SuperForex - superforex.com

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Mobile Trading from SuperForex

The SuperForex Mobile Platform is a unique mobile platform that allows traders to perform trading operations on the financial markets anywhere and anytime by accessing the trading terminal directly from their Android/iOS smartphone or tablet.

 

With our mobile platform it does not matter where you are - you can be at work, at home, on a vacation resort somewhere or stuck in a traffic jam on the way to a party - as long as you are with a smartphone or a tablet connected to the Internet, you will
always be able to trade on the Forex market.

 

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The US vs. North Korea

 

The markets are shaken amid the rising tensions between the United States and North Korea.

 

While this week has been more or less quiet in terms of actual economic events affecting the financial markets, it was quite the opposite in terms of politics: this week US President Donald Trump made several controversial comments that sparked a discussion on whether the United States would be going to war with North Korea.

 

Needless to say, such major fundamental events always have an effect on the markets. In this particular case it was Asian stocks (particularly in South Korea, which is dangerously close to a potential war zone) that dropped significantly – now they seem more insecure than ever, and investors are directing their attention to other safe-haven instruments such as gold, the Swiss franc, and the Japanese yen.

 

The currency of Korea, the won, also suffered losses against the dollar, dropping to its lowest this month as a result of the growing tensions in the region.

 

Australian markets are also somewhat affected, while the state of the markets in Japan is unclear since the country was celebrating a holiday and the market was not open. The American stock market also suffered amid the news, as did the stock markets in London, Paris, and Frankfurt.

 

So, what happened exactly?

 

North Korea, which has been more active in its testing of military weapons over the past few years, announced its intentions to fire missiles into Guam, which is officially a US-controlled territory. It is important to note that the Korean war never officially ended, so at least on paper relations between the United States and North Korea are not good.

 

In recent months tensions with North Korea came to light also because the communist state released a prisoner who was an American citizen, who reached the US in a terrible physical state. The young man showed signs of extensive brain damage; his condition was so bad that it completely baffled American doctors, and he soon died. This story rattled the West and caused people to speculate that North Korea is up to something.

 

Instead of addressing North Korea’s plans of attack through the accepted diplomatic channels, Trump took to Twitter to talk about retaliation, and then reaffirmed in an interview that he is ready to go to war if North Korea does attack any American territories.

 

This newly-added level of serious political insecurity rattled the global financial markets. The dollar marked new decreases against the yen. In addition, the yen is gaining on the USD due to issues with the American treasury and a possible default coming in the next two to three months.

 

Clearly this is a complex issue. So far neither country has attacked, but considering that President Trump and Supreme Leader Kim Jong-un have got to be the two most unpredictable leaders in the world right now, tensions are definitely growing steadily. Make sure you watch out for any related news and see how the markets are responding as more information is flowing in.

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GBP/AUD Technical Outlook & H4 Chart

 

The bears are back this week to make new lows.

 

After the GBP/AUD recorded its highest level this year at 1.7647 in May, it turned back to decline by more than 1350 pips and it’s trading now at 1.6480. Today the Australian Dollar rose in the beginning of the week because of the tension between North Korea and the United States, in addition to China's foreign ministry saying there is no future in a China-U.S. trade war and adding that issues of trade and North Korea are not connected. The ministry also said that China pays great attention to protecting its intellectual property rights and says the essence of U.S.-China trade is mutually beneficial and a win-win.

 

The GBP/AUD currency pair is trading inside a downside price channel which may lead the pair to new lows this week. The pair’s trading between support and resistance areas representative at the trend lines and it’s expected that the pair will break the downside trend line to decline further. The moving average is trading above the prices which supports the negative vision, while the Stochastic indicator hasn't shown us the sell signal yet.

 

The Next Few Days

 

After we learned the outlook for the pair is down, we can take sell positions at the resistance levels, which means we can take sell positions now at the current level 1.6480, sell again if it reaches 1.6560, and place a third sell position at 1.6640, keeping our target for all of them at 1.6310.

 

This week the market has some hot news from the UK like the Average Earnings Index and the retail sales. In addition, we expect the Monetary Policy Meeting Minutes for the Australian bank and the Unemployment Rate.

 

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Make deposits and withdrawals any way you like

 

All financial transactions made with us are safe, fast, and transparent. You can open accounts and deposit funds in: United States Dollar (USD), Euro (EUR), and Russian Rouble (RUB).

