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[Superforex_Official]

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

 

[Superforex_Official]

USD/SEK – review and short term forecast.

Since the beginning of April, the rates of USD/SEK continue in the frames of the downtrend. While the U.S dollar is under the pressure due to political scandals of the administration of D. Trump and slowdown of US economic growth, the Swedish Krona continues to strengthen, and reached the best level for the last 9 months - 8.68 SEK. against the dollar. But weakening of the dollar isn't the only reason that caused the strengthening of the crown. Also impacted the end of political uncertainty in the EU, and optimal economic indicators in Sweden. Published data showed GDP growth in Sweden to 0.4 % in Q1 2017. Investors expect more significant growth at 0.9%, but given the weakening dollar, it was enough to continue strengthening.
Probably the downtrend will continue this month. The U.S. dollar, however, can be strengthened for some period. In particular, published data about employment in the US, encouraged investors, and it is stopped the weakening of the USD and consolidated the rates. According to the ADP's company report , the number of jobs created in may increased by 253 thousand, although it was expected only by 185 thousand places. Today we expect the official data from the Ministry of labour, which likely will confirm the statistics from the ADP. Good data on the labor market may influence the FED's decision to raise the rate. So investors are focused on this data and waiting for it with high attention.
Thus, in the near future, we can expect a price correction and upon short-term trading, the most effective will be the deals to Buy. The Stochastic oscillator also indicates a good time for the long trades. We can also designate the points of entry at the levels 8.671 and 8.705 SEK, breakout of which will be signalized the exit from the consolidation phase. Special attention should be paid to the level 8.671, achieving of which will be signalized about continuation of the trend, and can be a good signal to open the short deals.

 

[Superforex_Official]

New payment services available!


SuperForex is happy to announce that we have expanded our ever-growing list of supported payment systems in a continued effort to make financial transactions as easy and comfortable for you as possible. Now you will have a choice to use a number of Chinese payment service providers.
China UnionPay
With more daily transactions that both Visa and MasterCard, UnionPay is the largest card payment system in the world. This Shanghai-based organization is immensely popular in China and is regulated by the People’s Bank of China. If you own a UnionPay bank card, whether or not you reside in China, you will now be able to use it to make SuperForex deposits and withdrawals.
WeChat
One of the world’s most popular instant messaging apps, the Chinese service WeChat also supports a wallet and payments feature. By linking your WeChat account to either a bank account or a bank card, WeChat enables you to make quick payments while you surf the Net. We have taken into account the popularity of this payment method and have now made it available for you - you can use WeChat to make financial transactions for your SuperForex account.
AliPay
Owned by the Chinese giant Alibaba Group, AliPay is the world’s largest online and mobile payment system. AliPay boasts over 400 million subscribers, fast order executions, and reliable funds security. As its popularity cannot be ignored, you can now use your AliPay account to make deposits to and withdrawals from your SuperForex one.
We hope that these newly-integrated payment options would enhance your SuperForex experience. Stay tuned to our news section to learn about all future improvements that our company develops.
You can view the full list of payment systems via this link https://superforex.com/deposit-and-withdrawal

 

[Superforex_Official]

SuperForex Islamic Accounts

If you would like to avoid swap fees, you can now register a special Swap-free account with SuperForex.

Swap-free accounts are suitable for anyone who wants to work without such fees affecting their trading volume. They are especially appropriate for Muslim traders, as they remain consistent with the religious practices of Islam by not charging interest - this is why such accounts are also called ‘Islamic’

Learn more at https://superforex.com/ru/swap-free-islamic-accounts

 

[Superforex_Official]

