Super Forex company news

[Super Forex]

 

60% Energy bonus

Recharge your account with our 60% Energy bonus

 

Every time you make a deposit to your account you will receive a 60% bonus, regardless of the amount of the deposit.

To obtain the 60% Energy Bonus customers need to register a live trading account with us and submit the “Get the 60% Energy Bonus” button from the Clients Cabinet.

 

You can learn more on our website. https://superforex.com/energy-bonus

[Super Forex]

 

Oil Prices Recovering

Analysts feel that for the first time in two years oil prices are on their way to recovery.

Last week the prices of oil (and other commodities) suffered somewhat due to a strengthening of the American dollar caused by last week’s Federal Reserve policy meeting. However, despite the noticeable decrease, the price of oil still didn’t fall to dangerous levels and remained relatively stable.

Now analysts are saying that the oil market is heading towards a stabilization, and is perhaps approaching the resolution of the oil crisis of the past two years. This year OPEC as well as non-members who are oil exporters such as Russia have managed to cut down their production dramatically, which helped alleviate the oversupply on the market for crude oil. As a result, the price of oil went up by 15% in recent months.

American crude oil is currently at around $50.51, while London brent crude oil is trading around the $56 mark. It’s worth noting that oil extraction in the United States was previously affected by a series of natural disasters that hit the North American coastlines.

[Super Forex]

 

EUR/SGD: Fundamental Review & Forecast

 

The results from the elections in Germany negatively impacted the EUR, though it still has a potential for stabilizing.

Starting from Monday, September 25 the euro came under pressure due to the election results in Germany. The ruling party together with Angela Merkel won the election, but with the lowest result since 1949. They are not able to form a coalition easily, as it happened at previous elections. However, other parties also cannot form a coalition themselves, which is why nobody doubts that Angela Merkel will again be Chancellor. Nevertheless, it is expected that negotiations on creating a coalition will be difficult because the former coalition partners do not want to continue their cooperation. In any case, the opposition will be stronger than ever, so investors prefer at the moment to invest in other assets.

On the other hand, the Singaporean dollar has been supported this week due to the recent data about the volume of manufacturing production in August, which exceeded the forecasts of investors both in annual and monthly terms, although the growth has been less rapid than in the previous month and amounted to +19.1% against the expected 14.2% YoY.

On the EUR/SGD chart we can see the formation of a weak downward trend which forms after a steady flat period. The support line shifts down, but now we have also a high probability of a price correction. After the market reacted to the elections in Germany and took into account the probability of political uncertainty in Germany, the euro still has a potential for stabilizing in price and strengthening. Market volatility will be lower next week, after an intense news period. In the near future we can expect data about the business activity index (PMI) from Singapore and about the volume of retail sales in the EU.

In this situation the most optimal course of action would be the deals to BUY in short-term trading, which is confirmed by the MACD oscillator. Nevertheless, the probability of the continuation of the new downtrend in favor of the SGD is preserved in the medium term.

[Super Forex]

 

Charity in Thailand

This week SuperForex held a special event in Lat Krabang - one of the districts of Thailand’s capital, Bangkok. As a modern company, we appreciate the importance of Corporate Social Responsibility and aim to help people in need. Thus we have chosen the Camillian Home to support needy Thai children.

 

Camillian Home is a registered non-profit children’s charity. It is one of the few facilities in Thailand dedicated to caring for these children in a family atmosphere, and it aims to serve as a model in caring for vulnerable children with special needs. They work with children who are living with disabilities, some of whom have been orphaned or abandoned, and some of whom are also living with HIV/AIDS.

 

For such a mission we asked Jiranan Suebnuch, our representative in Thailand, to help us make those children and employees happy. She kindly agreed to help us with this initiative. Together we bought all the things Camillian Home has in its suggested items for donation.

 

Pleasant people from Camillian home told they will make use of all those products and young Thai children, for whom the whole event was devoted, seemed happy and spent a good time with representatives of SuperForex company.

