SuperForex company news

Discussion in 'General Investing Discussion' started by Super Forex, Sep 12, 2016.

  1. Super Forex

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    Recent Developments with Oil



    The latest events in the US, OPEC, and China have helped stabilize the oil market, but where is it really going?

    To anyone interested in the financial markets it is hardly a secret that crude oil has been really far away from its usual glamour over the past few years. What started off as competition between the OPEC states (chiefly led by Saudi Arabia) and the United States exacerbated and led to a dramatically oversupplied oil market, bringing prices down to record lows. Now, more than two years later, is oil finally recovering?

    First off, if we look to the United States, generally speaking, they have consistently increased their oil extraction activities. Thanks to shale oil, the US is able to extract oil in a cost-effective manner that allows them to make a profit even at low oil prices. This is why throughout the oil crisis the United States remained undeterred and kept up with their schedule as if nothing out of the ordinary is going on. Towards the end of this summer, however, the US was forced to put some of its activities on hold due to a series of natural disasters along its coastlines, which caused huge damages and disrupted the work of oil extraction facilities. This allowed the markets to ease off somewhat, but there was no reason to assume that the United States would decrease their oil production anytime soon.

    On the other hand, last year OPEC member states managed to agree to start cutting their oil production in order to fight the oversupply on the market. With an unbelievably committed compliance with the agreement of up to 90% OPEC managed to decrease their exports and gradually bring oil prices up past the psychological level of $50 per barrel. They were also helped by non-OPEC countries like Russia who willingly joined the reduction effort in order to stabilize the oil market. Investors perked up recently amid news both from OPEC and Russia that everyone is willing to continue with this approach into 2018 in an attempt to restore the market to how it used to be.

    Nevertheless, yesterday data on the US oil reserves was released which showed a decline in the number of barrels available. This allowed oil prices to climb up to $51.01 (WTI) and $56.58 (Brent).

    In addition, China entered into play again. At the beginning of the oil crisis, China (the biggest oil importer in the world) was quite important – due to its slowing economic growth, it simply didn’t demand as much oil as before, so it left the market oversupplied. Now China has started buying oil again, though according to reports, it is not consumer demand, but rather to fill its security reserves. Still, this helped ease the market further.

    Another important factor for the oil market right now is the Iran deal. It has to be renewed every 90 days and it’s widely expected that Donald Trump would not renew it this week. If he does not renew it, US Congress has two more months to decide on sanctions for Iran, which could block some of the oil supply coming from there. If this happens, supply will decrease and oil prices will move up.

    According to the International Energy Agency, 2018 would generally shape to be a balanced year for oil. They report steady increases in demand, which would lead to a healthier oil market, provided the current production levels are met. However, this means that OPEC would need to extend its agreement on production cuts past March 2018, when it is set to expire. If a new agreement is reached and we do not see massive natural disasters, then next year we could finally see the oil market recover.
  2. Super Forex

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    USD/SEK: Review & Forecast



    There is no news from Sweden, so the USD/SEK rate is depending on the situation in the USA. Investors are focused on news about choosing a new FED Head.

    Over the last month the situation for the USD/SEK currency pair has not changed. The rates continue in the frames of a downward trend with signs of consolidation. The range of the consolidation phase at the moment is 8.0249-8.1862 SEK.

    This week the rates were under the influence of the situation in the United States. The U.S. dollar strengthened against most currencies amid the unstable political situation in the EU. Investors are focusing on the appointment of a new head of the Federal Reserve. This week it was reported that Donald Trump would like to see a supporter of tight monetary policy fill the position of Fed Head. On Monday he met with one of the candidates for the post, John Taylor, who was in favor of active interest rate increase and the achievement of a level three times the current one. Donald Trump was pleased with the meeting, but at the moment it is unknown who will finally be chosen in February 2018. Investors are expecting Trump's decision by November 3.

    In any case, the current head of the Federal Reserve, Janet Yellen, also expressed there is a high probability of a rate hike despite the low inflation indicator. She said that the U.S. economy is currently strong enough and the good situation on the labour market allows for an increase in the interest rate in the near future.

