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SuperForex

on Wed Apr 19, 2017 11:57 am
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At SuperForex we offer you a wide range of trading instruments. By opening an account with us, you will be able to use more than 300 trading tools, such as currency pairs (including exotic pairs), CFDs on American shares, CFDs on precious metals, Oil, Futures on agriculture and world indices (Dow Jones, Nasdaq, DAX, Nikkei), among others. You can check the full list at our website https://superforex.com/trading-instruments

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Re: SuperForex

on Wed Apr 19, 2017 2:28 pm
EUR/SGD: fundamental review and forecast  


The rates of the EUR/SGD continue to be in the frames of the downward trend. It was expected that this week volatility on the market will decrease until announcement the results of the elections in France, but yesterday the UK's Prime Minister Teresa May announced about holding of early parliamentary elections. The market reacted positively and the Pound strengthened that had an impact on the value of the EUR. The decision about early elections is perceived positively because it can remove uncertainty on the question of the Brexit. Results of the  UK's elections, will show surely if they move towards the exit from the EU or, in case of victory the opponents of Brexit, will finally leave this question. Thus, investors expect from new Parliament clear political and economic course. The Singapore dollar was under the significant pressure since yesterday. Stable macroeconomic statistics were unable to change anything amid significant political events, which directly affect the future of the EU.
At the moment the oscillators Stochastics and MACD unanimous in the decision to open a short deals. After a significant price hike amid the news, the rates may continue in the frames of the downtrend. Now the rates consolidated and can go down. So, upon short term trading, the deals to SELL is the best solution. Upon  medium-term trading, it is better to wait few days before the election in France. Based on that results we can obtain absolutely new value of the Euro in case of victory of Marie Le Pen, otherwise it will be strengthened for some time.

Find more anaylytics reviews at https://superforex.com/analytics



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Re: SuperForex

on Fri Apr 21, 2017 3:13 pm
NZD/JPY: short market review and forecast

The NZD/JPY rates is in the frames of rapid downward trend. However, the new Zealand dollar had stopped falling and consolidated in the range 76,0 - 76,76 JPY. Yesterday it's been received important statistics related with 2 currencies. Economic statistics from New Zealand, positively impacted the NZD. The consumer price index grew in 2.2% year on year, exceeding forecasts. It is also the highest annual growth rate since 2011. For the 1st quarter of the year the index grew in 1%, slightly exceeding forecasted 0.8% level. At the moment, that was enough to stabilize the exchange rate of the NZD. In a week, the market expects new data about trade balance of New Zealand that may affect the value of the NZD.
On the other hand, the trade balance of Japan, already known, and taking into account seasonal fluctuations, amounted to only 0.17 T, although it was expected that this indicator will be 3 times more, and will be at 0.61. That's disappointed investors, although overall the economy of Japan is at good level. Volume of exports and imports grew, and exceeded predicted forecasted values. This also becomes the main growth factor of the Japanese economy in the future. Investors expect growth by 1% in 2017.
At this moment, the oscillators MACD, Stochastics, the RSI are neutral. It should be noted that since April 10, we can see formation of the flat  trend, thought at the moment, it is early to say about ending of the downtrend. There're no enough preconditions for that. You should pay attention to the points of entry 76.75 and 76.2 JPY. At the moment, upon medium-term trading, it is recommended to open the short deals on the trend.

Read more at  https://superforex.com/analytics

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Re: SuperForex

on Tue Apr 25, 2017 4:09 pm
NZD/USD: Short Review & Analysis  
Today we would look at the development of the exchange rate between the New Zealand and the American dollars. Previously the pair moved within the 0.6860-6990 frame, but we saw the pair take a bullish turn as it broke above 0.7000 and it even reached the important level of 0.7100. The bullish influence continued in full heat and new heights were reached at the levels of 0.7250-0.7350, which serves as the pair’s sell zone.
The NZD/USD then finally returned to a bearish movement and dropped to 0.6960. This proved to be a weak support, as the pair tends to return to the border of the buy zone 0.6860, where we started. After touching this level the pair began climbing back up from 0.6960.
As the pair seems to be oscillating between these levels, we have opportunities to both buy and sell it at important intervals. Watch out for the pair dropping and also for it rising to 0.7100. This still provides a lot of resistance and the NZD/USD has struggled to overcome it. If it does success, it will likely go up to 0.7250.
At the moment of the publication of this article the pair has retreated to 0.6956 and most indicators agree that this is a strong sell.

