Super Forex company news

[Super Forex]

 

GBP/NZD Technical Outlook after the Financial Stability Report

 

Minutes ago we listened to BOE governor Mark Carney’s speech about the financial stability in the United Kingdom. He said that the financial stability associated with the outcomes or the results of Brexit and the consumer credit has far outpaced household income over last year, and those comments led the pound currency to decline with 20-30 pips against all major currencies and to rise back again.

 

Today we would discuss the GBP/NZD pair which has lost more than 1400 pips since May 22 after breaking the small channel at the top. In our last report we recommended selling the pair at 1.7960 and it achieved our targets at 1.7932 and 1.7465 for more than 490 pips.

 

The pair is trading now at 1.7430, close to the uptrend line which has 4 bottoms. We are waiting for another retest to buy the pair. The Stochastic indicator lines are crossed together at the level 35.

 

The Next Few Days

 

From this analysis of the daily chart we have to wait for a bullish candle at these levels or a little lower on the daily or H4 chart in order to buy the pair. We should keep our first target at 1.7765 and the second one at 1.8150, but if the prices break the trend line and settle down we have to sell the pair to the bottom 1.6830.

 

This week is overwhelmed with hot events like Carney’s speech tomorrow and the current account on Friday from the UK. Read more: https://superforex.com/analytics/gbp-nzd-technical-outlook-after-the-financial-stability-report

 

[Super Forex]

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 an 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.

 

Read here: https://superforex.com/profi-stp-account       

                                                                                                                                                                                       

[Super Forex]

 

The Euro on the Rise

 

The European currency seems to be on the rise, enjoying a positive economic outlook.

Here is something we didn’t think we’d be saying so soon: the euro is having a good time.

The currency of the European Union went through some serious hardship over the past decade – it suffered immensely in the global recession of 2008, the debt crisis in some EU countries such as Greece and Portugal, which eventually led to further internal conflicts and more trouble for Europe’s unity as the United Kingdom announced its intention to leave and the fear of losing more members spread as Italy and France held elections recently.

However, this bleak phase for the euro seems to be approaching an end. Despite small daily fluctuations, which occur naturally when there’s global activity on the financial markets, the euro was able to climb up and is currently in its strongest levels since 2011, according to Reuters.

Part of the reason why this is a little surprising is the fact that the European Central Bank, the EU’s organ for monetary policy, has been implementing a stimulus program to boost the European economy by encouraging inflation, something that logically decreases the value of the euro versus other major currencies. It has already been two years since the program began and investors as well as the ECB itself initially expected to continue with this approach for a few years. Nevertheless, recent data from the European Union shows the economy is doing quite well, which prompted ECB President Mario Draghi to show willingness to change the course of the current policy as early as September this year.

Read more: https://superforex.com/analytics/the-euro-on-the-rise

 

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[Super Forex]

 

SuperForex 40% Welcome Bonus.

 

Thanks to this highly popular bonus you can easily increase your trading volume and realize a much better trading profit! Our 40% Welcome Bonus is the motivation for traders to register an account in our company. Take advantage of the possibility of risk-free trading with the ability to withdraw profits. Get $40 for free in just a few simple steps. All you need to do is register a live trading account with us and submit the “Get the 40% Welcome Bonus” button from the Client's Cabinet. Start trading with us using the advanced MT4 trading platform!

 

Read more here https://superforex.com/welcome-bonus

 

[Super Forex]

 

Distance Education Course

 Regardless of whether you are beginner in Forex trading or just want to update your knowledge of basic forex requirements, a special distance learning course by SuperForex will allow you to become better acquainted with Forex trading.

 

Starting from the basic concepts of currency exchange to the most useful technical and fundamental analysis tools, our course contains all the specification that will help you grasp how the Forex market works. You will be provided with visual and quantitative examples to improve your learning process. Each lecture also contains a set of sample questions to test your knowledge after completing the reading.

 

Read more: https://superforex.com/distance-education-course

 

[Super Forex]

 

USD/SEK: Review & Forecast

 

Riksbank supported the SEK while the USD was losing positions amid political tensions and investors' worries about the rate change by the FED.

