Superforex CSR Charity Event Panti Tuna Grahita Belaian Kasih 
 
On Saturday, June 3 2017, Superforex conducted a charity event in accordance with its Corporate Social Responsibility (CSR) policy in Panti Tuna Grahita Belaian Kasih in West Jakarta. The event was organized by our official representative in Indonesia, Carolin.
Panti Tuna Grahita Belaian Kasih is a government-run and funded institution that takes care of people with impaired mental abilities. There are about 250 people taken care of in this institution, with a more or less even representation of men and women. The people in this institution are quite diverse, with an age range of 17 to 40 years old. Panti Tuna Grahita Belaian Kasih also accepts babies and children when the occasion arises. Unfortunately, sometimes children who are born with a lower mental capacity are abandoned by their parents and would be left living on the streets if it were not for such charities.
In Panti Tuna Grahita Belaian Kasih, great care is taken to separate the female from the male residents. The caretakers are also of the same genders as the people they look after, for the residents’ comfort. The caretakers are only there to help as the people are encouraged to be independent according to their capability. They are also taught to be cooperative and help each other where the more able ones are to help the less so.
The special charity event got a good response from the people in the institution. We would like to thank Carolin for her help and kindness in planning and participating in this event.
Superforex is going to conduct more similar events in the future. Please stay up-to-date with the information about the upcoming Superforex CSR events so that you can participate in helping others. See you at our next initiative!
You can contact with us via one of the listed contacts https://superforex.com/contacts-information
 

AUD/CAD: review and forecast 
 
Сanadian dollar, is under intense pressure due to falling in oil prices. The rates of CL drops and can not find a base to stabilize. At the moment the price of a barrel of oil CL/WTI costs $ 45.39. Such a low level of prices had been reached only once, this year. After positive GDP data in Canada, at the beginning of the month, there were many factors that had a negative impact on the Canadian dollar. In addition to falling of oil prices, the market  also dissapointed with statistics about reduction in the number of building permits by 0.2%, while investors expected in April increasing by 2.4%. Also it has been known about reduction of business activity index in Canada (PMI) to 53.8 against expected 62. A month earlier, the index reached a level of 62.4.
Given the multiple factors against CAD it is not difficult to assume that the upward trend of AUD/CAD continues. But the Australian dollar deserved to grow even despite the weakening of the Canadian dollar. This week, there were data about GDP for the first quarter of 2017: it has grown to 0.3 percent, slightly exceeding the forecast; yoy GDP growth is more impressive - 1.7% vs. expected growth to 1.5%. The reserve Bank of Australia left interest rates unchanged and indicated further economic growth in the next few years.Situation with trading partners of Australia also in favour of Australia. Recently received statistics about China showed growth in exports and imports by 8.7% and 14.8%, significantly exceeding forecasts. In particular, the volume of iron ore imports in May increased by 11%. Also, increased imports of aluminium and copper.
Oscillators indicate different signals. Stochastic signalized the beginning of a price correction and a good time for opening the deals against the trend. Upon  short-term trading, such deals may be rather effective. Especially given that today we expect data about the change in employment for Canada which can support CAD. But there are no enough preconditions for a trend change. So, upon medium-term trading, it is better to trust the MACD oscillator and open the deals to BUY.

Special gathering in Malaysia 

On Sunday, June 4 we organized a special gathering for our local clients with the help of our Introducing Broker in Malaysia, Abdul Malek Azenan.
The meeting was designed to introduce the most important aspects of the wide range of services that SuperForex provides. Some of the topics we covered included our variety of account types available, the best payment systems to use for financial transactions, our many bonuses which help clients to trade with a greater amount of funds than they actually deposit, and many other exclusive promotions that make SuperForex the best broker on the market.
 
We were glad to see so many of you there. Thank you once again for joining us for this event!
 
We would like to point out that Mr. Azenan always tries to make time for his clients, so if you have any questions at all, please do not hesitate to contact him - he would be more than happy to set up a meeting at a time that is convenient for you and answer all of your questions about SuperForex in person

CAD/JPY: fundamental review and forecast  

CAD/JPY rates continues in the frames of a weak downtrend. We could expect more rapid weakening of the Canadian dollar, considering strong pressure for this currency in recent times, due to falling of oil prices. But CAD managed to find support and even strengthened against many currencies due to the statements of the Bank of Canada's representatives. they said about high probability of a rate hike, given continued economic growth. Therefore, increasing of the rates this year, can be considered as almost solved question. 
Contributed the strengthening of the Canadian dollar disappointing statistics from Japan. Trade balance amounted to only 0.13 T amid expected growth in 0.35 T. Japan's trade deficit widened to JPY 203.4 billion in May while investors were expecting a surplus +43 billion. Growth of exports also do not match with investors' expectations and amounted to only 14.9 percent, while imports increased more than expected - 17.8% vs. expected 14.5 %. The positive thing here is only fact that exports continues to grow for the sixth consecutive month. 
In the near future, the rates of CAD/JPY will continue depending on the situation on the oil market because oil prices have already continued to test new psychological marks and now it's already less than 44 dollars for barrel CL/WTI. Unlikely volatility will be high until June 30, when we will have a real Canadian-Japanese day: the market will get a lot of important statistics, such as Canada's GDP, the unemployment rate in Japan and the consumer price index PMI. Considering a lot of factors against CAD, the most effective can be considered short deals on the trend, that confirmed with the Stochastics oscillator.

XAU/USD (GOLD): Short review and forecast  
  
Situation has not changed significantly since the last month. The rates continue in the frames of the weak uptrend. This week, Gold received support thanks to the weak unemployment report in the United States. So investors began to doubt about further tightening in monetary policy and raising the rate, in the near future. Probability of a rate hike in September estimated at only 15%.
On the daily chart, we can see lowering of volatility this year. There are no signs of trend change, although it has some basis: political risks in the U.S. decreased. The tense situation around the President D. Trump and his administration, gradually stabilizes; investigations against Trump with perspective of impeachment, unlikely be performed. Thus, the U.S. dollar is not under the pressure as it was before and in the near future, it's free for strengthening. The USD value is depending now on the economic situation in the United States and inflation level. But given the forecasts and current situation in the economy of the US, unlikely the dollar will be able to add significantly in price.
During the past three days, gold continued growth. In the short term perspective, Gold can add in the price, within the current range 1240 to 1290 dollars. Therefore, the most optimal would be the deals on the trend upon the short term trading. 

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