USD/SEK: Review & Forecast There is no news from Sweden, so the USD/SEK rate is depending on the situation in the USA. Investors are focused on news about choosing a new FED Head.Over the last month the situation for the USD/SEK currency pair has not changed. The rates continue in the frames of a downward trend with signs of consolidation. The range of the consolidation phase at the moment is 8.0249-8.1862 SEK.This week the rates were under the influence of the situation in the United States. The U.S. dollar strengthened against most currencies amid the unstable political situation in the EU. Investors are focusing on the appointment of a new head of the Federal Reserve. This week it was reported that Donald Trump would like to see a supporter of tight monetary policy fill the position of Fed Head. On Monday he met with one of the candidates for the post, John Taylor, who was in favor of active interest rate increase and the achievement of a level three times the current one. Donald Trump was pleased with the meeting, but at the moment it is unknown who will finally be chosen in February 2018. Investors are expecting Trump's decision by November 3.In any case, the current head of the Federal Reserve, Janet Yellen, also expressed there is a high probability of a rate hike despite the low inflation indicator. She said that the U.S. economy is currently strong enough and the good situation on the labour market allows for an increase in the interest rate in the near future.The Stochastics oscillator signals reaching the overbought zone and the probability of a price correction in the near future, which allows us to make a profit with short deals. Nevertheless, it should be noted that the USD has the potential for further strengthening in the medium term perspectives. Therefore, pay attention to the point of entry 8.1862 SEK, which may indicate not only the completion of the consolidation phase, but also the trend reversal in favor of USD. On the other hand, the achievement of the level 8.0249 SEK confirms the continuation of the current downtrend. 

NZD/USD: Fundamental Review & ForecastSpeculations around the Federal Reserve and positive statistics support the USD. The NZD continues to fall.The rates continue in the frames of a downtrend. The New Zealand dollar still cannot find enough incentives for strengthening and a trend reversal in its favor. The situation may change if the RBNZ makes a decision to raise interest rates at their next meeting which will be held on November 8. There are reasons for the increase, such as inflation growth in Q3 to 1.9%, which not only exceeds the expectations of investors, but also exceeds the forecast of the RBNZ. Given that at the moment the interest rate is at a historic minimum and has not changed for a long time, the RBNZ may revise the rate at their next meeting, although it had previously planned to do that in 2019. This week the rates were influenced by speculations about who would be the new head of the Federal Reserve. Initially, it was predicted that Donald Trump wants to choose a supporter of tight monetary policy, but the latest information on the market is that the biggest chances are currently for a supporter of less “hawkish” policy, Jerome Powell. The U.S economic statistics were positive enough: the manufacturing PMI for the state of New York in October jumped to 30.2 points. The index of business activity from Philadelphia's FED also unexpectedly increased in September. There was also positive data on the labor market. All of this has led to the dollar's strengthening against the NZD.After the publication of the recent data about inflation in New Zealand, the NZD managed to strengthen a bit against the dollar, but then the rates went down due to positive economic data and the speculation around the FED in the USA. Nevertheless, now the NZD has all chances to strengthen in the near future. Oscillators (Stochastics, MACD, RSI) unanimously point to the rates in the oversold zone, suggesting the expediency of opening the deals to buy against the trend to make a profit based on the price correction.  

AUD/CAD: Fundamental Review and ForecastThere're a high volatility today. Investors are waiting for the decision of the Bank of Canada about raising the interest rate. Probably this issue will be postponed until December.The AUD/CAD rates continue in the frames of a weak downward trend. The only thing that has changed over the last month is a shift of the support line down. The resistance hasn't changed for a while despite a number of signs of a new uptrend that can be seen on the chart.Today is full of events for the AUD/CAD currency pair, which led to a sharp increase in volatility on the market. Since the beginning of the day the Australian dollar has come under pressure due to recent negative news about the Australian economy: the inflation rate in the 3rd quarter was only 0.6%, which does not match the expectations of analysts. The inflation rate in annual terms was 1.8% against the expected 2%. The weighted average consumer price index was also below the forecasted level. Therefore, the value of the AUD fell sharply against major currencies.At the moment investors are waiting for the decision of the Bank of Canada about the interest rate. Though, investors suppose that increasing them will be postponed until December. Also important is the report of the Central Bank about further monetary policy. Last week the CAD was under pressure due to a decreasing of the retail sales volume of 0.7%, while economists were expecting growth of retail sales in 0.3%. The rate of inflation has slowed down. The Australian dollar, in contrast, received support, mainly due to recent data about the economy of China.The Stochastic oscillator indicates the rates are in the oversold zone, so there's a high probability of a price correction soon. In this situation the deals to BUY against the current trend would be the most effective. It can be assumed that the most likely decision of the Bank of Canada is to leave interest rates unchanged, temporarily negatively affecting the value of the CAD, which confirms the efficiency of the deals to BUY. However, it's too early to speak about the formation of an upward trend. It should be noted that the price of oil has a tendency to grow. Increasing oil prices support the Canadian dollar, so the downward trend has all chances to continue. 