 

The rates continue in the frames of a downward trend, although in the period from May 19 until June 27 the trend changed to a flat one. It seemed that the downward trend had been finally completed at the beginning of July. However, market volatility has suddenly increased, and the downward trend has been restored.

This week there were no significant factors that would affect the USD/SEK rates. The main factor that influence the value of the USD in recent weeks remains the political tension in the United States and investors' worries about the future for the FED rate hikes due to weak economic data in the United States. At the same time, Federal Reserve officials maintain the stance that the rates should be raised more before the end of 2017. Nevertheless, investors suppose that the Federal Reserve may delay increasing the interest rate if the situation in the U.S. economy changes in a positive way and if political tensions in the US grow. Based on this, the dollar lost positions against most currencies while investors prefer safe-haven instruments such as JPY and Gold.

 

Read more here: https://superforex.com/analytics/usd-sek-review-forecast-050717

 

[Super Forex]

Partner's starter kit

 

The Partner’s Starter Kit holds all the answers you need. The following booklet has been carefully designed by the SuperForex Partner Relations department in order to help you on your way as a partner. In the pages that follow you can learn about the essence of our Partnership Program - its structure, goals, and benefits. You will also find instructions and recommendations as to how to develop your business as an official partner of SuperForex. We have included a preview of our substantial collection of promotional materials that you can use to raise awareness about SuperForex.

 

 

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[Super Forex]

 

A New Hope for the Pound

The United Kingdom's currency seems to have finally slowed its descent - could it be ready to start recovering?

The future of the British currency became quite uncertain the weeks leading up to the Brexit vote last June, then slumped after the results came through. Now it seems that for the first time in 2017 investors are changing their views on the pound for the better. However, this pertains to the pound vs the dollar; where the euro is concerned, the situation is different.

This discrepancy could be easily explained. For one thing, investors expected a lot more from the US economy, mostly riding on Donald Trump’s promised goals as president, especially his vow to bring economic growth up to 3%. This is easier said than done, as we’ve seen. Lukewarm reports from the United States, as well as Trump’s general struggle to enact any kind of policy successfully have made investors lower their expectations. We’ve even seen the dollar drop against all major currencies in recent weeks.

The situation is pretty much the opposite with the eurozone. The European Central Bank is in the midst of a massive stimulus program to encourage healthy inflation and spending. Even though the expectation was to see it continue a bit longer, the program is already paying off and surprisingly good economic data from all around Europe has prompted the ECB to admit they may start phasing out the program before the year’s end and turn to a more hawkish policy on the euro. In addition, fears of further political unrest in the EU have been calmed by Macron’s victory in the French presidential elections in April. We still have to see what would happen in the German general elections this fall, but things seem promising for Angela Merkel. It was previously feared she might not gather enough support but after a successful equal marriage rights vote last week it seems likely that she would stay in power.

Read more here: https://superforex.com/analytics/a-new-hope-for-the-pound

 

[Super Forex]

 

Forex Copy System

SuperForex is happy to say that we have found a way to make your life easier. Rather than go to painstaking efforts to analyze, predict, and plan every single trade you make, we give you the Forex Copy service - a shortcut to success.

Forex Copy is a unique functionality that allows traders to subscribe to the trades of some of our most successful Forex masters, thereby making a profit using their strategies.

[Super Forex]

 

AUD/CAD: Fundamental Review & Forecast

 

The CAD continues strengthening against the AUD. Investors expect an increase of the interest rate today.

 

The rates of the AUD/CAD continue in the frames of a downtrend. Last month the Canadian dollar successfully withstood the pressure due to low oil prices and strengthened against the Australian dollar. The Australian dollar continued decreasing even after the positive statistics about the trade balance, although this did support the AUD for a few days. Last week the RBA refused to raise the interest rate. Despite the positive economic data, the RBA supposes that the goals of its stimulus program haven't been achieved yet. In particular, the RBA is concerned about the situation on the labour market.

