President Trump announced tariffs on steel and aluminum exports, leaving the global markets in shock yesterday.
The markets are still reeling from a hasty announcement yesterday by President Donald Trump that as of next week they will be imposing tariffs on metal imports into the United States. The news is quite controversial and has sparked debates all over the world.
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Today, despite the turmoil last week, the US dollar index stayed above the 90.00 mark.
Data on business activity in the services sector of the United Kingdom will be published today, and the index of business activity in the non-manufacturing sector will also be published in the United States.
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https://superforex.com/analytics/gbp-usd-technical-analysis-050318/?x=FORUMS

A lot of volatility for this pair today amid news from the United States.
For the moment, against the background of Donald Trump's words on external economic policy, the Canadian dollar is losing ground against a basket of major currencies. Also, the recent statements by the Head of the White House about withdrawing from NAFTA greatly weakened the exchange rate of the Canadian currency.
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https://superforex.com/analytics/aud-cad-technical-analysis/?x=FORUMS

The EUR is under pressure due to the results of elections in Italy. Short deals can be effective in the short term based on the price correction.
On the market we can see a situation where almost all major currencies are under the pressure of negative factors. The EUR at the moment again is coming under the influence of political factors. Despite the formation of a coalition in Germany, after lengthy negotiations, which means the preservation of Angela Merkel's position, the EUR fell in price due to the elections in Italy, where populist and right-wing parties significantly strengthened their positions.
More information see here
https://superforex.com/ru/analytics/eur-sgd-fundamental-review-forecast-070318/?x=FORUMS

Today the index of investing for our pair came out, which amounted to 47.9%. It follows that at the moment there are fewer bullish positions than bearish ones. Traders are inclined to sell this instrument.
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We are waiting for a bearish movement.
At the moment our pair is trading at the fairly strong level of 1.39 and cannot overcome this mark. Today we expect a series of macroeconomic data from the US. The dollar index is in the flat and now the average value is 90.00.
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The USD which was under negative political factors can strengthen soon with new statistics. The deals to BUY seem effective at the moment.
Since January the MXN value has stabilized and is changing against the USD in a strictly defined range of 18,507 - 18,993 MXN. On the chart we can see a stable flat trend. The MXN remains under pressure due to the protectionist policies of Donald Trump and the situation in the economy of Mexico, which is not so perfect to positively affect the value of the MXN.
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We expect the formation of a second wave.
Today Switzerland has agreed on the issue of the Swiss interest rate. As expected, they chose to leave it unchanged at the level of -0.75%. In addition, a presentation was made with an assessment of the monetary policy of the National Bank of Switzerland.
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Will oil prices continue to increase this year or would their growth be stalled by the increasing production in the US?
The situation on the oil market has been very dramatic in the last few years. After a prolonged period of record high oil prices, the market crashed due to oversupply in 2015, with major price drops well into 2016. OPEC took steps to contain the crisis by agreeing to cut down their production by 1.8 million barrels per day in order to alleviate the oversupply and allow prices to grow naturally, and were joined in this effort by a few non-OPEC states, such as Russia.
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We are looking for points to enter long positions.
The US dollar rate rose slightly against the background of expectations of an increase in the Fed's interest rate. Investors are waiting for the publication of the Fed's decision on whether the rates will be increased more than three times this year, as previously announced.
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We expect the continuation of the current downtrend.
The data published in China has the strongest impact on the Australian currency right now. Our pair continues to decline for the fourth day in a row.
Statements by the Prime Minister of Canada that Donald Trump looks positively on the NAFTA agreement strengthened the rate of the Canadian currency.
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The FED is likely to change the rate today. So the deals to SELL seem most effective at the moment.
At the moment the US dollar is stable, which is reflected on the value of Gold. The rates consolidated within the flat trend starting from January. At the same time, there are signs of movement of the rates down to the support line, as the demand for safe assets decreased this month. If investors want to invest in the "safe assets", they prefer a strong Japanese yen, as the most promising and stable currency to date.
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More bearishness is expected in this pair, as the yen continues to overtake the weakened dollar.
Today we would take a look at the USD/JPY currency pair. It has been much more volatile over the past few months and since the beginning of 2018 the yen has overtaken the dollar: from near the level of 112 now the USD/JPY is trading around the level of 105, which was last reached in 2016.
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The US plans to hit China hard with new tariffs, which has shocked the global markets once again.
Just weeks after Trump's rather spontaneous announcement that his administration will be imposing tariffs on steel and aluminum imports, a decision that has been a hot topic ever since as many experts and politicians seem to disapprove of, earlier today he announced new tariffs, this time specifically targeting China.
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We have a bearish trend.
On the background of increasing energy prices and the successful negotiations between the United States and Canada, the Canadian dollar continues to strengthen.
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