Superforex Posted April 21, 2017 Author Share Posted April 21, 2017 NZD/JPY: short market review and forecast The NZD/JPY rates is in the frames of rapid downward trend. However, the new Zealand dollar had stopped falling and consolidated in the range 76,0 - 76,76 JPY. Yesterday it's been received important statistics related with 2 currencies. Economic statistics from New Zealand, positively impacted the NZD. The consumer price index grew in 2.2% year on year, exceeding forecasts. It is also the highest annual growth rate since 2011. For the 1st quarter of the year the index grew in 1%, slightly exceeding forecasted 0.8% level. At the moment, that was enough to stabilize the exchange rate of the NZD. In a week, the market expects new data about trade balance of New Zealand that may affect the value of the NZD. On the other hand, the trade balance of Japan, already known, and taking into account seasonal fluctuations, amounted to only 0.17 T, although it was expected that this indicator will be 3 times more, and will be at 0.61. That's disappointed investors, although overall the economy of Japan is at good level. Volume of exports and imports grew, and exceeded predicted forecasted values. This also becomes the main growth factor of the Japanese economy in the future. Investors expect growth by 1% in 2017. At this moment, the oscillators MACD, Stochastics, the RSI are neutral. It should be noted that since April 10, we can see formation of the flat trend, thought at the moment, it is early to say about ending of the downtrend. There're no enough preconditions for that. You should pay attention to the points of entry 76.75 and 76.2 JPY. At the moment, upon medium-term trading, it is recommended to open the short deals on the trend. Read more at https://superforex.com/analytics Quote Link to comment Share on other sites More sharing options...
Superforex Posted April 24, 2017 Author Share Posted April 24, 2017 Profi-STP Account SuperForex has launched a special type of account for those who really want to tap into the full potential of Forex. This type of account is well-known to professional traders as STP-account. The main advantage of this account type is that your trading operations go directly to a liquidity provider by using an FX Bridge that allows you to get more comfortable and better conditions for trading. Important conditions and advantages of the Profi-STP account: Minimum deposit: $20 000 (or its equivalent in EUR) Leverage from 1:1 to 1:200 All trading instruments available Minimum trading lot: 0.2, with a step 0.1 lot Stop out/margin call: 20%/50% Variable spreads, from 20% on basic pairs Unlimited trading using Expert Advisors Please note that this account is not compatible with our Bonus program, i.e. you cannot apply for bonuses with this kind of account. Learn more at https://superforex.com/profi-stp-accounts Quote Link to comment Share on other sites More sharing options...
Superforex Posted April 25, 2017 Author Share Posted April 25, 2017 NZD/USD: Short Review & Analysis Today we would look at the development of the exchange rate between the New Zealand and the American dollars. Previously the pair moved within the 0.6860-6990 frame, but we saw the pair take a bullish turn as it broke above 0.7000 and it even reached the important level of 0.7100. The bullish influence continued in full heat and new heights were reached at the levels of 0.7250-0.7350, which serves as the pair’s sell zone. The NZD/USD then finally returned to a bearish movement and dropped to 0.6960. This proved to be a weak support, as the pair tends to return to the border of the buy zone 0.6860, where we started. After touching this level the pair began climbing back up from 0.6960. As the pair seems to be oscillating between these levels, we have opportunities to both buy and sell it at important intervals. Watch out for the pair dropping and also for it rising to 0.7100. This still provides a lot of resistance and the NZD/USD has struggled to overcome it. If it does success, it will likely go up to 0.7250. At the moment of the publication of this article the pair has retreated to 0.6956 and most indicators agree that this is a strong sell. Read more reviews at https://superforex.com/analytics Quote Link to comment Share on other sites More sharing options...
