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Super Forex

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  1. 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
  2. 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.
  3. 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.
  4. 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.
  5. Exchanger Partnership If you dabble in the business of exchanging currency online, we have great news for you: you can make substantial extra profit on the side by becoming a SuperForex partner. What’s in it for you: Get up to 75% on the spread - the highest commission on the market; A free exchanger website complete with all kinds of web resources such as banners, APIs, informers, etc. from SuperForex; Full partner statistics and customizeable affiliate links in the Partner’s cabinet. All you need to do in return is to refer clients to us by using our wide set of online and offline promo materials. Learn more at https://superforex.com/Exchanger
  6. 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
  7. NZD/JPY: fundamental review and forecast On the NZD/JPY chart, we can see upward trend which had been formed just a month ago. Now it is becoming more intense. Especially, the Japanese yen lost in value today when the Bank of Japan revealed that they will not to change its monetary policy, keeping the stimulus program unchanged. The Bank of Japan also stated that won't raise interest rates in the foreseeable future. Although it has the reasons for the rate change and tightening of monetary policy considering that GDP growth for five consecutive quarters, good situation in labor market, despite the weak wage growth. But the Bank of Japan stated that they are not interested in strengthening of the yen because the weak yen will have a positive impact on the economy and unemployment level. The new Zealand dollar managed to strengthen against the yen weakening. Although this week was received contradictory statistics affecting the NZD value: GDP growth was weaker than expected in both quarterly and YoY, achieving +0.5% and +2.5%, respectively. But the index of business activity PMI exceeded expectations and amounted 58.5, which is the highest level since January 2016. Also, contributed the rapid strengthening of the NZD impressive data on the employment market in Australia, which is the main trading partner of New Zealand: unemployment rate in may was 5.5% against expected 5.7% and indicator of the "Level of change in employment” was 47K in May which is in 4.7 times more than expected. Thus, strengthening of the NZD has led to the breaking and moving of the resistance line. Oscillators MACD, Stochastics, RSI unanimously indicate that the rates are in the overbought zone at the moment. So, probability of a price correction in the near future is very high. We can only agree with that because the short deals seems would be the most effective at the moment.
  8. 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.
  9. Charge your trades with our 60% Energy Bonus! SuperForex has prepared a special offer for its most active users. All that you need to do is apply for our Energy Bonus and recharge your account. Every time you make a deposit to your account you will receive a 60% bonus - regardless of the amount of the deposit. To get the 60% Energy Bonus you need to open a live trading account and subscribe for the bonus from your Client's Cabinet. Read more via this link https://superforex.com/id/energy-bonus
  10. 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
  11. 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.
  12. 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
  13. NZD/USD: fundamental review and forecast Starting from May 2017, the downward trend has been changed by rapid upward trend. The New Zealand dollar reached the highest level 0.72 USD over the last 3 months and continues to go up. The main reason for the rapid growth is a weak dollar, which continues to be under the pressure due to investigations about influence of Russia on elections in the United States. In particular, this Thursday, the former head of the FBI, James Comey, will be reporting in Thursday for the Committee of the U.S. Congress. Investors fear it can impact negatively on the administration of D. Trump , as well as D. Trump. This is why the dollar loses in value against all currencies. But not only the weakening of the dollar affected the rate of NZD/USD. Also impacted received statistics about economy's most important trading partner of New Zealand - Australia. This week, the reserve Bank of Australia left interest rates unchanged and predicts economic growth for the next few years. Meanwhile, GDP data for Australia, has pleased investors: growth amounted to 0.3% in Q1 2017, while the market expected growth to 0.2%. Also, business inventories in Australia increased by 1.2 % in Q1 2017, exceeding market expectations of 0.5% growth. This is the strongest growth since 2012. The MACD indicates a good time for short deals. The RSI confirms this, pointing out that the rates are in the overbought zone, and high probability of a price correction. But considering fundamental factors upon medium-term trading, it is better to open the deals on the trend. Peak growth has not been achieved yet, and expected for the next week data about volumes of retail sales and GDP of New Zealand, may support the NZD.
  14. 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
  15. 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.