Read more reviews at https://superforex.com/analytics
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Re: SuperForex

on Wed Apr 26, 2017 2:40 pm
CAD/JPY: fundamental review and forecast  

While the Euro has strengthened sharply against the Japanese yen, showing a giant price hike from 116.8 JPY up to 121 JPY based on results of the 1st round of elections in France, while the yen is losing positions against most currencies because it is under the pressure, mainly due to the tense situation on the Korean Peninsula, the canadian dollar failed to take the initiative and the rates CAD/JPY continues in the frames of downward trend. Though it's strengthened a bit yesterday.
At the moment, the Canadian dollar is under the pressure of many factors, firstly because of the falling in oil prices. The price for black gold fell again, and fell below the psychological point in $ 50. Forecasts here aren't good for the CAD because the United States continues to increase oil production, and President D. Trump supporting it and trying to make conditions for energy companies easier for developing oil extraction on the continental territory in the U.S. and on the shelf. Also, the canadian dollar decreasing in value because D. Trump continues to demand revision of trade relations with its neighbors and contradictions between Canada and the United States becomes more and more serious.  
This week is full of important events, and the market will get a lot of macroeconomic statistics, which will affect the rates of CAD/JPY. Today, the market awaits important information about the volume of retail sales in Canada, conference of the President of the United States. Also, tomorrow we'll get the Report of the Bank of Japan about perspectives for Japanese economy, and on Friday we expect data about Canada's GDP, consumer price indices and volume of production in Japan. Therefore, this week, volatility may increase. Probably we can expect for further strengthening of JPY in the frames of current downtrend. The oscillators Stochastics and MACD unanimously indicate the good moment to open the deals to SELL, after the price correction, which occurred yesterday.

Read more reviews  at https://superforex.com/analytics

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Re: SuperForex

on Tue Jun 27, 2017 6:53 pm
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

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Re: SuperForex

on Thu Jun 29, 2017 7:05 pm
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 an 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 more comfortable and better 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.


Read here: https://superforex.com/profi-stp-account       
                                                                                                                                      
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Re: SuperForex

on Fri Jun 30, 2017 6:18 pm
The Euro on the Rise
 
The European currency seems to be on the rise, enjoying a positive economic outlook.
Here is something we didn’t think we’d be saying so soon: the euro is having a good time.
The currency of the European Union went through some serious hardship over the past decade – it suffered immensely in the global recession of 2008, the debt crisis in some EU countries such as Greece and Portugal, which eventually led to further internal conflicts and more trouble for Europe’s unity as the United Kingdom announced its intention to leave and the fear of losing more members spread as Italy and France held elections recently.
However, this bleak phase for the euro seems to be approaching an end. Despite small daily fluctuations, which occur naturally when there’s global activity on the financial markets, the euro was able to climb up and is currently in its strongest levels since 2011, according to Reuters.
Part of the reason why this is a little surprising is the fact that the European Central Bank, the EU’s organ for monetary policy, has been implementing a stimulus program to boost the European economy by encouraging inflation, something that logically decreases the value of the euro versus other major currencies. It has already been two years since the program began and investors as well as the ECB itself initially expected to continue with this approach for a few years. Nevertheless, recent data from the European Union shows the economy is doing quite well, which prompted ECB President Mario Draghi to show willingness to change the course of the current policy as early as September this year.
 
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Re: SuperForex

on Tue Jul 04, 2017 5:22 pm
EUR/USD Daily Analysis & Chart
 
A surprisingly stable euro is dominating the pair - we expect further bullishness.
 
Today we’d look into the EUR/USD trading instrument. The pair has had an interesting few months - 2017 began with widespread speculation that between the weakening euro and the strengthening dollar we’d meet in the middle and see perfect parity before the year’s end. However, this hasn’t been the case and lately we’ve seen the opposite, though in milder terms - a slight strengthening of the euro versus a somewhat weaker dollar.
 
Even though the euro lost some of its momentum over the weekend, our outlook for it remains positive. We might see some gains today as the markets in the United States are on a break for the Independence Day celebrations.
 
The euro is very close to the psychological level of 1.14. We have been getting data about the European economy that’s been consistently positive, including the most recent PMI report.


 

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Re: SuperForex

on Thu Jul 06, 2017 4:27 pm
We forecast new growth for the USD/JPY and good buy opportunities.


Today we direct our attention to the USD/JPY currency pair. Yesterday the USD/JPY showed significant progress and was quite active during the day, but it eventually failed to overcome the 113.60 level and retracted. Still, we believe the pair would likely continue to test its resistances and make space for further upward movement, as long as the pair keeps trading above the level of 113.


To predict future highs, we can reliably use the guidance of the nearby resistance levels for the USD/JPY - we have resistances at 113.19, 113.41, and 113.63. We believe that overcoming these resistance levels is the most likely course for the pair as it stands now.


Still, it’s good to be prepared for the alternative scenario as well. On the downside, we have several nearby support levels such as 112.75, 112.50, and 112. If the first support is breached, likely we’d see the pair play around the other two supports as well.


