31 / 07 / 2015 | Technical Analysis

CHF/JPY: Today’s Major Zones 128.88 and 128.73

European Session
The currency pair has aggressively escalated since yesterday’s session, the 30th of July, 2015, from 127.80 to 128.88.
The pair is now facing considerable downside pressures at 128.73 and in the scenario of a successful break below this level, the price could decelerate as low as 128.01 and 127.80 respectively.
Alternatively, in the event where the pair breaks above the 128.88 level, the price could escalate to 129.28, the next long term bearish zone.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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30 / 07 / 2015 | General

The Demo Competition Has Reached the Finish Line!

The SuperTradingOnline Team announces today, Thursday July 30, 2015, that its Demo Competition is no longer available, as it was a limited offer.

This competition gave all our traders the chance to trade risk free, with real-time market data, through our exceptional trading environment.

We would like to congratulate the top 15 winners who took a share of a prize pool worth over $5000.

You can now take your pick from a host of other fantastic promotions, such as the 30% Welcome Bonus, Traders’ Rebate, VPS Private Server, etc.

Don’t miss out on the opportunity to become a Super Trader!
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30 / 07 / 2015 | Technical Analysis

GBP/JPY: Bearish Pressures Noticed at 193.78 and 193.55

European Session
The pair has been recently oscillating between the range of 193.78 and 193.55 after the powerful upside move that was initiated since the 29th of July, 2015.
The bearish pressures at 193.78 and 193.55 became more tensed and therefore in the scenario where the price breaks below 193.55, the pair could decelerate as low as 192.55 and 191.59 respectively.
Alternatively, in the event where the bulls resume their upside pressures and the price breaks above the 193.78 level, the pair could appreciate as high as 195.19.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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30 / 07 / 2015 | Technical Analysis

EUR/CAD: Today’s Major Zones 1.4201 and 1.4240

European Session
The pair is currently oscillating between the range of 1.4201 and 1.4240, today’s two major levels, after the aggressive downside move since the 27th of July, 2015 where the price dropped from 1.4495 to 1.4201.
The bulls have now somehow stabilized the pair above 1.4201, and therefore have greater chances of taking control over the price in today’s trading session. In the scenario where the pair breaks above 1.4240, the buyers could place their take profit targets at 1.4312 and 1.4337 respectively.
In contrast, in the event where the pair breaks below 1.4201, the price could resume to decline further to 1.4083.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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29 / 07 / 2015 | Technical Analysis

NZD/CAD: Bearish Pressures Noticed at 0.8674

European Session
The pair has been swinging between the range of 0.8556 and 0.8711 since the 24th of July, 2015 after the previous downside move from 0.8695 to 0.8556.
The price is currently oscillating slightly below the 0.8674 zone, and in the event where the bears are able to exert far greater pressures they could by all means force the pair lower to 0.8618 and 0.8556 respectively.
In contrast, in the scenario where the bulls re-engage in their upside pressures, they could further lead the pair as high as 0.8779, provided that there is a successful break above the 0.8711 level.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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29 / 07 / 2015 | Technical Analysis

AUD/NZD: Today’s Major Levels 1.0893 and 1.0972

European Session
The pair has been aggressively declining since the 22nd of July, 2015, as the bears were able to take the absolute control over the price.
At the current state of trading affairs the price seems to have stabilized between the range of 1.0893 and 1.0972, today’s two major zones.
The bullish scenario seems to have greater chances of prevailing, therefore a successful break above the 1.0972 could be an indication that the price could escalate as high as 1.1063 and 1.1164 respectively.
Alternatively, a downside break at 1.0893 could signal the continuation of the downtrend channel to 1.0802.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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28 / 07 / 2015 | General

FC Chiasso Unveils New Kits with AFX Capital Logo

FC Chiasso, a Swiss football club sponsored by AFX Capital, presents its new team kit.
FC Chiasso hosted a press conference on Wednesday, 22nd of July 2015, to unveil the new home and away kits for the 2015-2016 season, featuring the AFX Capital logo. The new squad was also presented to the reporters and public attending the event.
Both the new home and away kits feature a unique design, with the AFX Capital logo, which has the company’s official gold and black colours, appearing in the centre of the team’s jersey. FC Chiasso have debut the new strip on July 26, 2015 at their home stadium in their opening league game win against FC Schaffausen.