 

What's the main advantage?

Our deposits start from just $1. With us clients are free to choose their deposit. We put no restrictions on deposit amounts.

SuperForex does not charge any internal fees for deposits or withdrawals. We encourage our international clients to contact their banks regarding any fees they may charge for transferring funds, including currency conversion fees.

 

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EUR/SGD: Fundamental Review & Forecast

We have an extremely rapid upward trend but it seems like the peak has been reached.

 

It is difficult to imagine a more rapid upward trend than we can see on the EUR/SGD chart. The Euro strengthened against many currencies, but this did not lead to such a significant increase relative to another currency. At the moment it is likely that the price has reached a peak, especially amid disappointing statistics from the Eurozone. This week the market received data that indicates slower economic growth in the EU. Germany's GDP in the 2nd quarter amounted to only 0.8% yoy, while the market expected a GDP growth of 1.9%. The volumes of industrial manufacturing in the Eurozone fell in June by 0.6%, although this is in line with expectations. The eurozone's GDP is only 0.6% in Q2, which is also in line with the expectation of investors.

 

Thus, the Euro doesn't have enough stimulus for growth. The Singapore dollar gets the opportunity to consolidate at least at the current levels and prevent a further falling in price. During the last five months the SGD has changed in price from 1.4845 EUR up to EUR 1.602. It should be noted that the Singapore dollar is now at the level of November 2015. This is another reason why we say that the peak has been reached.

 

Next week the Singapore dollar can be supported due to the release of new statistics about industrial production volumes for July and the consumer prices index. The latest data on the economy of Singapore is showing a pretty good economic situation: retail sales in June grew by 1.9% and continue to grow for the fourth consecutive month.

 

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Merchandise

 

One of our chief goals at SuperForex is to provide our partners with as many attractive products as possible in order to make your business more convenient and help you reach potential clients in exciting new ways.

That is why our design team has prepared a line of branded merchandise which can help you continue your recruitment process even offline - in your office or at home - by surrounding yourself with a collection of practical SuperForex items.

T-shirts, mugs, notebooks, pens, you name it - we have it! Browse our merchandise to choose your favorite items.

 

 

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CAD/JPY: fundamental review and forecast
 

Positive economic data from Japan significantly impacted the rates. Seems like formation of the new upward trend.

 

The rates continue in the frames of the upward trend, but we can see on the chart formation of a weak downtrend. Formation of a new trend is based on the decreasing of oil prices and worsening of trade relations between the United States and Canada.

This week the Japanese yen continued to strengthen due to the positive data on the economy. The country's GDP unexpectedly grew in the 2nd quarter by 1%, while it was expected growth in just 0.6%. Such a growth is the most rapid growth in the Japan's economy since more than 2 years. we hadn't seen the same significant growth since the 1st quarter of 2015. In annual terms, GDP growth was +4%, exceeding forecasts in 1.5%. It should also be noted that Japan's GDP grew for the sixth quarter in a row. Consumer spending indicator increased by 0.9% in Q2, exceeding the expected level in almost 2 times. And the volume of industrial production in June rose by 2.2% amid expectations of 1.6%.

 

Thus, amid extremely positive statistics from Japan, it was very hard for canadian dollar to resist the yen. Strengthening of JPY would be even more rapid, but it was prevented by a factor of geopolitical tensions between the USA and North Korea, although the situation has been normalized to the usual level these week.

 

Today the market is waiting for information from Canada's index of consumer prices in July, but likely it's not necessary to expect for significant strengthening of the CAD, given that oil is decreasing again amid information about achieving of the maximum levels of shale oil extraction in the USA over the past 2 years. Crude oil stocks fell significantly this week, but the increase in oil production will lead to rapid recovery of oil reserves. In addition, analysts have lowered their forecasts about demand of oil in China. It should be noted that If China started a massive shift to electric transportation, in accordance with the global trend, it would negatively impact the demand for oil in this country in the future.

 

Oscillators MACD, Stochastics give contrary signals. In this situation, the most optimal would be to open the short deals upon medium term trading. For those who use short term strategies it's possible to open the deals to BUY, in accordance with Stochastics' signal making a profit on the price correction.

 

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Weekly Market Overview

An update on the Euro and the American dollar in light of recent events.