ECB Meeting OutcomeThe euro slumped after the ECB announced its decision regarding stimulus measures yesterday.Throughout this week news headlines were dominated by one thing: Thursday’s press conference of the European Central Bank. Despite losses for the euro over the past few weeks, largely due to the political tensions between Spain and Catalonia, the single currency managed to recover some of its losses this week, on the expectation that the ECB would finally announce a plan to phase out of its ambitious stimulus program. Did that happen? It seems that the answer is somewhat complicated.Let us take a step a few years back first. Amid the fallout of the economic crisis of 2008 the global recession reached Europe and we saw massive economic slowdowns even in the most developed countries in the world. This prompted a new dovish trend among central banks: buying government bonds on a massive scale in order to promote growth and inflation. We saw this happen in the United States, in Japan, and even in Europe.This is why the European Central Bank has been buying 60 billion euro worth of bonds per month over the past few years. Their efforts have shown results – economic data from all over the eurozone comes in consistently positive, European countries are enjoying economic growth of 2-3%, and inflation has increased, compared to 2008. This positive effect has prompted investors to hope for an end to the stimulus measures, which would allow the euro to start increasing in value against major currencies.Yesterday’s press conference of the ECB, however, brought mixed results. The central bank finally showed a willingness to move away from stimulus by announced a reduction of the package in half – from 60 down to 30 billion euro per month. That would have been good news for investors and for the euro, had it not been for one addition – the ECB plans to continue with the measures well into 2018, possibly until September. The stimulus package is still needed, according to the ECB, because the healthy inflation rate of 2.0% has not been achieved yet (it is at 1.5% currently).The markets were hoping for something more short-term, rather than the nine months of bond redemption planned for 2018. As a result, the euro dropped dramatically overnight, falling to trade around 1.1626 today. While investors were hoping to awake to a stronger euro, it seems that the ECB prefers it this way: by preventing the euro from appreciating, the ECB is ensuring exports from the EU are not going to suffer.So, what’s in store for the euro? The ECB has shown an ability to act flexibly. They would keep a close eye on data from the EU, particularly to wage growth and inflation. It is possible that they would revise their expectations at their next meeting in December. Most importantly, investors need to understand that the ECB is trying to move very slowly, as sudden changes in the financial markets could have a harmful effect and undo all the good the stimulus program has achieved so far. In general terms, this means we are not likely to see a much stronger euro within the next year – unless there are external reasons, such as problems with the American dollar, for example.  

Results of the conference in SingaporeGood news from our company! On October 21, 2017 Superforex participated in the prestigious international Forex conference ShowFx in Singapore. Our efforts to create the best partnership program have not gone unnoticed. We are returning from Singapore with the “Best Affiliate Program 2017” award by ShowFx. Along with our partners’ success, this award once again shows that we’ve reached our goal.Everyone who decided to become our partner and work with us can benefit from the best conditions for cooperation. We’ve created various such opportunities: Being our Introducing brokerTrader-PartnerWebmasterBloggerExchangerFX Signal ProviderFX Advisor SellerFX Education ProjectInvestment Project If you are confident enough and have the desire to join us - we are always happy to connect!You can find more photos from the Conference here: https://superforex.com/offline 

SuperForex Seminar On October 28, 2017 SuperForex organized a dynamic trading seminar in Kuala Lumpur, Malaysia. This special event was aimed at providing new insights into the Forex market for our traders and helping them find new, better ways to be profitable. It was, in fact, quite a busy day in terms of trading tips and advice, thanks to our noted guest speakers.This particular seminar was attended by more than 70 eager traders and Forex professionals. As always, we prepared a number of prizes for our loyal customers - we held a raffle at the end of the seminar where four certificates were awarded, of a total value of $1500. You can see some of the most memorable moments from the seminar on our website. We would like to thank everyone who managed to come and join us at this seminar. We sincerely hope you had a great day of learning and networking, and went home with new inspiration for even more ambitious, more successful trades! Remember to follow our media outlets to learn about our upcoming events. We would love to see you there! Best,SuperForex Visit our website: https://superforex.com