EUR/SGD: Review and Forecast
A month and a half ago an upward trend was formed, though it can be completed soon. For about two weeks the rates have been in the flat range of 1.5863-1.5974 SGD. Both currencies cannot find enough incentives for growth.
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GBP/USD Technical Analysis
The pair is about to turn.
Today we expect Jerome Powell's speech during which there will likely be a strengthening in the reserve currency. Data released today on the labor market in the UK was worse than expected.
More information see here
https://superforex.com/additionalimages/17-07-2018/gbp-usd-technical-analysis-170718-0.jpg
USD/SEK: Short Review and Forecast
The USD has good perspectives for further growth. The deals to BUY seem the most effective in the medium term.
The rates continue within the upward trend. It has recovered to the level of the beginning of 2017, in a high volatility mode. Over the past 15 months the value of USD has changed from 8.37 to 9.02 SEK. At the moment we can see a slowdown in the economic growth of the EU amid a soft monetary policy.
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https://superforex.com/additionalimages/18-07-2018/usd-sek-short-review-and-forecast-0.png
EUR/USD Technical Analysis
The pair is headed down.
Today we expect the release of the manufacturing activity index from the Federal Reserve Bank. It is expected that it will be at the level of 21.6, rising from the level of 19.9. At the time of release we can expect an acceleration in the markets.
More information see here
https://superforex.com/additionalimages/19-07-2018/eur-usd-technical-analysis-190718-0.jpg
EUR/USD Technical Analysis & Daily Chart
We can buy the pair today.
Today we would take a look at the EUR/USD currency pair. The pair has experienced quite a few ups and downs lately and currently appears to be on the rise.
More information see here
https://superforex.com/additionalimages/23-07-2018/eur-usd-technical-analysis-daily-chart-230718-0.png
EUR/USD Technical Analysis
The pair will go down.
Our pair was reflected from the level of 1.1745 and headed down. The recently published indices from the EU do not provide specific conclusions and are multidirectional.
More information see here
https://superforex.com/additionalimages/24-07-2018/eur-usd-technical-analysis-240718-0.jpg
USD/CAD Technical Analysis
The pair overcame the level of support.
As of now, the dollar rally has been broken and the winning streak paused after reaching a one-year high. Data released yesterday in the US on the housing market was worse than expected and helped the pair overcome the level of 1.3115 and entrenched under it.
More information see here
https://superforex.com/additionalimages/26-07-2018/usd-cad-technical-analysis-260718-0.jpg
Trump & Juncker Reach an Agreement
For now the biggest risk factor regarding Europe has been averted.
A couple of weeks ago we wrote about a somewhat neglected side of the trade war discussion: the relationship between the United States and Europe. In a recent interview US President Donald Trump went as far as to call the European Union “a foe” of the United States due to the trade deficit with the bloc.
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EUR/USD Technical Analysis & Daily Chart
The pair will be volatile today.
Today we would take a look at the EUR/USD currency pair. The pair continues to oscillate without certainty in a narrow corridor between 1.1726 and 1.1630.
Today the euro will likely be under the influence of economic reports from Germany, the EU’s strongest economy. The key reports to look forward to with high importance are the yearly and monthly CPI, as well as unemployment reports: these are the two most important factors to measure inflation in Germany, and thus have an impact on inflation throughout the eurozone as a whole.
More information see here
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