 

This week we do not expect important information about the AUD. The only thing that can have an impact on the value of the AUD is information about the Chinese economy. As for the CAD, we expect important information. In particular, this evening investors expect a decision from the Bank of Canada regarding raising the interest rate. Given the recent information about the PMI index and positive reports about the employment market, investors are sure that the Bank of Canada will raise the interest rate by 25 pips - up to 0.75%, for the first time since 2010. Thus, Canada will become the first country after the United States to tighten its monetary policy amid the good economic situation in the country. Another reason for the further strengthening of the CA, is a growth in oil prices, which have increased due to information about a reduction in the reserves of WTI crude oil by 2.1 million barrels for a week in the main oil storage reservoir of the United States. In addition, it was reported that OPEC can limit the volume of oil extraction in Nigeria and Libya, which were free from obligations to reduce the volume of oil production with the current agreement.

 

In this situation, the optimal decision is to open the deals on the trend. The Stochastic oscillator also gives a signal for short deals indicating the rates in the overbought zone.

 

[Super Forex]

 

Micro Cent Account

Only about 10% of all Forex brokers offer cent accounts in one form or another. SuperForex is one of these brokers. Our Micro Cent Account will be very useful for beginners, as it allows you to trade with a real deposit that doesn't need to be very big. Cent accounts can be perceived as a transitional stage between demo accounts and standard accounts, which are the first step in real trading. There are no special requirements for opening a cent account. Micro Cent Account Description:

Accepted currency: USD and EUR

Maximum deposit: 100USD/EUR (10000 cents)

Compatable with bonuses: Welcome, Energy, Hot

Lot size: 10 000 cents

Maximum leverage: 1:1000

Unlimited EA trading: Allowed

 

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[Super Forex]

 

Qatar Crisis Continues

Qatar is still under blockade by Saudi Arabia, the UAE, and two other countries. Can Qatar's economy weather this storm?

A few weeks ago we shed a little bit of light on the current diplomatic crisis in Qatar. It has been essentially blockaded by its neighbouring countries on the grounds of supposedly promoting terrorism and destabilizing the Middle East. This has made it slightly more complicated for Qatar to import and export goods, but as we learned from Qatar’s finance minister, there was no need to worry too much. Or is there?

The countries opposing Qatar are Saudi Arabia, the United Arab Emirates, Egypt, and Bahrain. They made a list of demands that aim at making Qatar work for better stability in the region. However, the blockaded state has refused to comply, stating that the demands may constitute a violation of international law, reports CNN. In retaliation, the four countries which cut ties with Qatar have showed a determination to step up their measures and increase pressure on Qatar, though the meaning of this is yet unclear.

Read more: https://superforex.com/analytics/qatar-crisis-continues

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[Super Forex]

 

The more trades you make - the more real money you earn

The Dynamic Bonus is designed based on the principle of communicating vessels – nothing can change in one without affecting the other. In our case - the number of your trade orders will dynamically be reflected on the amount of funds you may withdraw. This means the more trades you make, the more real money you can withdraw.

For each lot you trade with us, we will release $1 from the bonus amount for you to withdraw.

 

The Dynamic Bonus is calculated based on the amount of the deposit as follows:

 

from $100 to $500 – the bonus is 20%

from $501 to $1500 - the bonus is 15%

from $1501 to $3000 - the bonus is 10%

over $3000 - the bonus is 25%

 

[Super Forex]

 

Swap-free account

Superforex tries to respect the cultural features of Islamic countries, in particular, the Sharia law, which prohibits Muslims to receive interest. In this regard, we have a special account for Muslims - our Swap-free account.

 

When making transactions using this trading account for any currency pair if the position extends past midnight the trader does not receive or lose any amount, regardless of the volume of the position.

 

You can check the specific amounts of the swap by browsing the list of trading instruments. To compensate for the lack of swaps, Islamic accounts work on a fixed commission, which is perfect for traders who tend to make long-term deals.

 

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[Super Forex]

 

USD/MXN: Fundamental Review & Forecast

 

The MXN has achieved its April 2016 level, while the USD is losing positions due to the failure of the health care reform.

