ECN Accounts:Trade like a professional

We want to offer you new types of accounts for professional currency trading. ECN accounts allow you to display trading operations directly on the Forex exchange, bypassing the intermediary banks. Therefore, all market participants can interact with each other without intermediaries and requotes. Thanks to our ECN accounts, your execution requests will be processed instantly.

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Technical recession for U.S. economy – July 2022 Overview

A technical recession is on its way in the United States, according to the GDP declining for two quarters straight. The dollar is under pressure after a 75-point rate hike on July 27.

The EU's economic health deteriorated rapidly, with the Euro reaching parity against the dollar in July. The general economic sentiment in Germany fell from 7 to 3.5 points in July, with inflation at its highest.

Despite this, oil fell below $100 in July, but gas costs in Europe are presently more than $2,000 as a result of shortages in supply; The prospects for price hikes are extremely good as we get closer to the resource peak season

Musk's acquisition of Twitter fell through. Elon Musk and the social media owners are set to face off in court over his refusal to accept the purchase offer.

Philips shares are at their lowest level in 9 years as a result of declining revenues. The shares have already shed 46% of their value for the year.

[CENTER]Technical Analysis EUR/USD[/CENTER]

Today we will discuss EUR/USD,  analysis, see the full video below

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[CENTER]Forex Education for Beginners

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When you first stumble upon Forex trading, you might be overwhelmed by all of the different types of charts, indicators, strategies, and even the sheer amount of trading instruments available. The Forex world is indeed wide and complicated.

We recommend that all beginner traders start with our series of educational videos about Forex trading. Our video series make the best starting point because they are short yet informational. In just a few minutes per day, you can gain a good grasp on a variety of topics related to trading.

For more detail superforex here

[CENTER]Scary discounts on Halloween with SuperForex

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Halloween is just around the corner and SuperForex has a special treat for you!

From October 21st to November 1st, all SuperForex traders can enjoy scary spreads and commissions discounts on popular trading instruments:

• NAS100 - 50%

• BTCUSD -75%

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• STOX50 -60%

• #TSLA -50%

• #PEP - PepsiCo Inc -50%

The promo period applies to all ECN and STP accounts except for non-spread ones.

We hope our clients will use this opportunity to boost their profits during one of the busiest times of the year.

Happy Haunting!

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[CENTER]Trade the Most Popular Instruments

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Enjoy trading currencies, stocks, indices, energies, and other instruments on the financial markets. Open a trading account to never miss profitable opportunities.

Open a position with EUR/USD, Gold, Crude Oil, NAS100, TSLA and 300+ other trading instruments

Choose your instrument and start to trade

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[CENTER]EUR/CAD: fundamental review & forecast

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What we see on the chart is most likely a continuation of the downtrend, after a period of price correction. Recall that 2 months ago, after reaching the historical minimum, the quotes turned up, and the upward movement was confidently maintained throughout all 60 days. The Canadian dollar was under pressure in September due to the fall in oil prices, high inflation, and being a commodity asset. Investors avoided the currency amid the recession in the global economy. The Bank of Canada also disappointed investors when, at its last meeting, it raised the rate by 50 pips while an increase of 75 pips was expected.

The ECB, in turn, on the contrary, begins to actively raise the rate, having been one of the last to join this rally. Thus, the euro is getting stronger, although this is not enough to win against the USD. The situation with the Canadian dollar is more promising for the euro, but since oil prices are rising, it will be difficult to beat CAD. Already today we see a stop in growth and a resumption of the downward movement. The euro needs strong incentives in the form of signs of the end of the confrontation with Russia and the lifting of sanctions, for example, but there are no indications that this will happen anytime soon.

Next week, the focus is on business activity in China, and the growth of business activity will stimulate demand for risky assets. The report of China's GDP in the 3rd quarter above forecasts was published earlier, and as a result, oil prices have risen and are approaching the $ 90 mark. The focus will also be on many reports in the Eurozone, such as unemployment, business activity, inflation, GDP. Given the circumstances, there is every reason to expect these reports to be disappointing.