FC Chiasso’s fans had an exciting afternoon at the club’s new premises, with their favourite football stars parading one by one in front of them. They were also treated to food and drink and they had the chance to buy their season tickets.
The CEO of AFX Capital, Manuela Mazzaco, said: “We are thrilled to see the new FC Chiasso’s home and away kits. We think that they look stunning and that they mark the official beginning of a new era, full of success and glories. We support the team with all our heart and look forward to the beginning of the new 2015-2016 season.”



FC Chiasso was established in 1905 and is located in the municipality of Chiasso, Switzerland. The football club’s stadium is Stadio Comunale and the team’s coach is Marco Schällibaum. Its most glorious period was in 1948 and 1961, when FC Chiasso played in the Swiss Super League. In the 1950-1951 season, the club finished second and in 1951-1952, it finished third. The team also played in Italy’s Serie A between 1914 and 1923.



About AFX Capital:
AFX Capital is a trading name of AFX Capital Markets Ltd and AFX Markets Ltd. SuperTradingOnline (STO) and Quantic are trading names of AFX Capital Markets Ltd. SuperTradingOnline (STO) and eloFX are trading names of AFX Markets Ltd.
AFX Capital Markets Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), licence no. 119/10 and registration no. 253014.
AFX Markets Ltd is authorized and regulated in the UK by the Financial Conduct Authority (FCA), registration no. 560872. AFX Markets Ltd is acting as an agent for AFX Capital Markets Ltd.
For more information, contact AFX Capital at [email protected] or telephone: +357 2526 2710.
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28 / 07 / 2015 | Weekly Report

The U.S. Dollar Ranged Higher Last Week

Last Friday, as the currencies, directly linked with the major commodities, dropped the most, amid the factory data in China increased the fears over the demand for raw materials, the greenback ranged higher versus its main counterparts.

As per the latest manufacturing data in China, the private sector slowed down, the most for the month of July, to a 15 month low.

The Caixin/Markit purchasing managers’ index preliminary data for manufacturing dropped from 49.4 to 48.2, the weakest reading since 2014.

The AUD/USD pair reached 0.7260, as the Australian currency declined for the sixth consecutive year, prior to settling thereafter at 0.7280. The NZD/USD also oscillated lower to 0.6575.

Alternatively, the euro remained almost unchanged, as the EUR/USD currency pair stabilized at 1.0984, whilst the dollar dropped versus the yen, and the USD/JPY pair reached the 123.80 level.

Furthermore, with the expectations that the central bank in the U.S. could raise rates, increasing the most, the dollar escalated to higher zones.

Moreover, on Thursday, the U.S. will be publishing its initial forecasts for the second quarter’s growth. On Friday, the euro zone shall release the unemployment rate and consumer inflation data, whilst investors and traders will be watching over the progress of Greece’s bailout negotiations.
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28 / 07 / 2015 | Market News

​Technical Experts in Greece for the Bailout Scheme

The European Commission, the European Stability Mechanism, the International Monetary Fund and the European Central Bank’s technical experts are in Greece, Athens, to meet with their counter parties regarding the nation’s bailout scheme.

For the upcoming three years, a set of policies must be legislated so that the Greek nation can receive in return the 86 billion euros or 95 billion dollars of financial support.
Therefore, a form of a Memorandum of Understanding must be agreed within a period of two weeks from now prior to the 20th of August, 2015. 

Furthermore, the Ministry of Finance stated yesterday that the latest talks will mainly focus on Greece’s market regulation, labor market, pension system and fiscal policy.
Moreover, according to Mina Andreeva, the spokesman of the EU Commission, in Brussels today, an agreement can surely take place in August. The talks are already in progress since yesterday.
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28 / 07 / 2015 | Technical Analysis

EUR/JPY: Today’s Major Bearish Zone 136.74

European Session
The currency pair is currently oscillating between the range of 137.10 and 136.74, today’s two major levels.
The bullish pressures that resumed since the 24th of July, 2015 have started now losing momentum at 137.10. In the scenario where the pair stabilizes below 137.10 and breaks once again lower than 136.74, the price could decelerate to 136.13 and 135.72 respectively.
Alternatively though, in the event where the price breaks above 137.10, the pair could escalate as high as 137.87. 


 
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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