Superforex Posted April 26, 2017 Author Share Posted April 26, 2017 CAD/JPY: fundamental review and forecast While the Euro has strengthened sharply against the Japanese yen, showing a giant price hike from 116.8 JPY up to 121 JPY based on results of the 1st round of elections in France, while the yen is losing positions against most currencies because it is under the pressure, mainly due to the tense situation on the Korean Peninsula, the canadian dollar failed to take the initiative and the rates CAD/JPY continues in the frames of downward trend. Though it's strengthened a bit yesterday. At the moment, the Canadian dollar is under the pressure of many factors, firstly because of the falling in oil prices. The price for black gold fell again, and fell below the psychological point in $ 50. Forecasts here aren't good for the CAD because the United States continues to increase oil production, and President D. Trump supporting it and trying to make conditions for energy companies easier for developing oil extraction on the continental territory in the U.S. and on the shelf. Also, the canadian dollar decreasing in value because D. Trump continues to demand revision of trade relations with its neighbors and contradictions between Canada and the United States becomes more and more serious. This week is full of important events, and the market will get a lot of macroeconomic statistics, which will affect the rates of CAD/JPY. Today, the market awaits important information about the volume of retail sales in Canada, conference of the President of the United States. Also, tomorrow we'll get the Report of the Bank of Japan about perspectives for Japanese economy, and on Friday we expect data about Canada's GDP, consumer price indices and volume of production in Japan. Therefore, this week, volatility may increase. Probably we can expect for further strengthening of JPY in the frames of current downtrend. The oscillators Stochastics and MACD unanimously indicate the good moment to open the deals to SELL, after the price correction, which occurred yesterday. Read more reviews at https://superforex.com/analytics Quote Link to comment Share on other sites More sharing options...
Superforex Posted April 27, 2017 Author Share Posted April 27, 2017 SuperForex Mobile Applications SuperForex recognizes that in order to be truly successful, sometimes you need to make close calls and think on your feet when you trade. In order to do this, you need to be able to find Forex-related information quickly and make lightning-fast trading decisions. What better way to achieve this than having a set of reliable tools for mobile trading? Now we offer a set of free mobile apps prepared exclusively for SuperForex customers that will allow you to take care of everything from your smartphone or tablet. You can download it via this link https://superforex.com/forex-mobile-app Quote Link to comment Share on other sites More sharing options...
Superforex Posted April 28, 2017 Author Share Posted April 28, 2017 SuperForex Trading Seminar in Selangor On April 22, 2017 SuperForex held a special workshop dedicated to helping our traders from Selangor learn more about how to be successful on the Forex market. This workshop was put together by Mr. Dan Imran, a Forex analyst and official SuperForex representative for the region. Imran is also known as the founder of Sky Nova Ventures, a project that provides training and education for Forex traders and partners in Indonesia. The event was structured around a diverse field of ideas designed to improve the Forex knowledge of traders and lead them toward developing successful strategies for making a profit with SuperForex. This type of gathering, which SuperForex is very interested in conducting regularly, is open to both professional and inexperienced traders alike. In our Selangor gathering there was something useful for everyone. At the event we discussed the most popular trading tools and strategies. We also talked about how to use and benefit from the Local Depositor and SuperForex Money services we offer. Vladimir Syrov, CEO of SuperForex, took part in the event by answering all questions that our customers had in mind. Furthermore, he led a discussion on How to Be a Successful Trader with SuperForex. Thank you to everyone who joined us for the event, we hope you learned a lot of useful tips! Important: Our next such gathering will be held between 9:30 am and 5 pm on May 13 (Saturday) in the Sky Nova Training Center, Bandar Puncak Alam, Selangor. Sign up here: Email: skynovaventures@gmail.com Whatsapp/Phone: +6016-6344660 Telegram: @DanImran Want to organize a similar event in your region? Please contact our Partnership Department with any questions and suggestions. Here is our little photo report: Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 3, 2017 Author Share Posted May 3, 2017 OIL (CL/WTI): middle term review and forecast Oil prices continue weakening but the rates are still in the frames of upward trend which began over a year ago. However, the trend is near the completion, and now on the daily chart, you can see signs of the flat trend formation, as the prices from November 2016, keep in the range of 47 - $ 54 per barrel. Support and resistance lines hadn't been broken for all the time. Uncreasing of the drilling rigs in the United States, 15 consecutive week, continue to adversely affect the price of oil. The price of oil reached a minimum level, which for 6 months has been achieved only 2 times. On the market we can see uncertain situation: on the one hand, OPEC countries are going to continue the agreement “On the reduction of oil production”, and investors believe that it will be