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Forex Copy System

 

SuperForex is happy to say that we have found a way to make your life easier. Rather than go to painstaking efforts to analyze, predict, and plan every single trade you make, we give you the Forex Copy service - a shortcut to success.

 

Forex Copy is a unique functionality that allows traders to subscribe to the trades of some of our most successful Forex masters, thereby making a profit using their strategies.

 

 

[Superforex]

AUD/CAD: Fundamental Review & Forecast

 

The CAD continues strengthening against the AUD. Investors expect an increase of the interest rate today.

 

The rates of the AUD/CAD continue in the frames of a downtrend. Last month the Canadian dollar successfully withstood the pressure due to low oil prices and strengthened against the Australian dollar. The Australian dollar continued decreasing even after the positive statistics about the trade balance, although this did support the AUD for a few days. Last week the RBA refused to raise the interest rate. Despite the positive economic data, the RBA supposes that the goals of its stimulus program haven't been achieved yet. In particular, the RBA is concerned about the situation on the labour market.

 

This week we do not expect important information about the AUD. The only thing that can have an impact on the value of the AUD is information about the Chinese economy. As for the CAD, we expect important information. In particular, this evening investors expect a decision from the Bank of Canada regarding raising the interest rate. Given the recent information about the PMI index and positive reports about the employment market, investors are sure that the Bank of Canada will raise the interest rate by 25 pips - up to 0.75%, for the first time since 2010. Thus, Canada will become the first country after the United States to tighten its monetary policy amid the good economic situation in the country. Another reason for the further strengthening of the CA, is a growth in oil prices, which have increased due to information about a reduction in the reserves of WTI crude oil by 2.1 million barrels for a week in the main oil storage reservoir of the United States. In addition, it was reported that OPEC can limit the volume of oil extraction in Nigeria and Libya, which were free from obligations to reduce the volume of oil production with the current agreement.

 

In this situation, the optimal decision is to open the deals on the trend. The Stochastic oscillator also gives a signal for short deals indicating the rates in the overbought zone.

[Superforex]

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

 

[Superforex]

Qatar Crisis Continues

 

Qatar is still under blockade by Saudi Arabia, the UAE, and two other countries. Can Qatar's economy weather this storm?

 

A few weeks ago we shed a little bit of light on the current diplomatic crisis in Qatar. It has been essentially blockaded by its neighbouring countries on the grounds of supposedly promoting terrorism and destabilizing the Middle East. This has made it slightly more complicated for Qatar to import and export goods, but as we learned from Qatar’s finance minister, there was no need to worry too much. Or is there?

 

The countries opposing Qatar are Saudi Arabia, the United Arab Emirates, Egypt, and Bahrain. They made a list of demands that aim at making Qatar work for better stability in the region. However, the blockaded state has refused to comply, stating that the demands may constitute a violation of international law, reports CNN. In retaliation, the four countries which cut ties with Qatar have showed a determination to step up their measures and increase pressure on Qatar, though the meaning of this is yet unclear.

 

Read more: https://superforex.com/analytics/qatar-crisis-continues

 

[Superforex]

EUR/JPY Technical Outlook before the Rate Decisions

The BOJ's policy rate will push the Yen to rise a little.

This week the markets are looking forward to the rate decisions of two important banks - the European Central Bank and the Bank of Japan. This will cause a huge volatility. We will take a look at the instrument most likely to be affected, the EUR/JPY currency pair, and hunt for good opportunities for this week.

The EUR/JPY pair recorded its highest levels in 17 months at 130.75 and then it bounced back to trade now at 129.00. It declined last week on the release front as the Eurozone Final CPI edged down to 1.3%, matching the forecast. On Tuesday Germany and the eurozone will release ZEW Economic Sentiments.

The pair broke an important support level at the moving average 50 and it’s trading now at an important key area at the upside trend line. We predict it will break the trend line and decline further but we have to wait to see where this candle will close exactly.