 

If you have any ideas on how to help more people that really need it - feel free to contact us. We are sure that acting in socially responsible way is an essential part of modern companies’ working.

http://www.imghost.in/img/2017-09/27/wdlx9x4024ax0bzkmosow1rp1.jpg

[Super Forex]

SuperForex Seminar in Kuala Lumpur

Less time is left until our event in Kuala Lumpur takes place! Our notable speakers have taken great care in preparing talks which will suit all guests, no matter whether you are a professional trader or if you just heard about the Forex market last week.

 

We have prepared an exciting program for this event and now are ready to reveal some information about the topics you will be able to hear and learn about. These include:

 

· Forex Market Outlook

· Money Management

· Market Manipulation

· Partnership with SuperForex

· Fundamental and Technical Analysis

· Actual Support & Actual Resistance

 

And, of course, much more!

 

October 28, 12:00 - 17:00 – that is the time to gain insight about the way millions of people around the world make money, and to improve your knowledge of trading overall.

 

https://youtu.be/0UprcUbgdC4

 

[Super Forex]

 

Trump`s tax reform

 

How does this new suggested legislation affect the US economy?

This week we chose to return our discussion to the political situation in the United States where we have another major news story: the new tax plan proposed by President Trump’s administration. This story is significant particularly because this is barely the second major piece of legislation that Trump’s office has produced. The first one was the now infamous health care bill which died a slow death in Congress, repeatedly. The failure of the administration then drove investors to doubt the stability of Trump’s mandate, which was a major contributor to the record lows of the American dollar registered up until last week. Can this new bill on taxes have the same impact? Let’s see!

First off, we need to acknowledge how important tax policy was to Trump’s presidential campaign. He had a few key issues that were the highlights of his rhetoric: immigration, repeal Obamacare, and a better tax policy, among a few that stand out the most. His attempts to curb immigration through travel bans have been met with major disapproval, his plans to repeal or replace Obamacare have failed, and now his proposal on tax policy is met with a lot of doubt before it’s even fully-defined. Trump’s previous failures managed to shake the dollar, so it is reasonable to argue that if his tax bill is a fiasco, he might hurt the American currency again.

The plan that Trump’s administration announced on Wednesday can hardly be called anything, according to experts. It contains vague outlines of the administration’s goals while it lacks clear explanations of how they propose to achieve them. The actual work on making this plan more meaningful still lies ahead and may take months, according to CNN. What we know for certain is that the plan will decrease the top income tax from 39.6 to 35%, giving a major advantage to the richest Americans. The proposal would suggests an increase of the ratio of income that is exempt from taxes, which would mean a lower tax for every individual. While this sounds great for people’s personal incomes, it would make a major dent in the budget of the United States, due to trillions of dollars of potential tax revenue not being collected.

Trump’s tax plan doesn’t provide any guidance on how the budget shortage will be compensated under such a policy. It also doesn’t prove that this new tax system won’t place a greater burden on the middle class, which Trump has stated he wants to protect. It very clearly benefits the rich, while it’s murky (at best) in terms of all other income groups in the United States.

The plan also suggests a simplification of the tax system by collapsing the current seven-step policy (where seven different income groups are taxed a different percentage, between 10% and 39.6% for the poorest and richest incomes, respectively). The new system would have just three groups: 12%, 25%, and 35%, but the income brackets for each tax rate are still unknown. It’s also interesting that some corporate taxes are proposed for the 25% rate instead of the 35%, which may cause a lot of tax fraud.

Considering how much information is missing from the proposal, it’s still very difficult to dissect it. However, Republicans themselves do not agree on many of these issues, not to mention that Democrats are not likely to support anything that cuts the taxes of the wealthy, so this piece of legislation is likely to have trouble passing through Congress – if it is ever completed.