 

The rates of the USD/MXN pair continue in the frames of the downtrend which has lasted for more than six months, when the Mexican peso fell as a result of the presidential elections in the USA and D. Trump's anti-immigration protectionist policies openly directed against Mexico. Despite several factors against the Mexican peso, such as perspectives for lowering oil prices and the worsened relations between the U.S. and Mexico, the peso managed to recover its lost positions.

 

This week the MXN reached the level from April 2016 amid the rising oil prices and the failure of the health care reform in the United States. This points to the inefficiency and weakness of Donald Trump's administration. The failure of the health care reform threatens the further policies of Donald Trump and decreases his popularity in the United States. The US dollar was also negatively impacted by the cautious rhetoric of Yellen about a further tightening the FED policy. Also, amid disappointing data about inflation and retail sales, investors began to doubt whether we would see a further increasing of the interest rate this year.

 

[Super Forex]

 

The Euro Back to 2015 Highs

 

The euro continues to take on the USD in a confident bullish movement.

 

This week we turn our eyes to Europe once more. The economic climate in the European Union seems to be quite heated these days: many reports coming from all around the eurozone are flooding in, and investors are paying close attention to the euro, particularly in the context of the much weaker dollar we’ve been seeing these days.

 

Earlier today the European Central Bank’s Survey of Professional Forecasters was published. The survey, which is quite important to the ECB and whose results always figure into the decision-making process of the ECB, showed that while there is stable economic growth and a decrease in the unemployment rate, the inflation rate still remains relatively low. As we’ve mentioned before on our blog, the ECB is currently in the midst of a massive stimulus program whose goal is to boost inflation to a healthy level. It appears this level still hasn’t been achieved, despite investors’ hopes that the ECB might be satisfied with the current progress and start turning towards more hawkish policies.

 

Read more: https://superforex.com/ru/analytics/the-euro-back-to-2015-highs

 

[Super Forex]

 

Easy Deposit Bonus
 

SuperForex offer a bonus to all traders that allows them to begin trading with a higher amount of funds. Now you can get 1000% of the amount of your deposit! This means that if you make a deposit of just $10, you will get a full $100 as a bonus, allowing you to trade much more at a very low cost. Once the bonus is credited, your deposit will be counted together with it as bonus funds.

 

To claim the Easy Deposit Bonus, follow the steps below:

 

1. Register a live trading account.

2. Verify your account.

3. Apply for the Easy Deposit Bonus

4. Make a deposit.

5. Enjoy the Easy Deposit Bonus!

 

 

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[Super Forex]

 

XAU/USD: Short Review and Forecast

The market has been extremely volatile the last few months. Investors are waiting for the results of the FED meeting. The GOLD has good chances to increase in price if the FED doesn't change the rate.

 

The Gold has been extremely volatile for the last few months. On the H4 chart we can see a large number of different micro trends that continually replace each other every month. This has created uncertainty on the market. Volatility is higher than ever: in just three months, the price varied in the range of 1216-1294 dollars. Overall, the trend looks flat, but with a huge range.

 

This week, the price achieved a monthly maximum, but decreased a bit because investors are awaiting the results from the Federal Reserve meeting held today. The Fed meeting will show if the interest rate is going to be increased or not. Investors suppose that interest rates are unlikely to be increased before December. Inflation in the United States was lower than expected for the fourth month in a row. Other economic indicators also do not impress the market. The Gold also has been rising in price due to the failure of the health care reform and the weakening of the USD.

 

Given that the Federal Reserve rate hike is unlikely in the near future, we expect a further increasing of Gold value, after the price correction. This also confirmed by the Stochastic oscillator, which indicates that the current rates are in the oversold zone. A further increase of the Gold's value will lead to the formation of a steady uptrend. Therefore, the deals to BUY can be considered as the most effective.

 

[Super Forex]

 

Bitcoin Trading

 

SuperForex has introduced a new trading instrument for its customers – Bitcoin, the digital currency that continues to become more and more popular globally.

 

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

 

Enjoy the freedom of trading with a fully licensed and regulated broker!