    The Stochastics oscillator signals reaching the overbought zone and the probability of a price correction in the near future, which allows us to make a profit with short deals. Nevertheless, it should be noted that the USD has the potential for further strengthening in the medium term perspectives. Therefore, pay attention to the point of entry 8.1862 SEK, which may indicate not only the completion of the consolidation phase, but also the trend reversal in favor of USD. On the other hand, the achievement of the level 8.0249 SEK confirms the continuation of the current downtrend.

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  3. Super Forex

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    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.


    Learn more at https://superforex.com/no-deposit-bonus

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  4. Super Forex

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    NZD/USD: Fundamental Review & Forecast

    Speculations around the Federal Reserve and positive statistics support the USD. The NZD continues to fall.

    The rates continue in the frames of a downtrend. The New Zealand dollar still cannot find enough incentives for strengthening and a trend reversal in its favor. The situation may change if the RBNZ makes a decision to raise interest rates at their next meeting which will be held on November 8. There are reasons for the increase, such as inflation growth in Q3 to 1.9%, which not only exceeds the expectations of investors, but also exceeds the forecast of the RBNZ. Given that at the moment the interest rate is at a historic minimum and has not changed for a long time, the RBNZ may revise the rate at their next meeting, although it had previously planned to do that in 2019.



    This week the rates were influenced by speculations about who would be the new head of the Federal Reserve. Initially, it was predicted that Donald Trump wants to choose a supporter of tight monetary policy, but the latest information on the market is that the biggest chances are currently for a supporter of less “hawkish” policy, Jerome Powell. The U.S economic statistics were positive enough: the manufacturing PMI for the state of New York in October jumped to 30.2 points. The index of business activity from Philadelphia's FED also unexpectedly increased in September. There was also positive data on the labor market. All of this has led to the dollar's strengthening against the NZD.

    After the publication of the recent data about inflation in New Zealand, the NZD managed to strengthen a bit against the dollar, but then the rates went down due to positive economic data and the speculation around the FED in the USA. Nevertheless, now the NZD has all chances to strengthen in the near future. Oscillators (Stochastics, MACD, RSI) unanimously point to the rates in the oversold zone, suggesting the expediency of opening the deals to buy against the trend to make a profit based on the price correction.


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  5. Super Forex

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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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  6. Super Forex

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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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  7. Super Forex

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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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  8. Super Forex

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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.
  9. Super Forex

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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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  10. Super Forex

    Super Forex Member

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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
  11. Super Forex

    Super Forex Member

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  12. Super Forex

    Super Forex Member

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    SuperForex Seminar




    On October 28, 2017 SuperForex organized a dynamic trading seminar in Kuala Lumpur, Malaysia. This special event was aimed at providing new insights into the Forex market for our traders and helping them find new, better ways to be profitable.



    It was, in fact, quite a busy day in terms of trading tips and advice, thanks to our noted guest speakers.

    This particular seminar was attended by more than 70 eager traders and Forex professionals. As always, we prepared a number of prizes for our loyal customers - we held a raffle at the end of the seminar where four certificates were awarded, of a total value of $1500.



    You can see some of the most memorable moments from the seminar on our website.



    We would like to thank everyone who managed to come and join us at this seminar. We sincerely hope you had a great day of learning and networking, and went home with new inspiration for even more ambitious, more successful trades!



    Remember to follow our media outlets to learn about our upcoming events. We would love to see you there!



    Best,

    SuperForex



    Visit our website: https://superforex.com

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  13. Super Forex

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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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  14. Super Forex

    Super Forex Member

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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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  15. Super Forex

    Super Forex Member

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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
  16. Super Forex

    Super Forex Member

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    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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  17. Super Forex

    Super Forex Member

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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
  18. Super Forex

    Super Forex Member

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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
  19. Super Forex

    Super Forex Member

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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

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  20. Super Forex

    Super Forex Member

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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
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    Last edited: Nov 15, 2017

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