Right now there might not be too much to this story as we still need to hear more concrete points about the tax bill. However, it’s worth it to stay tuned and watch out for further instability within the United States. They are already in the spotlight due to tensions with North Korea – any internal disorder would only worsen their economic climate and weaken the dollar.

[Super Forex]

Currency Converter

 

For your ultimate convenience we have implemented a new kind of calculator that allows you to instantly convert various sums from one currency into another. Simply select the two currencies you wish to exchange and the amount of the base currency. Our calculator receives a live feed of quote updates, so the calculations are always based on the most current exchange rate. You can also preview currency pair history and compare prices on this page. https://superforex.com/currency-converter

 

[Super Forex]

SuperForex at ShowFX Conference in Singapore

We would like to cordially invite you to join us for a productive day of learning and networking at the annual ShowFX Forex conference which will be held on October 21 in Singapore, the finance hub of East Asia. The ShowFX Conference in Singapore aims to increase the professionalism of traders and unite in one place all members of the Forex community: brokers, trading experts, and, of course, traders.

Don't miss the chance to discuss trading with SuperForex analysts and become a SuperForex Trader, or to speak about our partnership conditions with our Business Development team.

If you want to become a participant of the conference, please indicate your desire by contacting our support team in any way convenient for you.

Our website: https://superforex.com

 

You’ll also have the unique chance to participate in a lottery and win up to $500. Other amazing offers are also awaiting you in Singapore. We'll be glad to answer all your questions. See you there!

 

https://youtu.be/TSrm_VTmFK0

 

[Super Forex]

 

USD/MXN: Short Review & Forecast

 

The USD has strengthened against most currencies based on positive economic news and increased probability for a new rate hike this year.

The U.S. dollar strengthened against most currencies this week. At the same time, the tragic event in Las Vegas wasn't noticed by investors amid positive economic news, which increases the probability of a rate hike in the United States. FED Chairman Janet Yellen also said that the Central Bank is not going to refuse one more rate hike which was scheduled this year. In addition, the dollar received support from the tax reform which was promised personally by Donald Trump. Also, the USD has been supported given the probability of a change of the head of the Federal Reserve. Analysts forecast that Kevin Warsh will be chosen as new FED Head. It's known that he is a supporter of a strong dollar and tight monetary policy. Consequently, there are perspectives for further strengthening of the dollar.

 

Data about the Mexican economy also pleased investors this week. The business activity index amounted to 52.8 points in September, surpassing investors' expectations. This is a record level in recent years, but the decision of the Central Bank of Mexico to keep the rate at the same level didn't support significantly the MXN compared to the strong dollar. So, the rates continue in the frames of a downward trend, although the resistance line has been gradually shifting upwards for the last several months, indicating a weakening of the current trend. However, at the moment the most optimal would be the deals on the trend, which is confirmed unanimously by the MACD and Stochastics oscillators.

[Super Forex]

SuperForex Seminar in Kuala Lumpur

 

Less time is left until our event in Kuala Lumpur takes place! Our notable speakers have taken great care in preparing talks which will suit all guests, no matter whether you are a professional trader or if you just heard about the Forex market last week.

 

We have prepared an exciting program for this event and now are ready to reveal some information about the topics you will be able to hear and learn about. These include:

 

· Forex Market Outlook

· Money Management

· Market Manipulation

· Partnership with SuperForex

· Fundamental and Technical Analysis

· Actual Support & Actual Resistance

 

And, of course, much more!

 

October 28, 12:00 - 17:00 – that is the time to gain insight about the way millions of people around the world make money, and to improve your knowledge of trading overall.

 

https://youtu.be/0UprcUbgdC4

 

[Super Forex]

 

Catalonia: Spanish or Independent?

Last week's referendum has brought new tensions to Europe.

The European markets shook this week, as last weekend Catalonia, an autonomous area comprising four provinces in northeastern Spain, held a referendum and voted in support of its independence from Spain. This week we would take a look at what happened and also where that leaves us now.