At this point the movements of the USD/JPY largely depend on trader sentiment and market behavior. The level of 114 stands before us as a psychological barrier, and if the pair is pushed beyond it, we can see it grow further up to 115 even.


As of the moment of this article’s publication the USD/JPY is trading around the first level of resistance at 113.19. Most technical indicators agree that the best course of action is a strong buy stance.



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A New Hope for the Pound

on Fri Jul 07, 2017 4:48 pm
The United Kingdom's currency seems to have finally slowed its descent - could it be ready to start recovering?


The future of the British currency became quite uncertain the weeks leading up to the Brexit vote last June, then slumped after the results came through. Now it seems that for the first time in 2017 investors are changing their views on the pound for the better. However, this pertains to the pound vs the dollar; where the euro is concerned, the situation is different.


This discrepancy could be easily explained. For one thing, investors expected a lot more from the US economy, mostly riding on Donald Trump’s promised goals as president, especially his vow to bring economic growth up to 3%. This is easier said than done, as we’ve seen. Lukewarm reports from the United States, as well as Trump’s general struggle to enact any kind of policy successfully have made investors lower their expectations. We’ve even seen the dollar drop against all major currencies in recent weeks.


The situation is pretty much the opposite with the eurozone. The European Central Bank is in the midst of a massive stimulus program to encourage healthy inflation and spending. Even though the expectation was to see it continue a bit longer, the program is already paying off and surprisingly good economic data from all around Europe has prompted the ECB to admit they may start phasing out the program before the year’s end and turn to a more hawkish policy on the euro. In addition, fears of further political unrest in the EU have been calmed by Macron’s victory in the French presidential elections in April. We still have to see what would happen in the German general elections this fall, but things seem promising for Angela Merkel. It was previously feared she might not gather enough support but after a successful equal marriage rights vote last week it seems likely that she would stay in power.

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Re: SuperForex

on Tue Jul 11, 2017 5:10 pm
GBP/USD Technical Overview


We predict a moderate volatility for the pair, with a bias in favor of the USD.


Today we would take a detailed look at the GBP/USD currency pair. It has been exhibiting bearish symptoms for a while now, failing to overcome the strong resistance region around 1.30.


The pound, of course, is still low. It dropped dramatically last year after the Brexit vote, and although its descent has slowed down, it’s still far away from its highs in 2015. Today we expect some news from the United Kingdom regarding interest rates (which the UK is expected to increase soon) and other issues pertaining to monetary policy. These could potentially give the GBP a long-awaited boost versus major currencies. Still, there is a lot of political uncertainty troubling the United Kingdom. The UK is in the first stages of Brexit negotiations with the European Union, a time that calls for strong leadership - but instead, British media are littered with speculation about the possible resignation of Theresa May. An inability to form a strong government with a well-supported Prime Minister would not bode well for the British pound.


On the other hand, last week produced some positive economic statistics about the United States, which gave the dollar a push. We’re also awaiting a new job openings report today, which is supposed to show a decrease from before. There will also be an important announcement by the Federal Reserve regarding interest rates (there are more increases expected, but their possible dates seem unpredictable to traders right now).


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AUD/CAD: Fundamental Review & Forecast

on Wed Jul 12, 2017 4:44 pm
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.

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Re: SuperForex

on Fri Jul 14, 2017 5:41 pm
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.



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Re: SuperForex

on Mon Jul 17, 2017 6:17 pm
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.

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Re: SuperForex

on Fri Jul 21, 2017 5:38 pm
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.

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Re: SuperForex

Yesterday at 6:16 pm
USD/JPY Technical Overview ahead of the Fed Rate

The USD/JPY pair returned back to the channel and we expect further lows.


Last week the US Dollar was weaker against most of the majors, especially since there were few economic calendar events from the USA and investors focused instead on Washington’s rising political tensions. However, this week is different and trading will depend on fundamentals with the release of consumer confidence, the Fed’s July rate statement, and the preliminary second quarter gross domestic product (GDP).


The USD/JPY currency pair returned back to the price channel again after breaking it upward. We took a buy position and our first target was at 114.32 - the prices already hit it and returned again, then the pair broke the moving average last Friday. It has a key support area at 110.23, 50 pips down. The MACD indicator gave us the sell signal after the columns appeared below the zero level. It’s expected that the Fed will keep the interest rate unchanged this month and won’t increase it, so we predict the pair will decline further.


The Next Few Days


After we saw the prices back inside the channel again we can sell the pair from the current levels at 110.75 and keep our first target at 110.23, with a second one at 108.34 at this year’s low. Nevertheless, if the prices return back to 112.00 again we will change our vision to be bullish.


This week is overwhelming with much hot news from the United States which hold the potential to cause high volatility on the market: the CB Consumer Confidence, the FOMC statement, and the GDP for the second quarter.





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