 

No minimum deposit required.

 

Trade, invest, and make a profit in a safe environment.

 

The Bitcoin market is open 24 hours a day.

 

Benefit from our various depositing options and get a special bonus credited to your account.

 

Get live customer support – our dedicated team is available around the clock.

 

Start trading Bitcoin with us and take advantage of our bonus program and special offers designed for our newest members.

 

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[Super Forex]

 

How Healthcare Failed the Dollar

Amid the ruins of the Republicans' attempts to repeal and replace Obamacare, the USD is the true victim.

 

While we have been focusing on other regions in our most recent articles, one detail often popped up in our analysis: the fact that the American dollar has weakened. Why did that happen? That’s what we’ll try to find out today.

 

Now, if you take a look back to 2015 and 2016, you’d see the dollar overtaking most major currencies, making consistent gains as the US economy was doing splendidly. The USD experienced volatility around the 2016 Presidential elections, but after Trump’s win investors decided to back him up in hopes that his protectionist policies and focus on infrastructure would boost the economy. As a result, the dollar ended 2016 at record highs and at the turn of 2017 people were already talking of possible parity with the euro, with various temporal prognoses, most commonly by the year’s end.

 

However, we are now seven months into 2017 and six months into Trump’s presidency, and things are not looking good. Trump has failed repeatedly to find support for his policy-making, and save for his promise to revive the coal industry, he hasn’t achieved much from what was on his campaign’s agenda. Investors have been continuously changing their expectations of his presidency with every passing day, and have little to no confidence in him right now, since polls are showing massive losses in Trump’s popularity among American citizens. This led to a lack of confidence in the American dollar too; the USD has suffered losses, while safe-haven trading instruments such as gold have regained some of their popularity in recent times.

 

The most recent political fiasco of Trump’s administration is undoubtedly the failed healthcare reform. Republicans have been attempting to get rid of the Affordable Care Act (commonly known as Obamacare) even before it was enacted years ago. Now that they finally have the upper hand in the Senate, it is astonishing just how poorly this was handled. Republicans kept details about their reform secret; the President expressed support for the bill without having seen it, and later switched his position, calling it “mean.” After a series of failed votes (including from Republican senators), the massively unpopular bill failed. It was then replaced with a plan to simply repeal Obamacare and return things to the way they were. In light of this, however, an estimate of 15 million people would have been left without insurance next year, and even more in the future. Last night even the vote to repeal Obamacare failed.

 

[Super Forex]

 

Mobile Trading from 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.

 

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[Super Forex]

 

The US vs. North Korea

 

The markets are shaken amid the rising tensions between the United States and North Korea.

 

While this week has been more or less quiet in terms of actual economic events affecting the financial markets, it was quite the opposite in terms of politics: this week US President Donald Trump made several controversial comments that sparked a discussion on whether the United States would be going to war with North Korea.

 

Needless to say, such major fundamental events always have an effect on the markets. In this particular case it was Asian stocks (particularly in South Korea, which is dangerously close to a potential war zone) that dropped significantly – now they seem more insecure than ever, and investors are directing their attention to other safe-haven instruments such as gold, the Swiss franc, and the Japanese yen.

 

The currency of Korea, the won, also suffered losses against the dollar, dropping to its lowest this month as a result of the growing tensions in the region.

 

Australian markets are also somewhat affected, while the state of the markets in Japan is unclear since the country was celebrating a holiday and the market was not open. The American stock market also suffered amid the news, as did the stock markets in London, Paris, and Frankfurt.

 

So, what happened exactly?

 

North Korea, which has been more active in its testing of military weapons over the past few years, announced its intentions to fire missiles into Guam, which is officially a US-controlled territory. It is important to note that the Korean war never officially ended, so at least on paper relations between the United States and North Korea are not good.

 

In recent months tensions with North Korea came to light also because the communist state released a prisoner who was an American citizen, who reached the US in a terrible physical state. The young man showed signs of extensive brain damage; his condition was so bad that it completely baffled American doctors, and he soon died. This story rattled the West and caused people to speculate that North Korea is up to something.