So, what can we do in the next hours?

As we mentioned above, we will wait for a candle close below the trend line below 128.70 and sell the pair, keeping our first target at 127.50 and the second one at 126.20; that's in case the pair breaks the second trend line.

This week we have to be careful in our trades because we have important events which will cause high volatility in the market such as a decision from the BOJ regading the policy rate and the press conference for Kuroda, as well as the minimum Bid Rate for the European Central Bank on Thursday.

[Superforex]

Swap-free account

 

Superforex tries to respect the cultural features of Islamic countries, in particular, the Sharia law, which prohibits Muslims to receive interest. In this regard, we have a special account for Muslims - our Swap-free account.

 

When making transactions using this trading account for any currency pair if the position extends past midnight the trader does not receive or lose any amount, regardless of the volume of the position.

 

You can check the specific amounts of the swap by browsing the list of trading instruments. To compensate for the lack of swaps, Islamic accounts work on a fixed commission, which is perfect for traders who tend to make long-term deals.

 

[Superforex]

USD/MXN: Fundamental Review & Forecast

 

The MXN has achieved its April 2016 level, while the USD is losing positions due to the failure of the health care reform.

 

The rates of the USD/MXN pair continue in the frames of the downtrend which has lasted for more than six months, when the Mexican peso fell as a result of the presidential elections in the USA and D. Trump's anti-immigration protectionist policies openly directed against Mexico. Despite several factors against the Mexican peso, such as perspectives for lowering oil prices and the worsened relations between the U.S. and Mexico, the peso managed to recover its lost positions.

 

This week the MXN reached the level from April 2016 amid the rising oil prices and the failure of the health care reform in the United States. This points to the inefficiency and weakness of Donald Trump's administration. The failure of the health care reform threatens the further policies of Donald Trump and decreases his popularity in the United States. The US dollar was also negatively impacted by the cautious rhetoric of Yellen about a further tightening the FED policy. Also, amid disappointing data about inflation and retail sales, investors began to doubt whether we would see a further increasing of the interest rate this year.

 

 

[Superforex]

SuperForex - Economic Calendar

 

Our Economic Calendar includes the most recent and significant economic events, figures, and facts that can influence the currency and financial market in general.

Watching events in the news line will allow you to see the nuances of the development of different economic situations, and will also give you an opportunity to catch the market reactions to each development.

We hope that our economic calendar will serve as a loyal assistant to each trader making decisions on the Forex market.

 

 

[Superforex]

The Euro Back to 2015 Highs

 

The euro continues to take on the USD in a confident bullish movement.

 

This week we turn our eyes to Europe once more. The economic climate in the European Union seems to be quite heated these days: many reports coming from all around the eurozone are flooding in, and investors are paying close attention to the euro, particularly in the context of the much weaker dollar we’ve been seeing these days.

 

Earlier today the European Central Bank’s Survey of Professional Forecasters was published. The survey, which is quite important to the ECB and whose results always figure into the decision-making process of the ECB, showed that while there is stable economic growth and a decrease in the unemployment rate, the inflation rate still remains relatively low. As we’ve mentioned before on our blog, the ECB is currently in the midst of a massive stimulus program whose goal is to boost inflation to a healthy level. It appears this level still hasn’t been achieved, despite investors’ hopes that the ECB might be satisfied with the current progress and start turning towards more hawkish policies.

 

Read more: https://superforex.com/ru/analytics/the-euro-back-to-2015-highs

 

[Superforex]

Easy Deposit Bonus
 

SuperForex offer a bonus to all traders that allows them to begin trading with a higher amount of funds. Now you can get 1000% of the amount of your deposit! This means that if you make a deposit of just $10, you will get a full $100 as a bonus, allowing you to trade much more at a very low cost. Once the bonus is credited, your deposit will be counted together with it as bonus funds.