To begin with, the political status of Catalonia has long been a pressing concern on the Iberian peninsula. The region has long claimed it is a distinct nation, owing to historical evidence that up to the 16th century, it used to be separate from Spain. In modern history, Catalonia has fought for its independence all throughout the 20th century: it first received a status as an autonomous region within Spain in 1932, which was taken away during Franco’s rule. The autonomous status of Catalonia was restored in the 1970s when Spain returned to democratic rule. Catalans are allowed to speak their own language and have their own government, though officially it is subordinate to the Spanish government.

Over the last few years tensions regarding Catalan nationality have risen, culminating in last week’s referendum. Spain is naturally opposed to losing land and people which have been part of its territory over the last five centuries. Catalonia also happens to be a fairly rich territory. In general, if Catalonia declares independence, this would be perceived by Spanish authorities as an attempt to disrupt Spain’s territorial integrity and could even lead to (civil) war.

Is Catalonia independent? Right now, no. The referendum’s goal was to assess whether the Catalan population wants to be independent from Spain. They voted 90% in favor, but it is up to the Catalan government to decide whether to act on this vote or not. The referendum itself caused violent clashes with the Spanish police, so the Catalan authorities might bide their time, working out a way to avoid future conflict. The Catalan president Carles Puigdemont has spoken about involving international diplomats to help hold peaceful negotiations.

Naturally, the seriousness of this situation has caused ripples through the financial markets. Spanish stocks lost 2.7% this week, while banks that are based in Barcelona (the capital of Catalonia) were a whole 7% down. Spanish bonds have also decreased.

So, what happens now? Some analysts believe that Catalonia is not fully prepared for independence, in terms of its political organs and readiness for policy making. The region has relied on Spain, and by extension, the European Union for many of its day-to-day activities, so severing that relationship will be hard. If Catalonia declared independence without Spain’s approval, it would find itself in a tight spot. Spain’s economy will also suffer immensely, and future clashes and protests will hinder business activity. Investors could give up on Spanish assets altogether, which could plunge the government into a recession.

It is more likely that there will be a negotiation, which could win Catalonia additional levels of control over its activities, but would still not be a complete independence from Spain.

Because of the current protests and blocked roads, it has been impossible for some businesses to operate as usual. If things continue to be so chaotic and uncertain, Spain’s economic growth would stall.

Right now all eyes are on the Iberian Peninsula. If the King of Spain agrees to meet for peaceful negotiations, the pressure would ease off Spanish assets. However, if Catalonia moves ahead and declares independence, we could see a new crisis in Spain, and consequently Europe.

 

[Super Forex]

 

Bitcoin Trading

 

SuperForex has introduced a new trading instrument for its customers – Bitcoin, the digital currency that continues to become more and popular globally. Bitcoin (XBT) is the most popular digital currency in the world, the first release of which took place in 2009.

Now you can trade Bitcoin against the US Dollar 24/7 via MetaTrader 4 – the trading platform we, at SuperForex, prefer.

 

Benefits of trading with Bitcoin:

 

Decentralization

Easy to use

Anonymity

Commission is negligible

High translation speed

 

Start trading Bitcoin with us and take advantage of our bonus program and special offers designed for our newest members. Read more: https://superforex.com/bitcoin

[Super Forex]

120 Hot Bonus

 

Earn more with the 120% Hot Bonus by SuperForex!

If you are an active trader on the Forex market and you are looking for additional sources of income, this offer will be right you. SuperForex has developed a unique offer for its customers. Every time you fund your trading account, you get the incredible opportunity to receive 120% bonus funds in your trading account.

In order to activate this bonus you just need to register a real trading account, then apply for the bonus and make a deposit.

For more details click here https://superforex.com/hot-bonus

 

[Super Forex]

 

XAU/USD: Short Review & Forecast

The strong USD and the high probability of a rate hike this year put pressure on the GOLD. However, the geopolitical situation can change everything.