done at the next meeting, may 25. On the other hand, the USA abolishes all these efforts with their growth of oil production. Increasing of oil demand will unlikely resolve the issue with the overabundance of oil on the market. Amid this, long-term forecasts of some analysts, in particular experts from Citigroup (NYCE:C) about further increasing the price of oil to $ 65 in the second half of the year, does not seem probable cause oil prices are constantly under the pressure from a number of factors. This week it was the recovery of oil production in Libya, the recession of business activity in China and mentioned before, constant increasing in drilling rigs in the United States. Factors that could unambiguously support the price of oil are not enough, but the situation may change at the end of the month on the results of the OPEC meeting. At this moment, the entry point to the market we can call the levels of 47.4 and 48.2. The most optimal for the moment we can determine the deals to BUY which can be effective to get the profit on the price correction. MACD, RSI, oscillators partially confirm this. It is most likely that after reaching a new minimum level, the price will move up. Soon investors will focus on the next OPEC meeting, and news from countries-participants of the Agreement “On the reduction of oil production”. It can slightly enhance the price of black gold in the short term. Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 4, 2017 Author Share Posted May 4, 2017 SuperForex IB Training Seminar in Jakarta SuperForex recently organized a special training event for our Introducing Broker partners in Jakarta. The main goal of these SuperForex seminars for Introducing Brokers is to show how easy trading on the Forex market can be with the proper training, as well as how to attract new customers and get more profit from their trades. The SuperForex training seminars are designed to be helpful to Introducing Brokers from all levels of proficiency - not only experienced ones, but also beginners. At this particular event we met a lot of Forex newcomers who were also able to gain useful insights. The main topics covered during the seminar dealt with different strategies for building a successful business by using our Local Deposit Facility and marketing approaches that utilize our wide range of promo materials. In addition, the participants in our seminars asked a lot about our SuperForex Money offer and the company support available for offline marketing promotions. The CEO of SuperForex was present to shed light on all of these questions; he also gave a motivational talk on How to Be a Successful IB with SuperForex. We would like to express our thanks to all participants. We would be glad to see you again on our next events in Indonesia and Malaysia. Subscribe to our social media channels and keep up with the latest news! Please do not hesitate to contact our Partnership Department if you have any questions about organizing a similar event in your region. Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 10, 2017 Author Share Posted May 10, 2017 NZD/USD: fundamental review and forecast Situation for the NZD has not changed yet. the rates continue to be in the frames of the downward trend, though it lost its intensity. The dollar continues to strengthen against the NZD, although we can not say that the New Zealand economy is in a bad state. Despite the rising inflation, the country's economy gradually develops and demonstrates growth. However, it does not allow the New Zealand currency to hold against the strong U.S. dollar. Last week, the dollar strengthened amid the positive statistics about unemployment and the results of the FED meeting, which decided to leave interest rate unchanged, but considering sure growth of the US economy, reducing in unemployment, they plan to do it in June if nothing changes. Therefore, the probability of a rate hike is rated as very high. At the moment, the rates of the NZD/USD stabilized in the range of 0.688 - 0,694 USD. We can also say that these levels are also good entry points to the market. Until the next day, volatility will be low because investors are waiting for the meeting of the Federal Reserve Bank of New Zealand (RBNZ) and their decision to change the rate. Now it's 1.75%. Investors don't expect for the rate changes just because the RBNZ in March, said that they don't not plan to change the rate until the 2019. Though continued weakening of the NZD can make them to change their decision because the rate increase would strengthen the NZD. Oscillators are neutral for the moment and in this situation, the best solution is to open the deals on the trend. We can say that also, considering that there're no any real reasons for the trend change and strengthening of the NZD in the near future. Therefore, the deals to SELL can be the most effective now, upon the short and medium-term trading. Read more at https://superforex.com/analytics Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 11, 2017 Author Share Posted May 11, 2017 Seminar for traders in Selangor! You are cordially invited to attend a free event organized by our Introducing Broker in Selangor, Mr. Dan Imran. The event will take place on Saturday, May 13 from 09:30 until 17:00 at the following address: Sky Nova Ventures Training Centre No 13, Jln PPAJ 2/7, Pusat Perdagangan Alam Jaya, Bandar Puncak Alam, Selangor The event will be led by analyst and certified Forex trainer Dan Imran. He is the founder of Sky Nova Ventures, a company that he would like to develop as a training hub for traders. Imran has been active on the Forex market since 2007. He can relate from personal experience to how difficult it might be for beginners to find the right approach to trading. Learning from his own mistakes and gradually expanding his methods of analysis, Imran experimented with new techniques and tested them in his trading. Through trial and error he was finally able to devise a strategy for success - and now he is willing to share it with you! Join us for this seminar and learn the ins and outs of Forex trading. Here is the program for the seminar: 9:30 am - 10.00 am - Registration 10.00 am - 12.30 pm - Module 1 (by Ali) 12.30 pm - 2.00 pm - Lunch break/prayer 2.00 pm - 3.00 pm - Module 1 continued (by Ali) 3.00 pm - 4.30 pm - Module 2 (by Dan Imran) 4.30 pm - 5.00 pm - Closing ceremony Module 1 will cover basic introductory topics such as: 1. What is forex? 