 

This week our gaze draws back to Europe. In our previous look at the euro we talked about how much it has strengthened this year, based on positive economic reports and favorable election outcomes. Let’s take a look at the situation in Europe now.

 

The euro has been the shining star of Forex trading this year, gaining a remarkable 11.5% on the USD so far in 2017. In recent weeks investors’ appetites towards the euro increased amid an expectation that the European Central Bank will change its monetary policy toward a less dovish approach that supports an even stronger euro. Some analysts have even suggested that we may see a parity between the EUR and the British pound in the coming months. However, ECB chief Mario Draghi has not given any real indication that he plans to cut the stimulus program anytime soon.

 

Now the euro is easing a little bit against the dollar as analysts prepare for the upcoming Jackson Hole conference on August 24-26, where Draghi will speak. The small drops in the price of the euro are likely a result of investors’ impatience regarding the ECB decision on monetary policy.

 

On Wednesday the euro dropped from its 2015 height level and went 2% down to 1.1691 USD and 1.13960 CHF.

 

Furthermore, the euro was able to gain on the dollar because of the political turmoil in the United States. Recent tensions with North Korea, as well as a neo-nazi attack both rattled the United States over the past two weeks. However, things seem to be cooling down with North Korea, and the US released some favorable data on retail sales (up by 0.6 in July) which helped the USD find a more solid ground. If the economy fares well and inflation increases, investors would again look to the dollar as an attractive trading instrument and expect the Federal Reserve to increase interest rates again.

 

However, economic data from the United States has fluctuated throughout 2017. Inflation and wage growth haven’t been at the expected levels, and the Federal Reserve has been extremely careful about adjusting its policies. This is why right now another rate hike is unlikely. Even if rates are increased in the coming months, analysts don’t expect multiple hikes, as was initially planned.

 

 

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SuperForex Money

SuperForex Money is a payment method developed by SuperForex. It is a really unique offer on the market which will additionally give you a 7% discount on each deposit. How can you get the discount? Simply use SuperForex Money! How does it work? You can purchase money prepaid cards with a face-value of $10, $50, $100, $500 and $1000. However, you can get them at a price 7% cheaper than the actual amount (e.g. cards with a face-value $100 can be purchased for $93).

Moreover, this is a great opportunity for you and your clients to avoid paying payment system fees.

 

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Have you ever dreamed about your own website for earning money? Now you can get it as a SuperForex partner.

 

SuperForex took into consideration the fact that not everyone owns a website. This is why we have prepared a ready-to-use partner website for partners like you. It has everything you need as a start plus sections you can freely modify by placing your own content. The ready website is particularly useful because the resources appearing on it will contain your affiliate code, recording all of your referrals. You can choose your affiliate site from a number of options that our design team has prepared.

 

 

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NZD/JPY: Short Review and Forecast
The downward trend was formed a month ago and continues amid positive economic news from Japan. The NZD is under the pressure of decreased prices for food and raw materials.

 

The rates of the NZD/JPY since the beginning of the month are in the frames of the downward trend formed just a month ago. Despite the recent positive data about economy of New Zealand, where we can see a Federal budget surplus by 1.5 billion NZD, the New Zealand currency fell against major currencies. At the same time, it should be noted that the NZD did not have enough incentives for growth amid the absence of news about the economy. In addition, the NZD was under the pressure of the decreased prices for raw materials and food, which reached annual minimums this week. The price for wheat fell from $560 down to $403. At the same time the JPY had many stimuli to strengthen.

 

The PMI index of business activity in August was 52.8 against the expected level of 52.3. The volume of imports and exports grew less than the expected - 16.3% versus 13.4%, respectively, and in the long term increased the pressure on the trade balance. However, in July the trade surplus in Japan narrowed by 17%, though it's 418 billion yen, exceeding the expectations of investors. A week earlier the yen strengthened due to the unexpected GDP growth by 1% and an increase in consumer spending which was almost twice higher than the market expectation. Therefore, the Japanese economy now looks better for investors.

 

Tomorrow the NZD may get a chance to strengthen, if new data about the trade balance of New Zealand pleases investors. At the moment, oscillators (MACD, Stochastics, RSI) unanimously point to the rates in the oversold zone. The deals to BUY would be the most effective in this situation. There's a possibility to make a profit on the expected price correction.