The situation on the market changed last month and the upward trend turned into a downward one. Until September the dollar had been under pressure due to geopolitical conflicts, the failure of Donald Trump's reforms and weak economic statistics. Consequently, a further increasing of the interest rate this year was doubtful for investors. All these negative factors followed one by one and put pressure on the dollar. Therefore, investors chose safer assets. This led to the Gold rising in price since the beginning of the year.

This week the dollar came under pressure again due to geopolitical risks because North Korea has announced new tests of ballistic missiles which are capable of reaching U.S. territory. However, the dollar has kept at a good level due to the strong economic statistics. The latest data on the labor market showed a decrease in the unemployment rate to 4.2% - the lowest level since 2001. In addition, the average hourly earnings have grown by 2.9%, which increases the probability of rising inflation. Therefore, a rate hike in the US in December is now expected by investors with a probability of 90%.

The resistance line of the trend is under the threat of moving up due to all of the geopolitical risks, but at the moment the most optimal course would be the short deals in the short-term, which is also confirmed by the MACD oscillator.

[Super Forex]

SuperForex Seminar in Kuala Lumpur

Less time is left until our event in Kuala Lumpur takes place! Our notable speakers have taken great care in preparing talks which will suit all guests, no matter whether you are a professional trader or if you just heard about the Forex market last week.

 

We have prepared an exciting program for this event and now are ready to reveal some information about the topics you will be able to hear and learn about. These include:

 

· Forex Market Outlook

· Money Management

· Market Manipulation

· Partnership with SuperForex

· Fundamental and Technical Analysis

· Actual Support & Actual Resistance

 

And, of course, much more!

 

October 28, 12:00 - 17:00 – that is the time to gain insight about the way millions of people around the world make money, and to improve your knowledge of trading overall.

 

https://youtu.be/0UprcUbgdC4

 

[Super Forex]

Recent Developments with Oil

 

The latest events in the US, OPEC, and China have helped stabilize the oil market, but where is it really going?

To anyone interested in the financial markets it is hardly a secret that crude oil has been really far away from its usual glamour over the past few years. What started off as competition between the OPEC states (chiefly led by Saudi Arabia) and the United States exacerbated and led to a dramatically oversupplied oil market, bringing prices down to record lows. Now, more than two years later, is oil finally recovering?

First off, if we look to the United States, generally speaking, they have consistently increased their oil extraction activities. Thanks to shale oil, the US is able to extract oil in a cost-effective manner that allows them to make a profit even at low oil prices. This is why throughout the oil crisis the United States remained undeterred and kept up with their schedule as if nothing out of the ordinary is going on. Towards the end of this summer, however, the US was forced to put some of its activities on hold due to a series of natural disasters along its coastlines, which caused huge damages and disrupted the work of oil extraction facilities. This allowed the markets to ease off somewhat, but there was no reason to assume that the United States would decrease their oil production anytime soon.

On the other hand, last year OPEC member states managed to agree to start cutting their oil production in order to fight the oversupply on the market. With an unbelievably committed compliance with the agreement of up to 90% OPEC managed to decrease their exports and gradually bring oil prices up past the psychological level of $50 per barrel. They were also helped by non-OPEC countries like Russia who willingly joined the reduction effort in order to stabilize the oil market. Investors perked up recently amid news both from OPEC and Russia that everyone is willing to continue with this approach into 2018 in an attempt to restore the market to how it used to be.

Nevertheless, yesterday data on the US oil reserves was released which showed a decline in the number of barrels available. This allowed oil prices to climb up to $51.01 (WTI) and $56.58 (Brent).

In addition, China entered into play again. At the beginning of the oil crisis, China (the biggest oil importer in the world) was quite important – due to its slowing economic growth, it simply didn’t demand as much oil as before, so it left the market oversupplied. Now China has started buying oil again, though according to reports, it is not consumer demand, but rather to fill its security reserves. Still, this helped ease the market further.