2. Forex Platform 3. Forex Order Type 4. Risk Management 5. Forex Psychology Module 2 covers more advanced issues: 1. Analysis using Support & Resistance 2. Analysis using QM level 3. Analysis of buy and sell zones This seminar is absolutely free of charge. All you need to do is reserve a spot and come to gain invaluable knowledge of the Forex market, as well as a free SuperForex t-shirt. You can reserve a place by getting in touch with Mr. Imran: Email: skynovaventures@gmail.com Whatsapp/Phone: +6016-6344660 Telegram: @DanImran Come and join us for a productive day and finally discover the perfect trading strategy to bring you success! Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 12, 2017 Author Share Posted May 12, 2017 AUD/CAD: review and forecast The rates of the AUD/CAD continues in the frames of the upward trend. The canadian dollar remains under the pressure of low oil prices. Volatility for this currency pair remains very high. So, in early may, disappointing statistics about economy of Australia and China, have led to significant falling of the AUD value. During 1 day it has been lost 2 CAD cents. It was influence of the data about the trade balance of Australia. Investors expected the growth of the surplus to 3.4 billion while it was just 3.1 billion; also disappointed the value of the business activity index in the services sector in China. By the end of next week, the volatility in the market can be decreased. The market don't expect any important data until next Friday. Then, the market will receive information about retail sales and consumer prices in Canada, for April. A day earlier, also expect information on employment in Australia in April. It should also be noted that this month will be the summit of the OPEC and volatility will be gradually increasing together with the oil prices. So it can strengthen the CAD because it is expected that on the upcoming summit countries-exporters will extend the agreement about Reduction of the oil extraction. Therefore, oil prices will rise for some time, but countries which didn't join the agreement, mainly the US, unlikely will let oil to rise significantly in price for a long period because if prices increase the USA increasing the volume of oil production, adversely affecting the market. Oscillators are neutral at the moment, but considering perspectives of oil prices growth in the near future, and consequently the strengthening of the Canadian dollar, the optimal solution now is to open the deals to SELL upon medium term trading. Upon the short-term trading, it is also possible to open the deals on the trend. Read more analytic reviews at https://superforex.com/analytics Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 13, 2017 Author Share Posted May 13, 2017 No Deposit Bonus Do you want to give Forex trading a try but are reluctant to make the required financial commitment? The No Deposit Bonus is perfect for our new members who want to test our products and services and start trading without initial investments and free of any risk. For unlimited period of time SuperForex’ new members can benefit from our No Deposit Bonus in the amount of $25 just by opening a real trading account and verifying it. As its name suggests, no initial deposit is required in order to get the bonus. To obtain the No Deposit Bonus customers need to register a live trading account with us and verify it. After verification they need to read the Bonus agreement in the Client’s Cabinet and submit the “Get the No Deposit Bonus” button at the bottom of the page. Our team will review your request and grant the bonus within 48 hours. Read more at https://superforex.com/no-deposit-bonus Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 15, 2017 Author Share Posted May 15, 2017 SuperForex Trading Advantages: Trading instruments - we offer more than 300 currency pairs, 34 contracts of difference (CFDs), futures, and indices. We use MetaTrader 4 - an award-winning platform that is the most popular choice among professional traders. Opening an account is easy: minimum deposits start from just $1! Leverage up to 1:1000 for your multiple increased profit. SuperForex also provides customers with analytics - news, trends, quotes, analyses and other types of information that can aid in trading. Fixed spreads on all accounts. Free access to Pattern Graphix - a plugin that will provide expert guidance in your trading, making it easier than ever. For more details visit https://superforex.com/ Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 16, 2017 Author Share Posted May 16, 2017 Forex Distance Educational course! To help you become better acquainted with Forex trading SuperForex has prepared a special Distance Education Course for you. Over the span of these lectures you would be able to learn key concepts about Forex trading such as pricing and reading quotations, the elements of technical analysis, pattern recognition