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Forex Copy System

 

Are you a trader who want to earn money but you don't have enough experience to begin to trade on Forex? Let’s say you’re amateur at the moment and you’ll need a lot of time to learn how to trade. You’re not sure now will you be successful or not. To be a professional trader you’ll need the years of practice to get necessary experience and develop your skills. We have an offer for you. Earn with Forex Copy right now!

 

 

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SuperForex Seminar
 

 

SuperForex cordially invites you to visit our upcoming trading seminar which will be held in Kuala Lumpur in October.

 

In order to make your trading as profitable as possible, you need to closely monitor any changes on the Forex market and to not be afraid to use new strategies that generate profit.

 

You will learn the latest information about new techniques, strategies, and various types of philosophies of Forex trading at our seminar. In addition to the training information at this event, you can learn more about the offers and promotions of SuperForex.

 

Speakers of the seminar are experts of the Forex market with many years of experience in trading.

 

If you want to become a participant of the seminar, please indicate your desire by contacting our support team in any way convenient for you.

 

Contacts of support department

 

phone +65-3-1590282 (International format)

 

email [email protected]

 

Everyone who visits our seminar will receive valuable gifts and would also be able to participate in the drawing of three prize certificates.

 

Thank you for your attention. We hope to see you at our seminar!

 

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No Spread acccount

The No Spread account gives you the unique advantage to trade without paying any spreads on the deals you open, regardless of the trading instruments used. It also allows you to accurately know the levels of input and output. In addition, you would be able to calculate in advance all of the costs that are not related to loss.

 

To get the No Spread Account, please ensure that you make a deposit of 1000 USD or EUR within 24 hours of registration.

Great news! We have decided to decrease the commission applied to No Spread accounts - it’s now up to 25% less than our regular rates.

 

 

 

 

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Micro Cent Account
 

Only about 10% of all Forex brokers offer cent accounts in one form or another. SuperForex is one of these brokers. Our Micro Cent Account will be very useful for beginners, as it allows you to trade with a real deposit that doesn't need to be very big. Cent accounts can be perceived as a transitional stage between demo accounts and standard accounts, which are the first step in real trading. There are no special requirements for opening a cent account. Micro Cent Account Description:

 

Accepted currency: USD and EUR

Maximum deposit: 100USD/EUR (10000 cents)

Compatable with bonuses: Welcome, Energy, Hot

Lot size: 10 000 cents

Maximum leverage: 1:1000

Unlimited EA trading: Allowed

 

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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.

 

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USD/SEK: Review & Forecast

 

The SEK achieved its level from November 2014 thanks to the weakened USD.

 

The steady downward trend continues, but at the moment the rates have consolidated in the range SEK 7.908 - 8.0. The market hasn't received any economic statistics or news from Sweden which would have affected the Swedish Krona, but the stable economic situation in the Eurozone isn't putting pressure on its value.

 

Since the end of August the rates have been influenced by the unstable political situation in the United States, the escalation of the conflict between the US and North Korea, and disappointing economic statistics in the United States. As a result, the value of the SEK has reached the level from November 2014, and the downward trend became more rapid. Falling to the minimum for many years began on August 25 when the FED Chairman Janet Yellen did not make any statements related with the country's monetary policy during the symposium in Jackson Hole, which confirmed investors' doubts of a further increase of the interest rate. Then the geopolitical factors, unemployment growth by 4.4%, a reduced volume of manufacturing production in July in 3.3% contrinuted to negatively affecting the USD value.

 

At the same time it is likely that the minimum has already been achieved and the current phase of consolidation can be the beginning of a flat trend. However, today the dollar can get some support from the release of new economic statistics: the market is waiting for the data on trade balance, and the PMI indices of business activity. Next week we also expect data about retail sales and consumer price indices.

 

At the moment volatility is very low. The MACD and RSI oscillators do not give us any signals for trading positions. In this situation it's necessary to pay attention to the entry points SEK 7,908 and 8.0, the achievement of which would indicate the completion of the consolidation phase. Now, the most effective course would be the deals to Buy in medium-term trading.

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SuperForex Contests

 

SuperForex invites you to try your hand at the most exciting competitions on the Forex market!

 

By taking part in our contests you can test various trading strategies, improve your skills and gain even more confidence. Our contests on demo accounts are perfect for experienced traders and beginners alike. At the same time, contests with real accounts are tests for experienced traders who are ready to show all their trading skills and take part in a real battle!

 

You can choose the contest from our list and register there.

