Thread: SuperForex - Company News

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.

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/additionalimages/18-09-2018/eur-usd-technical-analysis-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.
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https://superforex.com/additionalimages/19-09-2018/oil-cl-wti-short-review-forecast-190918-0.png

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.
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https://superforex.com/additionalimages/20-09-2018/gbp-usd-technical-analysis-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.
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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.
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https://superforex.com/additionalimages/24-09-2018/724ec19d-6a8b-4ac3-b84a-5e4681eb8927.png

The Fed hiked rates again, but what's in store for the future?
This week the Federal Reserve met investors’ expectations completely by implementing another increase in interest rates by .25 basis points, bringing the rate in the United States up to 2.25%.
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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.
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https://superforex.com/additionalimages/01-10-2018/eur-usd-technical-analysis-daily-chart-011018-0.png

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.
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https://superforex.com/additionalimages/02-10-2018/gbp-usd-technical-analysis-021018-0.jpg