 

Instead of addressing North Korea’s plans of attack through the accepted diplomatic channels, Trump took to Twitter to talk about retaliation, and then reaffirmed in an interview that he is ready to go to war if North Korea does attack any American territories.

 

This newly-added level of serious political insecurity rattled the global financial markets. The dollar marked new decreases against the yen. In addition, the yen is gaining on the USD due to issues with the American treasury and a possible default coming in the next two to three months.

 

Clearly this is a complex issue. So far neither country has attacked, but considering that President Trump and Supreme Leader Kim Jong-un have got to be the two most unpredictable leaders in the world right now, tensions are definitely growing steadily. Make sure you watch out for any related news and see how the markets are responding as more information is flowing in.

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[Super Forex]

 

GBP/AUD Technical Outlook & H4 Chart

 

The bears are back this week to make new lows.

 

After the GBP/AUD recorded its highest level this year at 1.7647 in May, it turned back to decline by more than 1350 pips and it’s trading now at 1.6480. Today the Australian Dollar rose in the beginning of the week because of the tension between North Korea and the United States, in addition to China's foreign ministry saying there is no future in a China-U.S. trade war and adding that issues of trade and North Korea are not connected. The ministry also said that China pays great attention to protecting its intellectual property rights and says the essence of U.S.-China trade is mutually beneficial and a win-win.

 

The GBP/AUD currency pair is trading inside a downside price channel which may lead the pair to new lows this week. The pair’s trading between support and resistance areas representative at the trend lines and it’s expected that the pair will break the downside trend line to decline further. The moving average is trading above the prices which supports the negative vision, while the Stochastic indicator hasn't shown us the sell signal yet.

 

The Next Few Days

 

After we learned the outlook for the pair is down, we can take sell positions at the resistance levels, which means we can take sell positions now at the current level 1.6480, sell again if it reaches 1.6560, and place a third sell position at 1.6640, keeping our target for all of them at 1.6310.

 

This week the market has some hot news from the UK like the Average Earnings Index and the retail sales. In addition, we expect the Monetary Policy Meeting Minutes for the Australian bank and the Unemployment Rate.

 

[Super Forex]

 

Make deposits and withdrawals any way you like

 

All financial transactions made with us are safe, fast, and transparent. You can open accounts and deposit funds in: United States Dollar (USD), Euro (EUR), and Russian Rouble (RUB).

 

What's the main advantage?

Our deposits start from just $1. With us clients are free to choose their deposit. We put no restrictions on deposit amounts.

SuperForex does not charge any internal fees for deposits or withdrawals. We encourage our international clients to contact their banks regarding any fees they may charge for transferring funds, including currency conversion fees.

 

[Super Forex]

 

EUR/SGD: Fundamental Review & Forecast

We have an extremely rapid upward trend but it seems like the peak has been reached.

 

It is difficult to imagine a more rapid upward trend than we can see on the EUR/SGD chart. The Euro strengthened against many currencies, but this did not lead to such a significant increase relative to another currency. At the moment it is likely that the price has reached a peak, especially amid disappointing statistics from the Eurozone. This week the market received data that indicates slower economic growth in the EU. Germany's GDP in the 2nd quarter amounted to only 0.8% yoy, while the market expected a GDP growth of 1.9%. The volumes of industrial manufacturing in the Eurozone fell in June by 0.6%, although this is in line with expectations. The eurozone's GDP is only 0.6% in Q2, which is also in line with the expectation of investors.

 

Thus, the Euro doesn't have enough stimulus for growth. The Singapore dollar gets the opportunity to consolidate at least at the current levels and prevent a further falling in price. During the last five months the SGD has changed in price from 1.4845 EUR up to EUR 1.602. It should be noted that the Singapore dollar is now at the level of November 2015. This is another reason why we say that the peak has been reached.

 

Next week the Singapore dollar can be supported due to the release of new statistics about industrial production volumes for July and the consumer prices index. The latest data on the economy of Singapore is showing a pretty good economic situation: retail sales in June grew by 1.9% and continue to grow for the fourth consecutive month.