Is There Hope for Brexit?
May's attempts to get a better deal from the EU have failed.
At the risk of repeating ourselves, we have to acknowledge that Brexit continues to be a topic that dominates both our news feeds, and the financial markets in general, as analysts try to anticipate what would happen after the March 29 deadline with Europe, the United Kingdom, and the British pound, among other things.
More information see here
EUR/USD Technical Analysis & Daily Chart
We should sell the pair today, as it is headed even lower.
Today we would take a look at the EUR/USD currency pair. The pair continues to rapidly fluctuate but remains overall lower.
Things continue to look bad for the European single currency. Last week we got to hear from the European Central Bank, whose expectations about the economy are somewhat pessimistic.
More information see here
https://superforex.com/additionalimages/17-12-2018/eur-usd-technical-analysis-daily-chart-171218-0.png
EUR/USD Technical Analysis
The pair is trading in a corridor.
At the moment on our chart we see that our pair continues to be in the corridor 1.1270-1.1440.
Despite the expectation of the Fed raising interest rates tomorrow, the pair is showing growth. Even the current data from Germany could not deploy a pair.
More information see here
https://superforex.com/additionalimages/18-12-2018/eur-usd-technical-analysis-181218-0.jpg
Europe Prepares for Brexit
A no-deal Brexit seems more and more likely by the day.
In the United Kingdom Prime Minister Theresa May continues to try to convince enough members of Parliament to support her deal with the European Union, as there won’t be another one offered.
More information see here
What to Expect from the Fed in 2019
A new rate hike was just implemented, but what lies ahead?
Since the financial crisis of 2008, the Federal Reserve has taken a very careful approach to regulating the American economy. A few years ago they saw signs that the United States are improving, shaking off the damage done by the crisis, and so the Fed began to gradually increase interest rates in accordance with inflation growth.
More information see here
OIL (CL/WTI): Fundamental Review and Forecast
Oil is still in search of the price minimum of the year. Amid negative sentiments on the market, it is unlikely that prices will be restored quickly. However, in the long term the deals to BUY seem the most effective.
The rapid downward trend formed in October 2018 continues. A few months ago almost nobody assumed a drop in prices below $50, but this psychological mark was successfully overcome after a month of testing.
More information see here
https://superforex.com/additionalimages/26-12-2018/oil-cl-wti-fundamental-review-and-forecast-0.png
AUD / USD Technical analysis
The pair seeks to refresh lows
In the last trading days of this year, we observe that the fall of the dollar has stopped as well as the fall in oil prices.
The weakening of the reserve currency pushed the pair up, and the decline in oil prices supported the downward movement. We observed a delicate balance in this confrontation.
More information see here
https://superforex.com/additionalimages/27-12-2018/aud-usd-technical-analysis-1369-0.jpg
Yen Surges after Market Scare
Apple shares dropped massively, sending investors scrambling.
Last night the Japanese yen experienced a flash crash, whereby it rose in price dramatically in a very short period of time. The rapid increase was due to international traders suddenly trying to buy the yen as a safety asset after news from Apple Inc. that their profits shrank in December much more than anticipated.
More information see here
EUR/USD Technical Analysis
The dollar weakens.
Among the significant events of today, we expect the release of data regarding the US labor market. The data currently released from the EU did not show the best performance.
Despite this, the momentum of the pair received an upward boost and at the moment it has overcome the level of 1.1440.
More information see here
https://superforex.com/additionalimages/13-09-2018/eur-usd-technical-analysis-080119-0.jpg