AUD/CAD: review and forecast

Сanadian dollar, is under intense pressure due to falling in oil prices. The rates of CL drops and can not find a base to stabilize. At the moment the price of a barrel of oil CL/WTI costs $ 45.39. Such a low level of prices had been reached only once, this year. After positive GDP data in Canada, at the beginning of the month, there were many factors that had a negative impact on the Canadian dollar. In addition to falling of oil prices, the market also dissapointed with statistics about reduction in the number of building permits by 0.2%, while investors expected in April increasing by 2.4%. Also it has been known about reduction of business activity index in Canada (PMI) to 53.8 against expected 62. A month earlier, the index reached a level of 62.4.
Given the multiple factors against CAD it is not difficult to assume that the upward trend of AUD/CAD continues. But the Australian dollar deserved to grow even despite the weakening of the Canadian dollar. This week, there were data about GDP for the first quarter of 2017: it has grown to 0.3 percent, slightly exceeding the forecast; yoy GDP growth is more impressive - 1.7% vs. expected growth to 1.5%. The reserve Bank of Australia left interest rates unchanged and indicated further economic growth in the next few years.Situation with trading partners of Australia also in favour of Australia. Recently received statistics about China showed growth in exports and imports by 8.7% and 14.8%, significantly exceeding forecasts. In particular, the volume of iron ore imports in May increased by 11%. Also, increased imports of aluminium and copper.
Oscillators indicate different signals. Stochastic signalized the beginning of a price correction and a good time for opening the deals against the trend. Upon short-term trading, such deals may be rather effective. Especially given that today we expect data about the change in employment for Canada which can support CAD. But there are no enough preconditions for a trend change. So, upon medium-term trading, it is better to trust the MACD oscillator and open the deals to BUY.

 

[Superforex_Official]

Superforex CSR Charity Event Panti Tuna Grahita Belaian Kasih

On Saturday, June 3 2017, Superforex conducted a charity event in accordance with its Corporate Social Responsibility (CSR) policy in Panti Tuna Grahita Belaian Kasih in West Jakarta. The event was organized by our official representative in Indonesia, Carolin.
Panti Tuna Grahita Belaian Kasih is a government-run and funded institution that takes care of people with impaired mental abilities. There are about 250 people taken care of in this institution, with a more or less even representation of men and women. The people in this institution are quite diverse, with an age range of 17 to 40 years old. Panti Tuna Grahita Belaian Kasih also accepts babies and children when the occasion arises. Unfortunately, sometimes children who are born with a lower mental capacity are abandoned by their parents and would be left living on the streets if it were not for such charities.
In Panti Tuna Grahita Belaian Kasih, great care is taken to separate the female from the male residents. The caretakers are also of the same genders as the people they look after, for the residents’ comfort. The caretakers are only there to help as the people are encouraged to be independent according to their capability. They are also taught to be cooperative and help each other where the more able ones are to help the less so.
The special charity event got a good response from the people in the institution. We would like to thank Carolin for her help and kindness in planning and participating in this event.
Superforex is going to conduct more similar events in the future. Please stay up-to-date with the information about the upcoming Superforex CSR events so that you can participate in helping others. See you at our next initiative!
You can contact with us via one of the listed contacts https://superforex.com/contacts-information

 

[Superforex_Official]

AUD/CAD: review and forecast

Сanadian dollar, is under intense pressure due to falling in oil prices. The rates of CL drops and can not find a base to stabilize. At the moment the price of a barrel of oil CL/WTI costs $ 45.39. Such a low level of prices had been reached only once, this year. After positive GDP data in Canada, at the beginning of the month, there were many factors that had a negative impact on the Canadian dollar. In addition to falling of oil prices, the market also dissapointed with statistics about reduction in the number of building permits by 0.2%, while investors expected in April increasing by 2.4%. Also it has been known about reduction of business activity index in Canada (PMI) to 53.8 against expected 62. A month earlier, the index reached a level of 62.4.
Given the multiple factors against CAD it is not difficult to assume that the upward trend of AUD/CAD continues. But the Australian dollar deserved to grow even despite the weakening of the Canadian dollar. This week, there were data about GDP for the first quarter of 2017: it has grown to 0.3 percent, slightly exceeding the forecast; yoy GDP growth is more impressive - 1.7% vs. expected growth to 1.5%. The reserve Bank of Australia left interest rates unchanged and indicated further economic growth in the next few years.Situation with trading partners of Australia also in favour of Australia. Recently received statistics about China showed growth in exports and imports by 8.7% and 14.8%, significantly exceeding forecasts. In particular, the volume of iron ore imports in May increased by 11%. Also, increased imports of aluminium and copper.
Oscillators indicate different signals. Stochastic signalized the beginning of a price correction and a good time for opening the deals against the trend. Upon short-term trading, such deals may be rather effective. Especially given that today we expect data about the change in employment for Canada which can support CAD. But there are no enough preconditions for a trend change. So, upon medium-term trading, it is better to trust the MACD oscillator and open the deals to BUY.

 

[Superforex_Official]

SuperForex Islamic Accounts

If you would like to avoid swap fees, you can now register a special Swap-free account with SuperForex.

Swap-free accounts are suitable for anyone who wants to work without such fees affecting their trading volume. They are especially appropriate for Muslim traders, as they remain consistent with the religious practices of Islam by not charging interest - this is why such accounts are also called ‘Islamic.’