 

 

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The North Korean Crisis

 

Tensions continue to rise as North Korea's Independence Day looms around the corner.

 

One could hardly go through this week without hearing about what is shaping up to be the biggest global issue right now: North Korea. The isolated communist state came under the spotlight three weeks ago when North Korea leader Kim Jong Un announced his intention to launch an attack on Guam, a territory under the jurisdiction of the United States. What ensued was a series of threats between Trump and Kim Jong Un, which led to a tense situation on the global financial markets. The stress began to ease off last week, but on Sunday the world awoke in chaos again, as North Korea performed a successful test of a hydrogen bomb in the ocean, which resulted in an earthquake felt in neighboring South Korea and Japan.

 

Even though there were no casualties, this strike was quite significant. For one thing, many countries had speculated that North Korea did not have the technology to successfully mount such a destructive bomb on a missile, nor to aim it properly. Since the country lives under a self-imposed isolation from the rest of the world, their development has been hampered by a lack of exchange of technologies. It has also been very difficult for the rest of the world to evaluate the readiness and conditions for war in North Korea due to the lack of information (or, rather, the state propaganda that is broadcast instead of information, which many suspect is inaccurate). However, this strike proved that North Korea is much farther ahead in its nuclear program than previously assumed – a power on which Kim Jong Un’s regime relies. The North Korean leader has repeatedly ignored the condemnation of the United Nations regarding his nuclear weapons – and from his perspective, as someone who faces many enemies and might have to protect his position with force, it makes sense that he wants to hold on to his weapons.

 

It is also important to add that while hydrogen bombs are not talked about as often as atomic ones, they are in fact more dangerous. The test that North Korea performed had five-six times the magnitude of what the USA used in the devastating World War II attacks on Hiroshima and Nagasaki in Japan. If North Korea does have the means to send these missiles across the globe to attack North America, the destruction will be unprecedented.

 

To try to mitigate the crisis before the irreversible occurs, the United Nations again spoke about sanctions against North Korea. The United States, arguably the loudest voice in the argument, has suggested a ban on exporting oil to North Korea. Without fuel, the country would definitely be forced to reconsider its policies, but it might also cause a serious economic crisis in the country where the living standard is already reportedly poor enough.

 

Even if an oil embargo could success in theory, we might not see it in practice. North Korea trades with two countries: Russia and China, both of which are members of the UN Security Council and could veto the embargo. Even though both have spoken against North Korea’s recent actions, it is unlikely that they would support anything too harsh. China, in particular, does not wish to lose its position of importance in North Korea. Russia too is protecting its interests by supporting the claim that an oil embargo will endanger the civilian population more than it would neutralize the military program of North Korea. The United Nations Security Council is yet to vote on any measures against North Korea.

 

Meanwhile, amid the geopolitical tensions we saw the financial markets in disarray. Stocks moved up and down, as did currencies. The dollar lost some of its positions against major currencies, and the EUR/USD was able to pass the psychological threshold at $1.20. We should note, however, that the American dollar also suffered for other reasons – the destruction caused by hurricane Harvey hasn’t been fully documented yet, and the US southern coast is again in danger of another hurricane, Irma.

 

The big winner this week has without a doubt been the gold, which reached its highest level in a year. As a safe haven asset, gold is attractive to traders who find other instrument too insecure at the moment. Now the markets are holding their breath as tomorrow North Korea celebrates its independence and there might be another attack to “commemorate” the day. As long as the tensions continue, we are likely to see this trend stick around.

 

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SuperForex Seminar in Kuala Lumpur

SuperForex cordially invites you to attend the Forex Trading Seminar which will be held on October 28, 2017 at the Arenaa Star Hotel, Kuala Lumpur, Malaysia.

Our event is specifically designed for traders and is part of our effort to provide the best technical and fundamental program to the advantage of the participants of the entire Forex market.

What would you learn at this seminar?

At the event we would present the latest information about new techniques, strategies, risk management, and various types of philosophies of Forex trading. In addition to the training information at this event, you can learn more about the unique offers and promotions of SuperForex.

We invite you to join us and gain new knowledge and useful information entirely free of charge!

Speakers of the seminar are experts of the Forex market with many years of experience in trading.

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 - Final Lottery

We would be greatly honored if you choose to come to this seminar. Participation in the seminar is free - it is only necessary to fill in the registration form on the site.