 

To claim the Easy Deposit Bonus, follow the steps below:

 

1. Register a live trading account.

2. Verify your account.

3. Apply for the Easy Deposit Bonus

4. Make a deposit.

5. Enjoy the Easy Deposit Bonus!

 

 

[Superforex]

XAU/USD: Short Review and Forecast

The market has been extremely volatile the last few months. Investors are waiting for the results of the FED meeting. The GOLD has good chances to increase in price if the FED doesn't change the rate.

 

The Gold has been extremely volatile for the last few months. On the H4 chart we can see a large number of different micro trends that continually replace each other every month. This has created uncertainty on the market. Volatility is higher than ever: in just three months, the price varied in the range of 1216-1294 dollars. Overall, the trend looks flat, but with a huge range.

 

This week, the price achieved a monthly maximum, but decreased a bit because investors are awaiting the results from the Federal Reserve meeting held today. The Fed meeting will show if the interest rate is going to be increased or not. Investors suppose that interest rates are unlikely to be increased before December. Inflation in the United States was lower than expected for the fourth month in a row. Other economic indicators also do not impress the market. The Gold also has been rising in price due to the failure of the health care reform and the weakening of the USD.

 

Given that the Federal Reserve rate hike is unlikely in the near future, we expect a further increasing of Gold value, after the price correction. This also confirmed by the Stochastic oscillator, which indicates that the current rates are in the oversold zone. A further increase of the Gold's value will lead to the formation of a steady uptrend. Therefore, the deals to BUY can be considered as the most effective.

 

[Superforex]

Bitcoin Trading

 

SuperForex has introduced a new trading instrument for its customers – Bitcoin, the digital currency that continues to become more and more popular globally.

 

Now you can trade Bitcoin against the US Dollar 24/7 via the MetaTrader 4 – the trading platform we at SuperForex prefer.

 

Enjoy the freedom of trading with a fully licensed and regulated broker!

 

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Trade, invest, and make a profit in a safe environment.

 

The Bitcoin market is open 24 hours a day.

 

Benefit from our various depositing options and get a special bonus credited to your account.

 

Get live customer support – our dedicated team is available around the clock.

 

Start trading Bitcoin with us and take advantage of our bonus program and special offers designed for our newest members.

 

 

[Superforex]

How Healthcare Failed the Dollar

Amid the ruins of the Republicans' attempts to repeal and replace Obamacare, the USD is the true victim.

 

While we have been focusing on other regions in our most recent articles, one detail often popped up in our analysis: the fact that the American dollar has weakened. Why did that happen? That’s what we’ll try to find out today.

 

Now, if you take a look back to 2015 and 2016, you’d see the dollar overtaking most major currencies, making consistent gains as the US economy was doing splendidly. The USD experienced volatility around the 2016 Presidential elections, but after Trump’s win investors decided to back him up in hopes that his protectionist policies and focus on infrastructure would boost the economy. As a result, the dollar ended 2016 at record highs and at the turn of 2017 people were already talking of possible parity with the euro, with various temporal prognoses, most commonly by the year’s end.

 

However, we are now seven months into 2017 and six months into Trump’s presidency, and things are not looking good. Trump has failed repeatedly to find support for his policy-making, and save for his promise to revive the coal industry, he hasn’t achieved much from what was on his campaign’s agenda. Investors have been continuously changing their expectations of his presidency with every passing day, and have little to no confidence in him right now, since polls are showing massive losses in Trump’s popularity among American citizens. This led to a lack of confidence in the American dollar too; the USD has suffered losses, while safe-haven trading instruments such as gold have regained some of their popularity in recent times.

 

The most recent political fiasco of Trump’s administration is undoubtedly the failed healthcare reform. Republicans have been attempting to get rid of the Affordable Care Act (commonly known as Obamacare) even before it was enacted years ago. Now that they finally have the upper hand in the Senate, it is astonishing just how poorly this was handled. Republicans kept details about their reform secret; the President expressed support for the bill without having seen it, and later switched his position, calling it “mean.” After a series of failed votes (including from Republican senators), the massively unpopular bill failed. It was then replaced with a plan to simply repeal Obamacare and return things to the way they were. In light of this, however, an estimate of 15 million people would have been left without insurance next year, and even more in the future. Last night even the vote to repeal Obamacare failed.