Another important factor for the oil market right now is the Iran deal. It has to be renewed every 90 days and it’s widely expected that Donald Trump would not renew it this week. If he does not renew it, US Congress has two more months to decide on sanctions for Iran, which could block some of the oil supply coming from there. If this happens, supply will decrease and oil prices will move up.

According to the International Energy Agency, 2018 would generally shape to be a balanced year for oil. They report steady increases in demand, which would lead to a healthier oil market, provided the current production levels are met. However, this means that OPEC would need to extend its agreement on production cuts past March 2018, when it is set to expire. If a new agreement is reached and we do not see massive natural disasters, then next year we could finally see the oil market recover.

 

[Super Forex]

 

USD/SEK: Review & Forecast

 

There is no news from Sweden, so the USD/SEK rate is depending on the situation in the USA. Investors are focused on news about choosing a new FED Head.

Over the last month the situation for the USD/SEK currency pair has not changed. The rates continue in the frames of a downward trend with signs of consolidation. The range of the consolidation phase at the moment is 8.0249-8.1862 SEK.

This week the rates were under the influence of the situation in the United States. The U.S. dollar strengthened against most currencies amid the unstable political situation in the EU. Investors are focusing on the appointment of a new head of the Federal Reserve. This week it was reported that Donald Trump would like to see a supporter of tight monetary policy fill the position of Fed Head. On Monday he met with one of the candidates for the post, John Taylor, who was in favor of active interest rate increase and the achievement of a level three times the current one. Donald Trump was pleased with the meeting, but at the moment it is unknown who will finally be chosen in February 2018. Investors are expecting Trump's decision by November 3.

In any case, the current head of the Federal Reserve, Janet Yellen, also expressed there is a high probability of a rate hike despite the low inflation indicator. She said that the U.S. economy is currently strong enough and the good situation on the labour market allows for an increase in the interest rate in the near future.

The Stochastics oscillator signals reaching the overbought zone and the probability of a price correction in the near future, which allows us to make a profit with short deals. Nevertheless, it should be noted that the USD has the potential for further strengthening in the medium term perspectives. Therefore, pay attention to the point of entry 8.1862 SEK, which may indicate not only the completion of the consolidation phase, but also the trend reversal in favor of USD. On the other hand, the achievement of the level 8.0249 SEK confirms the continuation of the current downtrend.

Edited October 18, 2017 by Super Forex

[Super Forex]

 

No Deposit Bonus

Our No Deposit Bonus is a free offer that grants you some bonus funds to be used in Forex trading, without having to make any deposits in advance. Any person can get it, as long as they meet the requirements stated in the bonus agreement. You will get $25 to trade with - and you don’t need to deposit even a cent! Either way, it is one of the most generous offers that SuperForex can provide to our customers. As such, we want to provide our clients with the opportunity to try as many ways to trade as possible.

 

Note that the bonus money can be spent to open deals but can’t be withdrawn. However, the profit that you earn from trading is rightfully yours and you’re welcome to withdraw it.

 

Learn more at https://superforex.com/no-deposit-bonus

[Super Forex]

 

NZD/USD: Fundamental Review & Forecast

Speculations around the Federal Reserve and positive statistics support the USD. The NZD continues to fall.

The rates continue in the frames of a downtrend. The New Zealand dollar still cannot find enough incentives for strengthening and a trend reversal in its favor. The situation may change if the RBNZ makes a decision to raise interest rates at their next meeting which will be held on November 8. There are reasons for the increase, such as inflation growth in Q3 to 1.9%, which not only exceeds the expectations of investors, but also exceeds the forecast of the RBNZ. Given that at the moment the interest rate is at a historic minimum and has not changed for a long time, the RBNZ may revise the rate at their next meeting, although it had previously planned to do that in 2019.