and interpretation, reading different types of charts, and many more trading essentials. You would be provided with visual and quantitative examples to enhance your learning process. Each lecture also contains a set of sample questions to test your knowledge after completing the reading. The Distance Education Course is entirely free of charge for SuperForex customers! Now it's available on Indonesian Bahasa! Read more at https://education.superforex.com Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 17, 2017 Author Share Posted May 17, 2017 EUR/SGD: review and forecast Strengthening of the Euro, which began since the 1st round of elections in France, continues now. Political risks for the EU has been decreased and future of the EU does not cause serious doubts among investors anymore. Good economic indicators in the Eurozone, allow the Euro to grow, against most of currencies including the SGD. So we can see that on the chart of the EUR/SGD was formed by the rapid upward trend which may continue in the future. The value of the Euro reached the price 1.5455 SGD which is the highest level for the last 12 months.This week, the Euro also strengthened significantly against the USD, reaching the highest for the 6 months level. Obtained data on GDP matched with expectations of investors, as well as recently received data about the consumer price index, so they continue to invest in Euro. At the same time, the Singapore dollar is losing value and can't find an incentive to strengthen. Received today data about Domestic Exports of Non Oil (NODX) in Singapore decreased to - 0.7 % yoy while investors were expecting for 12.4% growth considering that last month NODX volumes increased up to 16.5% yoy It should be noted that fall of exports, has been fixed for the first time in 6 months, so the market took it negatively. New upward trend will probably continue, but in the near future we can expect for price correction. Oscillators MACD, Stochastics, RSI, unanimously indicate a good moment to open the short deals against the trend. Though upon medium-term trading it is better to open the deals on the trend. Read more analytics at https://superforex.com/analytics Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 18, 2017 Author Share Posted May 18, 2017 SuperForex has reached 100 000 clients! Thank you for being part of the SuperForex trading family! Without you all of our hard work would be pointless because customers are the center of any successful business. We have had quite a good run so far and we thought you might want to hear about it. With our ever-expanding fan base, we recently hit an important milestone and now officially have over 100 000 customers. Our 100 000th customer, Mr. Ariwanto gave us a brief interview about his experience with us. He shared that he got into Forex trading about five years ago because he saw its vast potential for profit. Mr. Ariwanto’s favorite trading instrument is the EUR/USD pair. His best advice for other traders is that they should not be too greedy and aim for stable, consistent profits instead of sporadic, big ones. If he ever makes a million dollars from trading with SuperForex, he wishes to start a foundation for helping orphaned children. For being our lucky number 100 000, we have awarded Mr. Ariwanto with an account for management in our company. This account comes preloaded with a substantial deposit and our winner is free to trade from it as he sees fit; all profit is withdrawable. Our client will also get a subscription to our new Forex Copy service which would permit him to copy the trades of our most successful users. Here is Mr. Ariwanto meeting with Mr. Yoga, our official representative in Indonesia, to claim his reward. Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 19, 2017 Author Share Posted May 19, 2017 NZD/JPY: fundamental review and forecast Since the beginning of the year, the rates of the NZD/JPY continued in the frames of the rapid downtrend, however, the situation began to change and the current trend is under threat to change. On the chart has traced the new upward trend. It is too early to speak about the final change, but probability remains high. Both support line and resistance line have been removed. Though if the resistance line shifted in the downward direction, the support line has been reversed up. So, Why the trend has begun to change its direction? In the beginning of the month, the Japanese yen came under the pressure because of geopolitical tensions on the Korean Peninsula. The conflict at any moment could go to the active zone and Japan could be involved in this conflict. So, the yen has lost positions against most currencies. Amid the geopolitical risks for Japan, the new Zealand dollar has been supported by positive data about retail volume which rose in the 1st quarter of 2017 in 1.5% against the forecast of 0.9%. It was the sharpest increase in retail trade since the second quarter of 2016. In addition, the number of tourists in April, continues to grow, increasing by 20% year on year. Strengthening of the NZD also contributes by the rising commodity prices, including oil. Nevertheless, the Japanese yen managed to take the initiative again due to yesterday's data about the Japanese economy. Japan's GDP for the first quarter of 2017 increased by 0.5%, coinciding with the forecasts of investors, and in year on year increasing was 2.2%, against forecasted 1.7%. In addition, second month in a row, orders for machinery have increased, although investors expected more than actual + 1.4% growth. At the moment, the value of NZD consolidated in the range of 76.7 - 77.1 JPY. This levels are good entry points to the market. At the moment, the most optimal can be the deals to BUY, considering that today the market is expecting for the data about the milk price index. It will be published today and can support the NZD in the short term perspective. MACD, RSI oscillators confirm this and also signal a good moment for opening the deals to BUY. As for the medium-term trading, next week we'll get the data about the trade balance and export volumes - both from Japan and New Zealand. So, both currencies can get support and go up in price. Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 22, 2017 Author Share Posted May 22, 2017 Meeting our IBs from Kelantan, Penang, and Perak! SuperForex never ceases to develop new services and beneficial conditions for both clients and partners. Because we have the most sophisticated and attractive Partnership Program on the market, we can boast a great network of Introducing Brokers all around the world. Looking at Malaysia specifically, we have established partnerships with representatives from Kuala Lumpur, Selangor, Penang, Perak, Sabah and Sarawak; we recently acquired a new IB from Kelantan as well. Partners like these are crucial for our work as they are able to provide advice, organize training seminars, and perform certain services on behalf of customers from the region. That is why we are happy with our constantly expanding group of partners in Asia, one of our strongest regions. It is our plan to continue arranging meetings between IBs and our CEO in order to provide full support for our partners. These meetings give our partners a chance to meet with us personally, find answers to all of their questions and learn how to utilize our help in online and offline promotion. We recently also met with our IB in Perak. We have a special offer for clients in that region: if you make a deposit over $100, you will get a free T-shirt from our Introducing Broker in Perak. Thank you for partnering up with us! We promise to be with our partners every step of the way and provide constant support. You can learn more about our Partnership Program here https://superforex.com/partnership-program Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 23, 2017 Author Share Posted May 23, 2017 Trade Mobile with SuperForex The SuperForex Mobile Platform is a unique mobile platform that allows traders to perform trading operations on the financial markets anywhere and anytime by accessing the trading terminal directly from their Android/iOS smartphone or tablet. With our mobile platform it does not matter where you are - you can be at work, at home, on a vacation resort somewhere or stuck in a traffic jam on the way to a party - as long as you are with a smartphone or a tablet connected to the Internet, you will always be able to trade on the Forex market. Learn more at https://superforex.com/superforex-mobile-platform Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 24, 2017 Author Share Posted May 24, 2017 CAD/JPY: fundamental review and forecast The rates of the CAD/JPY for a long time was in the frames of the rapid downward trend, but now the situation can be changed: the trend had lost its intensity and the canadian dollar strengthened against the yen. Perhaps we can see beginning of a new trend. Actually it has been formed and we can see that resistance line has been shifted, and the support line had turned up. However, given that strengthening of the CAD, is mainly based on the increasing of oil prices, which continues to grow amid upcoming summit of OPEC this Friday, crude oil prices may resume a declining for the next few weeks. And this will happen in any case - if OPEC countries extend the agreement On the reduction of oil and in case if not extended. The reason is that extending of the agreement by the OPEC does not solve all questions about the overabundance of oil on the market. The United States and Canada can negate all effect, and higher prices will only motivate for further increasing of oil production. this has been proven in practice. The Japanese yen wasn't able to resist successfully the onslaught of the Canadian dollar due to disappointing data from Japan this week: trade balance of Japan was 0.1 T in April, although investors expected level of 0.25 T, the volume of exports grew by only 7.5% against the expected growth of 7.8% and the volume of imports increased by 15%, which is more than expected but in the future it is a threat to the trade balance of the country. Next week important data that could support JPY is not expected at all. Thus, we can say that in the short term, the CAD will strengthen against many currencies due to the increasing of oil prices. It's happening now - oil prices on Monday achieved a 5 week high and continue to grow, so the deals to Buy will be most effective at this moment upon short term trading. More reviews at https://superforex.com/analytics Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 25, 2017 Author Share Posted May 25, 2017 Don't miss your chance to get $300 from SuperForex! There are millions of people who dream about winning the lottery, especially when there is such a big prize at stake - we give you a chance to try your luck! SuperForex holds a raffle for the prize of $300 every 2 months. The SuperForex Bonus Prize can be used to operate with a larger trading volume, which could earn you much more profit. All that is required for participation in the lottery is a verified account and a balance of $50 for the entire period of the Lottery. Also, you need to confirm your participation by clicking the "Get a lottery ticket" button in the Client's Cabinet. You can spin wheel of fortune in your clients cabinet https://my.superforex.com/login-client Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 