[Superforex]

Earn more with the 120% Hot Bonus by SuperForex!

If you are an active trader on the Forex market and you are looking for additional sources of income, this offer will be right you. SuperForex has developed a unique offer for its customers. Every time you fund your trading account, you get the incredible opportunity to receive 120% bonus funds in your trading account.

In order to activate this bonus you just need to register a real trading account, then apply for the bonus and make a deposit.

[Superforex]

Profi STP Account

 

SuperForex has launched a special type of account for those who really want to tap into the full potential of Forex. This type of account is well-known to professional traders as the STP-account.
The main advantage of this account type is that your trading operations go directly to a liquidity provider by using an FX Bridge that allows you to get better, more comfortable conditions for trading.

Important conditions and advantages of the Profi-STP account:
Minimum deposit: $20 000 (or its equivalent in EUR)
Leverage from 1:1 to 1:200
All trading instruments available
Minimum trading lot: 0.2, with a step 0.1 lot
Stop out/margin call: 20%/50%
Variable spreads, from 20% on basic pairs
Unlimited trading using Expert Advisors
Please note that this account is not compatible with our Bonus program, i.e. you cannot apply for bonuses with this kind of account.
 

[Superforex]

CL/WTI: Short Review & Middle Term Forecast

 

After the depressed period we have an upward trend again and preconditions for further growth, given the long-term perspectives for increasing demand.

 

Between May and the end of June the market was depressed. Oil fell in price from $51 to $42. It seemed that the falling of oil prices is unstoppable. The oversupply of crude oil, the increase of oil extraction volumes even amid OPEC countries and the growth of oil reserves in the United States created a desperate situation, whereby market participants were unable to control the market and achieve a balance between demand and supply.

 

However, in July oil began to recover due to the reduction of oil stocks in the United States and the reduction of drilling activity. In addition, the oil recovered in price amid the long-term forecasts which show perspectives for growth in the demand for oil, although some analysts disagree with that. Nevertheless, given the recent data such as the index of business activity in China from Caixin, which marks the increasing of business activity, there are good preconditions for an increasing demand for raw materials in China. The decreasing in oil reserves in the United States will ease the pressure on the oil market for the next few months.

 

CL/WTI, H4

In the near future the market will focus on the upcoming OPEC meeting, which will take place on August 7-8. The volatility over the past few months has remained very high, but it's decreasing. We can expect for sure a continuation of the rates in the frames of the current uptrend. After the price correction, prices may recover to the level of 50-51 dollars. The Stochastic oscillator also indicates a good time to open the deals to BUY on the trend.

[Superforex]

No Intermediary Fees on Deposits

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.

 

For an unlimited period of time, we will cover in full or partially the intermediary fees charged by the payment systems when customers deposit funds with us.

 

Deposit fees are now covered for all payment systems. If you haven’t benefited from this option yet, open an account and enjoy trading with us.

 

You can find more information here: https://superforex.com/no-fees-on-deposit

 

[Superforex]

British Struggles

 

The fallout from Brexit is a deteriorating economic climate in the UK, and the British pound shows it.

 

Despite the unexpected strength of economic growth in Europe, the struggles of the United Kingdom continue. After the devastating losses incurred immediately before and after the Brexit referendum vote last summer and the disastrous elections results earlier this year, Britain and its currency still find themselves in a tight spot.

 

Yesterday we heard from the Bank of England, who this time announced that they are taking a more pessimistic prognosis of the UK’s economy and downgraded their forecasts for economic growth for 2017 and 2018 for the second time this summer. As a result, the British pound sterling suffered losses versus the American dollar of almost 1%.

