moderate increase.
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[SuperForex]

US GDP growth slowed down

Yesterday a report on US GDP growth was released, which demonstrated a slowdown in the economy and the growth was only 2.2% against 2.4% of the forecasted. The Donald Trump administration said it was ready to negotiate with China over a long period in order to make the Chinese market more open, as well as to respect intellectual property rights. Negotiations began yesterday in Beijing, and their next round will continue today. Next week, we expect to arrive in Washington Chinese Prime Minister Liu Hye Who will meet with sales representatives and Donald Trump.
Next week, we expect Chinese bonds to be included in reference global indices for the first time, which will make the Chinese market even more open to foreign investment and borrowing.
After yesterday's recession, oil quotes today began to recover and scored more than 1% each against the background of the completion of Iran’s temporary exclusion from US sanctions.