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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.
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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
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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.

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50% discount in honor of the European Union Foundation Day
On the 1st of November, 1993 - the day of the founding of the European Union - 28 European states signed the Maastricht Treaty.
Regarding it, SuperForex company announces to all traders about a 50% discount on deals with currency pairs: EUR / SEK, EUR / NOK, EUR / PLN, EUR / GBP, EUR / DKK, EUR / HUF, EUR / AUD, EUR / CAD, EUR / USD.
https://superforex.com/no-spread-accounts
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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

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CAD/JPY: Fundamental Review and Forecast

The JPY has weakened due to a decision by the BoJ to leave the rate unchanged, while the CAD was supported by high oil prices and has all chances for growth.
More information look there: https://superforex.com/analytics/cad-jpy-fundamental-review-and-forecast-011117
https://superforex.com/additionalimages/01-11-2017/cad-jpy-fundamental-review-and-forecast-011117-0.jpg

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Powell Named Next Fed Chief

Trump's nomination of Jerome Powell as next chief of the Federal Reserve didn't shock the markets.
For over a week now the financial markets were taking it easy on the American dollar. Investors almost stopped trading USD pairs this week as we all waited for one important announcement that happened yesterday – President Trump’s nomination of a new head of the Federal Reserve. He chose Jerome Powell for this position, so let’s take a look at what this entails.
To start with, it is important to remember that the President’s rule is not absolute – he cannot appoint a Fed chief, but merely nominate one. It is up to the Senate to decide whether they accept the nomination or not. So, technically speaking, Powell’s position is not 100% confirmed yet.
So, who is Jerome Powell? Unlike the previous Federal Reserve chiefs over the last 40 years, Powell does not have a PhD in Economics, but is instead a lawyer by training. However, he has had a long career within the finance world that includes investment banking, a position in the U.S. Treasury during Bush senior’s presidency, and a post as governor within the Federal Reserve for the last few years. He has been working closely with current head Janet Yellen, so he knows all about the current trend of policy making employed by the Fed. In many ways he seems like the perfect candidate for the job, since he’s already involved and up-to-date with the Fed.
In terms of his policy outlook, Powell has been on the same page as the current Fed chief Janet Yellen. That means that while the Federal Reserve in general plans to reduce its investments (after the 2008 crisis the Fed bought trillions of dollars worth of assets in order to boost the economy) and increase interest rates, Powell’s goal would be to do it slowly, gradually. Even though economic data from the United States is coming in consistently positive, the economy is still vulnerable to sudden changes. The Federal Reserve is also struggling with an issue of mixed signals – strong statistics and low unemployment are begging for a rate hike, but low inflation is saying it’s too early. It’s a tricky balance that Yellen has managed to keep with remarkable patience and attention to detail. It is expected that Powell’s approach will be similar.
The markets didn’t have a major reaction to the announcement. As evidenced above, Powell is expected to pretty much replace Yellen unnoticeably, with no major changes in policy. He was also rumored to be the top candidate for the job weeks before the announcement, due to his current prominent post within the Federal Reserve. He is also a Republican, which makes him an even more desirable choice for President Trump and a mostly-Republican Senate.
There was some space for surprise, in case Trump nominated someone else with a different economic opinion, such as John Taylor. The Stanford economist is known for his much more hawkish stance on monetary policy, and if he had been nominated, it is likely that the dollar would have received a major boost.
Since the nomination went on without any major surprises, we can say that in terms of the American dollar, in 2018 we expect things to continue in much the same way as now: slowly, patiently, with a close attention to each report on the American economy and inflation. Meanwhile, an interest rate increase in December, still under Yellen’s guidance, is still expected.
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Seminar in KL
We invite everyone to gain new knowledge and useful information for free.

Our seminar will be held very soon, so we want to remind you that you have little time to register, if you have not already done so. Our 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 novices and experienced traders.

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 only necessary to fill in the registration form on the site.

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

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Re: Superforex - superforex.com

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

Re: Superforex - superforex.com

SuperForex merchandise
Our design team worked hard and came up with a new piece of SuperForex merchandise exclusively for our partners.

If you are a SuperForex partner, this fashionable black T-shirt with collar and SuperForex branding could be yours - for free!

All you need to do to obtain it is reach a certain target. To learn more, simply get in touch with our Partnership Department - they will explain the process and also get your mailing information, so that the shirt can be shipped to you.

Our partners from all countries in Asia will also be able to receive their T-shirts at dedicated meetings with SuperForex company representatives.

You can contact the Partnership Department using the following methods: +65-3-1590282 (International format)
partners@superforex.com

Also you can find more merchandise products here: https://superforex.com/merchandise
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Oil Moving Towards Balance

With new developments in Saudi Arabia, the oil seems to be climbing up.
A lot has been going on with the commodity markets lately, so we decided that this week it’s high time we revisited one of the key topics on the financial markets – crude oil.
More information see here

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Markets Are in Decline
The British pound continues to fall.
After the announcement by the US Senate on the introduction of a tax reform in 2019, the stock markets have reacted in a slight decrease and stopped the 8-week dollar rally.
More information see here

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EUR/USD Technical Analysis
Today a number of macroeconomic indicators are going to be released, as well as a number of statements from heads and members of the central banks of Europe and the United States.
More information see here

https://superforex.com/additionalimages/14-11-2017/eur-usd-technical-analysis-141117-0.jpg

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Oil(CL/WTI): Review & Short-Term Forecast

Oil came under pressure due to new forecasts about global demand for crude oil which show balance on the market won't be achieved in the near future amid increasing extraction of shale oil in the USA.
More information see here

https://superforex.com/additionalimages/15-11-2017/oi-cl-wti-review-short-term-forecast-0.png

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AUD/USD Technical Analysis
Yesterday a lot of economic indicators were released in the US, which showed mixed dynamics, but in general, the reserve currency began to win back lost positions relative to the major currencies.
More information see here

https://superforex.com/additionalimages/16-11-2017/aud-usd-technical-analysis-161117-0.jpg

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USD/SEK: Fundamental Review

The uncertain future for the the tax reform in the USA negatively impacted the USD. There is no incentive for further growth.
More information see here

https://superforex.com/additionalimages/17-11-2017/usd-sek-fundamental-review-0.png