 

The Bank of England’s stance is likely rooted in the disappointing wages. Since the pound slumped, goods imported to the United Kingdom naturally cost more for Brits, essentially driving their purchasing power lower. The BoE expects this problem to worsen in the future and is somewhat apprehensive regarding wage growth.

 

Bank of England governor Mark Carney expressed a concern for businesses who find it additionally difficult to invest amid the political struggle inside of the United Kingdom and the problematic negotiations with the European Union regarding Brexit.

 

The United Kingdom is currently lagging behind its European counterparts, and Carney expects an even slower economic growth. Needless to say, the bank chose not to increase interest rates yet, in hopes of stimulating the economy.

 

Despite the political discord within the United Kingdom due to Theresa May’s party failing to achieve a definitive majority in the preliminary parliamentary elections she called and the lack of strong British leadership that resulted from that, the UK has proceeded with the EU negotiations. However, even though negotiators have met several times now, not much has been decided, especially since the EU is putting pressure on the UK to meet its critical demands regarding immigration and payment.

 

Overall, the situation seems really unclear right now. British politicians are not helping much, as they provide contradictory statements from time to time, indicating the British government is not on the same page. The British pound has already dropped 13% since the Brexit vote, and due to the lack of proper leadership and the absence of clarity regarding the negotiations with the European Union we expect the GBP to continue its decrease versus major currencies.

[Superforex]

SuperForex 40% Welcome Bonus.

 

Thanks to this highly popular bonus you can easily increase your trading volume and realize a much better trading profit! Our 40% Welcome Bonus is all the motivation you need to register an account in our company. Take advantage of the possibility of risk-free trading with the ability to withdraw profits. Get 40% on your deposit in just a few simple steps! All you need to do is register a live trading account with us and submit the “Get the 40% Welcome Bonus” button from the Client's Cabinet. Start trading with us using the advanced MT4 trading platform!

 

 

[Superforex]

Deposit Insurance Program

With SuperForex you never have to worry about the safety of your deposits.

For maximum security during trading SuperForex offers its customers a Deposit Insurance service. By insuring your deposit with us you can be certain that you can always get it back, even if you make a losing deal.

With the Deposit Insurance Program customers can insure up to 100% of their deposit and recover it entirely after suffering a loss.
 

 

[Superforex]

NZD/USD: Fundamental Review & Forecast
 

The support line is moving down and the upward trend is weakening while the market is waiting for the RBNZ decision about the rate change and monetary policy.

 

Since May the rates of the NZD/USD had been in the frames of an upward trend which is based on the weakened U.S. dollar. Now the market is almost frozen while waiting for the RBNZ's interest rate decision and the monetary policy report of the Central Bank.

 

In the beginning of the month the NZD rate reached the level of May 2015, but then began decreasing to more reasonable levels because the value of the NZD seems overrated, given the worsening economic situation in the country and unconvincing economic statistics.

 

Overall, we can definitely say there is a lack of incentives for the NZD to strengthen. In addition, the RBNZ has repeatedly stated that they're not interested in a strong currency rate. Investors are confident that the RBNZ will leave interest rates unchanged. Therefore, the probability of a further decreasing of the NZD is very high. The only thing we can expect that can help the NZD to remain at the same high level would be a significant easing in the monetary policy of the RBNZ. We can even expect some price hikes during the period of news from the RBNZ tonight.

 

This is a rare case when we have to ignore all oscillators (Stochastic, MACD, RSI), which unanimously indicate a signal about the oversold zone and a good moment for the deals to BUY. Because of the given the fundamental factors, there is a high probability for a further decreasing of the NZD/USD rate to the level of 0.72 USD. The support line has already started to shift down, so the deals to SELL seem much more effective. Nevertheless, it is too early to speak about the trend reversal, but it's safe to talk about the weakening of the current uptrend.

[Superforex]

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.

 

 

[Superforex]

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.

[Superforex]

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.

 

 

[Superforex]

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.