26, 2017 Author Share Posted May 26, 2017 XAU/USD (GOLD): Short review and forecast This week prices for Gold continue to grow. The main factor of growth, of course, was the terrorist attack in Manchester, which forced investors to turn to less risky assets. In addition, the growth of prices continued amid the weak dollar and based on the results of the FOMC Committee meeting, where was designated plans of the US Central Bank to reduce the balance before the end of this year. The FED, which had planned a rate increase this year 2 times, began doubt about necessity for further growth of the rate due to weak economic indicators and slowdown of the economy, although the probability of a rate hike in June remains high. Of course it's also impacted the value of GOLD. Political instability in the United States and possibility of beginning a full and protracted political crisis also, contributes the growth. So, there're a lot of factors which say about further increasing of prices. We can say for sure that the upward trend will continue and increase its intensity in the near future. It should be noted that the rates was carried out with high volatility in a wide range, but now the situation changes and the upward trend is more stable, which is clearly seen on the chart. Thus, we can say that at the moment, the deals to BUY are more effective. Oscillator MACD confirms this. Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 30, 2017 Author Share Posted May 30, 2017 Special event for traders and partners in Singapore! On Saturday, May 27 SuperForex organized a special event for traders and partners in Singapore, the financial capital of Asia. This exclusive gathering was hosted by Mr. Edward Khoo, the founder of LS Capital Pte Ltd, a company that specializes in developing and selling highly profitable Forex trading Expert Advisors (automated trading robots). Khoo is an experienced trader and analyst who was able to put his many years of practice to good work by developing some of the most successful expert advisors out there in the market. The seminar was attended by over 40 people who had the opportunity to learn new tips and tricks about Forex trading. Edward Khoo and Simon Leung led fascinating discussions on Expert Advisor concept designs for the Golden Unicorn EA where they explained and demonstrated its effectiveness. In the afternoon the group was also joined by the SuperForex CEO who shed light on the basics of trading with SuperForex - our wide range of account options, comprehensive partnership program, as well as bonuses and special offers such as the SuperForex Lucky Draw. We would like to thank everyone who joined us for this productive seminar! We hope you enjoyed our event and brought lots of new useful ideas home with you. Keep an eye out for news about similar events we plan to organize in the future. If you are a partner or consider becoming one, don’t hesitate to get in touch with our Partnership Department and share your ideas for Forex-related gatherings in your region, we’d be glad to help! Quote Link to comment Share on other sites More sharing options...
Superforex Posted May 31, 2017 Author Share Posted May 31, 2017 OIL (CL/WTI): middle term review and forecast Oil prices are gradually decreasing. Extension of the Pact on "Reducing of oil extraction" does not change the situation, as it was expected. OPEC's attempt to impact the market with the help of this agreement will be doomed, amid news about increasing of drilling activity in the USA, 19th week in a row, and increasing of oil production in Libya which haven't joint the agreement on "Reducing of oil extraction". At the same time, in order for achieving the balance on the market and oil prices growth, it is necessary to reduce oil extraction by all countries-manufacturers but this does not happen, and the reserves of crude oil on the market are close to record levels. Thus, the supply continues to exceed demand on the market. Despite the dominant number of negative signals on the market, the rates of oil continues in the frames of the upward trend, though it is solely by inertia, and it's not based on objective factors. There're no perspectives for further growth at the moment. Most likely, in the near future, the upward trend will be changed to the flat trend which has already been formed. Lines of support and resistance can be fixed at the levels of 44.5 and $ 54 a barrel mark CL/WTI. Oscillators are neutral at the moment. Today investors are waiting for the data about oil stocks from the American petroleum Institute. Investors expect a reduction of oil reserves that may support oil prices a bit. Therefore, upon short-term trading, you can open the deals to BUY. But upon medium-term trading, the deals to SELL can be more effective. More reviews at https://superforex.com/analytics Quote Link to comment Share on other sites More sharing options...
Superforex Posted June 1, 2017 Author Share Posted June 1, 2017 No Spread Accounts by SuperForex This new version of a live trading account is open to both new and existing customers. Using the No Spread account, unlike the standard one, gives you the unique advantage to trade without paying any spreads on the deals you open, regardless of the trading instruments used. Have you ever wondered why often you’re already losing money immediately after opening a new position? This is because a spread fee has been charged to your account due to the difference between bid and ask prices. The No Spread account would allow you to avoid that. Quote Link to comment Share on other sites More sharing options...
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