Read more at https://superforex.com/swap-free-islamic-accounts

 

[Superforex_Official]

Special gathering in Malaysia

On Sunday, June 4 we organized a special gathering for our local clients with the help of our Introducing Broker in Malaysia, Abdul Malek Azenan.
The meeting was designed to introduce the most important aspects of the wide range of services that SuperForex provides. Some of the topics we covered included our variety of account types available, the best payment systems to use for financial transactions, our many bonuses which help clients to trade with a greater amount of funds than they actually deposit, and many other exclusive promotions that make SuperForex the best broker on the market.

We were glad to see so many of you there. Thank you once again for joining us for this event!

We would like to point out that Mr. Azenan always tries to make time for his clients, so if you have any questions at all, please do not hesitate to contact him - he would be more than happy to set up a meeting at a time that is convenient for you and answer all of your questions about SuperForex in person

 

[Superforex_Official]

CAD/JPY: fundamental review and forecast

CAD/JPY rates continues in the frames of a weak downtrend. We could expect more rapid weakening of the Canadian dollar, considering strong pressure for this currency in recent times, due to falling of oil prices. But CAD managed to find support and even strengthened against many currencies due to the statements of the Bank of Canada's representatives. they said about high probability of a rate hike, given continued economic growth. Therefore, increasing of the rates this year, can be considered as almost solved question.
Contributed the strengthening of the Canadian dollar disappointing statistics from Japan. Trade balance amounted to only 0.13 T amid expected growth in 0.35 T. Japan's trade deficit widened to JPY 203.4 billion in May while investors were expecting a surplus +43 billion. Growth of exports also do not match with investors' expectations and amounted to only 14.9 percent, while imports increased more than expected - 17.8% vs. expected 14.5 %. The positive thing here is only fact that exports continues to grow for the sixth consecutive month.
In the near future, the rates of CAD/JPY will continue depending on the situation on the oil market because oil prices have already continued to test new psychological marks and now it's already less than 44 dollars for barrel CL/WTI. Unlikely volatility will be high until June 30, when we will have a real Canadian-Japanese day: the market will get a lot of important statistics, such as Canada's GDP, the unemployment rate in Japan and the consumer price index PMI. Considering a lot of factors against CAD, the most effective can be considered short deals on the trend, that confirmed with the Stochastics oscillator.

 

[Superforex_Official]

XAU/USD (GOLD): Short review and forecast

Situation has not changed significantly since the last month. The rates continue in the frames of the weak uptrend. This week, Gold received support thanks to the weak unemployment report in the United States. So investors began to doubt about further tightening in monetary policy and raising the rate, in the near future. Probability of a rate hike in September estimated at only 15%.
On the daily chart, we can see lowering of volatility this year. There are no signs of trend change, although it has some basis: political risks in the U.S. decreased. The tense situation around the President D. Trump and his administration, gradually stabilizes; investigations against Trump with perspective of impeachment, unlikely be performed. Thus, the U.S. dollar is not under the pressure as it was before and in the near future, it's free for strengthening. The USD value is depending now on the economic situation in the United States and inflation level. But given the forecasts and current situation in the economy of the US, unlikely the dollar will be able to add significantly in price.
During the past three days, gold continued growth. In the short term perspective, Gold can add in the price, within the current range 1240 to 1290 dollars. Therefore, the most optimal would be the deals on the trend upon the short term trading.

 

[Superforex_Official]

We wanted to let you know that we have updated our official website. If you head over there right now, you would find it has a slicker design, quick links to key services that are easier to locate, and the best part is that everything is responsive, so it should look and work great even on your mobile devices. The new appearance of the website is quite user-friendly and would permit even our mobile users to enjoy our services to the fullest.

Do not worry - we have not removed anything essential. Most menus are still organized in the way SuperForex customers are used to and love. You can still find information on all of our programs and offers without any difficulties.

An important addition to our new website is the SuperForex Social Responsibility page. If you are interested in the charities that SuperForex is involved with, you can learn all about are events and the ways in which you can help us support some of the world’s most disadvantaged communities.

 

[Superforex_Official]

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.

 

[Superforex_Official]

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

 

[Superforex_Official]

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

 

[Superforex_Official]

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

 

[Superforex_Official]

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.

 

[Superforex_Official]

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.

 

[Superforex_Official]

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

 

[Superforex_Official]

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%