Most of the technical analysis tools show a signal for sales in the near future. We believe that this is a reasonable decision because the economy in Canada is in a better position. Therefore, our choice today is to buy the Canadian dollar, but sell the euro.

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EUR/USD Review and Forecast

Today we will discuss EUR/USD review and forecast, see the full video below

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EUR/AUD Technical Overview

Seeking another opportunity to purchase the Australian Dollar.

On the EUR/AUD chart this descending trend channel scenario is too attractive to ignore.

The 1.5600 significant psychological level, which may signal the end of the downturn, is the target of the pair's upcoming challenge of the channel resistance.

Around the upward hurdles indicated by the Fibonacci retracement tool, a brief dip may already trigger selling pressure.

Particularly, the 50% level may already be limiting progress at the important mid-channel area. This coincides with the 200 SMA dynamic inflection point, which strengthens its effectiveness as a ceiling.

The fact that the 100 SMA has already dipped below the 200 SMA indicates that the selloff is more likely to continue than to stop. At the same time, Stochastic is descending, suggesting that once negative pressure resumes, EUR/AUD may follow suit.

If that occurs, keep an eye out for a test of the channel bottom or the swing low near the 1.5250 level!

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[CENTER]Economic Result 2022

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At the beginning of 2022, the main expectations were related to overcoming the coronavirus restrictions and restoring the global economy. However, the year brought a number of unpleasant surprises.

Today, we will list the key moments of the past year. It is too early to make predictions, but it is obvious that significant changes await the world. The global economy will never return to 2019 or 2021.

• In 2022, Russia invaded Ukraine, causing extreme volatility in the stock markets. As a result, a huge number of sanctions were adopted against Russia, leading to record-high inflation in the United States, Europe and other countries of the world.

• Due to disruptions in grain supplies from Ukraine, fears of world famine arose. As a result, wheat prices rose by 38.6%, but then decreased once the situation stabilized. Oil rose to $125 per barrel; however, it dropped to $70 at the end of the year.

• The US and EU military-industrial complex has received billions in orders, making investments in such companies the most profitable. In particular, Lockheed Martin shares grew by 25.6% over 10 months, BAE Systems shares – by 34.2%.

• In 2022, we saw a rally in interest rates in key countries, often resulting in an increase of 75-100 points at once – an unprecedented phenomenon. This was the result of the fight against inflation and further exacerbates the recession in the global economy.

• For the first time since its inception, the euro has become cheaper than the dollar. Quotes fell to 0.9550, which made it possible to talk about the irreversible consequences of the military conflict for the European economy. However, later the situation stabilized against the background of a weakening US dollar.

• The bankruptcy of the FTX exchange caused panic and a collapse in all cryptocurrencies, and a multiple increase in electricity prices made mining unprofitable. As a result, there were even predictions about the complete depreciation of cryptocurrencies, since their value is not supported by anything tangible.

What will 2023 be like? Time will tell.

We hope the above facts will help you choose the best trading strategy and earn money, no matter what.

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Sliver vs US Dollar (XAG/USD) Technical Analysis

There any silver bears around?

The daily time frame shows that this precious metal is hanging out at the very top of its declining channel, which suggests that the long-term drop will soon continue.

Given that the oscillator has already begun to decline from the overbought zone, stochastic is in favor of a selloff. Before it reaches the oversold region, it has lots of space to travel south, therefore the commodity price may do the same.

As silver is making higher highs while Stochastic is making lower highs, I'm also noticing some bearish divergence.

Moving averages appear to be preparing for a bullish crossing, though, since the distance between the 100 SMA and 200 SMA has drastically shrunk.

If that occurs, more buyers may be attracted, and silver may try to break through the channel top. If you're expecting to see a reversal, you'd better keep a look out for breakout candlesticks above the $24 level!

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Forex Education for Beginners

When you first stumble upon Forex trading, you might be overwhelmed by all of the different types of charts, indicators, strategies, and even the sheer amount of trading instruments available. The Forex world is indeed wide and complicated.

We recommend that all beginner traders start with our series of educational videos about Forex trading. Our video series make the best starting point because they are short yet informational. In just a few minutes per day, you can gain a good grasp on a variety of topics related to trading.

For more detail superforex here