Thread: SuperForex - Company News

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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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The pair found a resistance level.
Despite the opening of yesterday's trading session in favor of the dollar, the euro is trying to win back its positions and at the moment our pair is showing a positive trend. After the decline to the level of 1.1550, the pair went up and turned around from the mark of 1.1610 which happened to be the resistance level.
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https://superforex.com/additionalimages/16-10-2018/eur-usd-technical-analysis-161018-0.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.
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