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  1. #191
    Superforex Official is offline Senior Member
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    EUR/SGD: review and forecast

    Strengthening of the Euro, which began since the 1st round of elections in France, continues now. Political risks for the EU has been decreased and future of the EU does not cause serious doubts among investors anymore. Good economic indicators in the Eurozone, allow the Euro to grow, against most of currencies including the SGD. So we can see that on the chart of the EUR/SGD was formed by the rapid upward trend which may continue in the future. The value of the Euro reached the price 1.5455 SGD which is the highest level for the last 12 months.This week, the Euro also strengthened significantly against the USD, reaching the highest for the 6 months level.

    Obtained data on GDP matched with expectations of investors, as well as recently received data about the consumer price index, so they continue to invest in Euro. At the same time, the Singapore dollar is losing value and can't find an incentive to strengthen. Received today data about Domestic Exports of Non Oil (NODX) in Singapore decreased to - 0.7 % yoy while investors were expecting for 12.4% growth considering that last month NODX volumes increased up to 16.5% yoy It should be noted that fall of exports, has been fixed for the first time in 6 months, so the market took it negatively.
    New upward trend will probably continue, but in the near future we can expect for price correction. Oscillators MACD, Stochastics, RSI, unanimously indicate a good moment to open the short deals against the trend. Though upon medium-term trading it is better to open the deals on the trend.

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  2. #192
    Superforex Official is offline Senior Member
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    SuperForex has reached 100 000 clients!
    Thank you for being part of the SuperForex trading family! Without you all of our hard work would be pointless because customers are the center of any successful business. We have had quite a good run so far and we thought you might want to hear about it.

    With our ever-expanding fan base, we recently hit an important milestone and now officially have over 100 000 customers. Our 100 000th customer, Mr. Ariwanto gave us a brief interview about his experience with us. He shared that he got into Forex trading about five years ago because he saw its vast potential for profit. Mr. Ariwanto’s favorite trading instrument is the EUR/USD pair. His best advice for other traders is that they should not be too greedy and aim for stable, consistent profits instead of sporadic, big ones. If he ever makes a million dollars from trading with SuperForex, he wishes to start a foundation for helping orphaned children.

    For being our lucky number 100 000, we have awarded Mr. Ariwanto with an account for management in our company. This account comes preloaded with a substantial deposit and our winner is free to trade from it as he sees fit; all profit is withdrawable. Our client will also get a subscription to our new Forex Copy service which would permit him to copy the trades of our most successful users.

    Here is Mr. Ariwanto meeting with Mr. Yoga, our official representative in Indonesia, to claim his reward.

    Trading Made Superb at www.superforex.com!

  3. #193
    Superforex Official is offline Senior Member
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    NZD/JPY: fundamental review and forecast

    Since the beginning of the year, the rates of the NZD/JPY continued in the frames of the rapid downtrend, however, the situation began to change and the current trend is under threat to change. On the chart has traced the new upward trend. It is too early to speak about the final change, but probability remains high. Both support line and resistance line have been removed. Though if the resistance line shifted in the downward direction, the support line has been reversed up.
    So, Why the trend has begun to change its direction? In the beginning of the month, the Japanese yen came under the pressure because of geopolitical tensions on the Korean Peninsula. The conflict at any moment could go to the active zone and Japan could be involved in this conflict. So, the yen has lost positions against most currencies. Amid the geopolitical risks for Japan, the new Zealand dollar has been supported by positive data about retail volume which rose in the 1st quarter of 2017 in 1.5% against the forecast of 0.9%. It was the sharpest increase in retail trade since the second quarter of 2016. In addition, the number of tourists in April, continues to grow, increasing by 20% year on year. Strengthening of the NZD also contributes by the rising commodity prices, including oil.
    Nevertheless, the Japanese yen managed to take the initiative again due to yesterday's data about the Japanese economy. Japan's GDP for the first quarter of 2017 increased by 0.5%, coinciding with the forecasts of investors, and in year on year increasing was 2.2%, against forecasted 1.7%. In addition, second month in a row, orders for machinery have increased, although investors expected more than actual + 1.4% growth.
    At the moment, the value of NZD consolidated in the range of 76.7 - 77.1 JPY. This levels are good entry points to the market. At the moment, the most optimal can be the deals to BUY, considering that today the market is expecting for the data about the milk price index. It will be published today and can support the NZD in the short term perspective. MACD, RSI oscillators confirm this and also signal a good moment for opening the deals to BUY. As for the medium-term trading, next week we'll get the data about the trade balance and export volumes - both from Japan and New Zealand. So, both currencies can get support and go up in price.


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