 

This week the rates were influenced by speculations about who would be the new head of the Federal Reserve. Initially, it was predicted that Donald Trump wants to choose a supporter of tight monetary policy, but the latest information on the market is that the biggest chances are currently for a supporter of less “hawkish” policy, Jerome Powell. The U.S economic statistics were positive enough: the manufacturing PMI for the state of New York in October jumped to 30.2 points. The index of business activity from Philadelphia's FED also unexpectedly increased in September. There was also positive data on the labor market. All of this has led to the dollar's strengthening against the NZD.

After the publication of the recent data about inflation in New Zealand, the NZD managed to strengthen a bit against the dollar, but then the rates went down due to positive economic data and the speculation around the FED in the USA. Nevertheless, now the NZD has all chances to strengthen in the near future. Oscillators (Stochastics, MACD, RSI) unanimously point to the rates in the oversold zone, suggesting the expediency of opening the deals to buy against the trend to make a profit based on the price correction.

 

[Super Forex]

Seminar in KL

We invite everyone to receive new knowledge and useful information for free.

 

Our seminar will be held very soon, we want to remind you that you have little time to register, if you have not already done so. Forex Trading Seminar will be held on October 28, 2017 at the Arenaa Star Hotel, Kuala Lumpur, Malaysia.

 

You will have a unique chance to learn a lot of new information regarding the forex market. Our speakers have prepared reports on various topics that will be of interest to both novice and traders with experience

 

This year our speakers will be:

- Razak Mohd Nor

- Haji Azhar Ramli

- Dan Imran

 

Schedule:

12:00 - 12:30 - Registration

12:30 - 13:30 - “SuperForex Company Profile” by Haji Azhar Ramli

13:30 - 14:45 - “Forex Market Outlook” by Razak Mohd Nor

14:45 - 15:15 - Coffee Break

15:30 - 16:30 - “Support & Resistance in Forex” by Dan Imran

16:30 - 17:00 - The final lottery

 

It would be our great honor if you can come to this seminar. Participation in the seminar is free, it is necessary to fill in only the registration form on the site.

 

https://superforex.com/seminars/kualalumpur-october-2017

 

https://youtu.be/TSrm_VTmFK0

 

[Super Forex]

Results of the conference in Singapore

Good news from our company!

 

On October 21, 2017 Superforex participated in the prestigious international Forex conference ShowFx in Singapore. Our efforts to create the best partnership program have not gone unnoticed. We are returning from Singapore with the “Best Affiliate Program 2017” award by ShowFx.

 

Along with our partners’ success, this award once again shows that we’ve reached our goal.

Everyone who decided to become our partner and work with us can benefit from the best conditions for cooperation.

 

We’ve created various such opportunities:

 

Being our Introducing broker

Trader-Partner

Webmaster

Blogger

Exchanger

FX Signal Provider

FX Advisor Seller

FX Education Project

Investment Project

 

If you are confident enough and have the desire to join us - we are always happy to connect!

You can find more photos from the Conference here: https://superforex.com/offline

 

[Super Forex]

 

AUD/CAD: Fundamental Review and Forecast

There're a high volatility today. Investors are waiting for the decision of the Bank of Canada about raising the interest rate. Probably this issue will be postponed until December.

The AUD/CAD rates continue in the frames of a weak downward trend. The only thing that has changed over the last month is a shift of the support line down. The resistance hasn't changed for a while despite a number of signs of a new uptrend that can be seen on the chart.

Today is full of events for the AUD/CAD currency pair, which led to a sharp increase in volatility on the market. Since the beginning of the day the Australian dollar has come under pressure due to recent negative news about the Australian economy: the inflation rate in the 3rd quarter was only 0.6%, which does not match the expectations of analysts. The inflation rate in annual terms was 1.8% against the expected 2%. The weighted average consumer price index was also below the forecasted level. Therefore, the value of the AUD fell sharply against major currencies.

At the moment investors are waiting for the decision of the Bank of Canada about the interest rate. Though, investors suppose that increasing them will be postponed until December. Also important is the report of the Central Bank about further monetary policy. Last week the CAD was under pressure due to a decreasing of the retail sales volume of 0.7%, while economists were expecting growth of retail sales in 0.3%. The rate of inflation has slowed down. The Australian dollar, in contrast, received support, mainly due to recent data about the economy of China.

The Stochastic oscillator indicates the rates are in the oversold zone, so there's a high probability of a price correction soon. In this situation the deals to BUY against the current trend would be the most effective. It can be assumed that the most likely decision of the Bank of Canada is to leave interest rates unchanged, temporarily negatively affecting the value of the CAD, which confirms the efficiency of the deals to BUY. However, it's too early to speak about the formation of an upward trend. It should be noted that the price of oil has a tendency to grow. Increasing oil prices support the Canadian dollar, so the downward trend has all chances to continue.

[Super Forex]

 

SuperForex Lucky Draw

Do not miss your chance to win $300! Every client of SuperForex can take part in a win-win lottery. We give you the opportunity to win money without any cost. All you need to do is confirm your participation in the contest and the system will generate your winning number.

For this, you need an account in our company and a balance of at least $50 on this account. More details on the rules of the contest you can find out on our site https://superforex.com/lucky-draw

 

[Super Forex]

 

ECB Meeting Outcome

The euro slumped after the ECB announced its decision regarding stimulus measures yesterday.

Throughout this week news headlines were dominated by one thing: Thursday’s press conference of the European Central Bank. Despite losses for the euro over the past few weeks, largely due to the political tensions between Spain and Catalonia, the single currency managed to recover some of its losses this week, on the expectation that the ECB would finally announce a plan to phase out of its ambitious stimulus program. Did that happen? It seems that the answer is somewhat complicated.

Let us take a step a few years back first. Amid the fallout of the economic crisis of 2008 the global recession reached Europe and we saw massive economic slowdowns even in the most developed countries in the world. This prompted a new dovish trend among central banks: buying government bonds on a massive scale in order to promote growth and inflation. We saw this happen in the United States, in Japan, and even in Europe.

This is why the European Central Bank has been buying 60 billion euro worth of bonds per month over the past few years. Their efforts have shown results – economic data from all over the eurozone comes in consistently positive, European countries are enjoying economic growth of 2-3%, and inflation has increased, compared to 2008. This positive effect has prompted investors to hope for an end to the stimulus measures, which would allow the euro to start increasing in value against major currencies.

Yesterday’s press conference of the ECB, however, brought mixed results. The central bank finally showed a willingness to move away from stimulus by announced a reduction of the package in half – from 60 down to 30 billion euro per month. That would have been good news for investors and for the euro, had it not been for one addition – the ECB plans to continue with the measures well into 2018, possibly until September. The stimulus package is still needed, according to the ECB, because the healthy inflation rate of 2.0% has not been achieved yet (it is at 1.5% currently).

The markets were hoping for something more short-term, rather than the nine months of bond redemption planned for 2018. As a result, the euro dropped dramatically overnight, falling to trade around 1.1626 today. While investors were hoping to awake to a stronger euro, it seems that the ECB prefers it this way: by preventing the euro from appreciating, the ECB is ensuring exports from the EU are not going to suffer.

So, what’s in store for the euro? The ECB has shown an ability to act flexibly. They would keep a close eye on data from the EU, particularly to wage growth and inflation. It is possible that they would revise their expectations at their next meeting in December. Most importantly, investors need to understand that the ECB is trying to move very slowly, as sudden changes in the financial markets could have a harmful effect and undo all the good the stimulus program has achieved so far. In general terms, this means we are not likely to see a much stronger euro within the next year – unless there are external reasons, such as problems with the American dollar, for example.

 

[Super Forex]

 

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