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Rewarding year end

Approaching the year end, InstaForex hosted a traditional finance exposition under the ShowFx World brand. The expo in Kyiv is fairly considered a landmark event of the year. This time, a large number of visitors proved keen interest in Forex. The two-day expo in Regency Hyatt Kiev was visited by almost a thousand people. There are a few reasons behind this huge success. The first one is well-known speakers. InstaForex was represented by analysts Aleksandr Davydov and Mikhail Makarov as well as Regional Development Manager Sergey Aleksandrov.

As usual, Aleksandr Davydov expanded on global burning issues. He spoke about how a new economic policy in the US could influence the global economy. Besides, the analyst made his own forecast for currencies of emerging economies for 2017.

On the contrary, Mikhail Makarov focused on a practical issue. In his presentation, he shared two major secrets of steady success on Forex with the guests. The analyst put a high priority on the ability to develop one's own trading system which should be supplemented with wise risk management. The expert revealed both secrets, going into detail and answering questions from the audience.

Sergey Aleksandrov addressed his speech to trading practitioners who are eager to find an extra source of income that would not hamper their forex routine. As a way out, he suggested various trading services that ensure extra benefit in parallel with trading, in particular PAMM project and the ForexCopy system. He stressed that it is experienced traders who achieve the best results in affiliate programs of forex brokers. Indeed, practitioners can train beginners to trade and gain a reward for guidance.

The grand award ceremony was a jewel in the tight program. Winners of the 7th season of the international Miss Insta Asia beauty contest were presented with their prizes. Four winners in different nominations arrived at the ceremony from Russia, Ukraine, and the Czech Republic. Anna Gementchuk from Kyiv was declared Miss Insta Asia 2016. Apart from the title of the beauty queen, she was awarded a trading account deposited with $20,000. The girl promised to start trading in the near future.
Last but not least, ShowFx World hosts did not forget about prize draws and gifts for the visitors. Taking part in InstaForex traditional prize draws, some guests won bonus certificates worth up to $1,000 and branded devices. Those, who were not so lucky to win an iPhone 7, were given books on trading and accessories from InstaForex partner, Italy's Palermo football club.
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InstaForex Loprais Team headed by Ales Loprais finished seventh in the truck category in the Dakar Rally 2017. The world's most awaited race kicked off on January 2 in Asuncion and lasted for 12 days. Loprais Team passed 12 complicated stages going through special challenging routes in Paraguay, Bolivia, and Argentina. Loyal fans greeted the rally participants at the final destination in Buenos Aires.

The team competed in yet another Dakar Rally with a brand-new Tatra Phoenix truck that was built specifically for this race. Ales Loprais and Martin Kolomy joined their efforts creating InstaForex Tatra Buggyra Racing Formation.

On the route to Buenos Aires, the team experienced some technical difficulties as they had problems with the power steering pump and shock absorber. Technical faults alongside bad weather conditions affected the team's spirit and its results. Still, Loprais Team passed last stages and made it to the final despite all the troubles. InstaForex Loprais Team jumped to the seventh place from the fourteenth showing good results in the overall ranking.

The team thanks its fans for their support and promises to bring them up to speed on its future plans and events.

Stay abreast of InstaForex Loprais Team sports career on the team's official website.
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Gold could fall below $1,000 an ounce

Weighed down by the strong dollar and Fed’s rate hikes, gold price could fall below $1,000 a troy ounce through 2017, analysts at BNP Paribas and Rising Glory Finance said. However, experts at BNP Paribas believe that although the gold price would fall below this level, it would still continue an uptrend. The last time the gold price was below $1,000 an ounce was in October 2009. According to Harry Tchilinguirian, head of commodities strategy at BNP Paribas SA in London, the Fed’s tightening monetary policy course contradicts the government’s plans to soften fiscal policy. Higher borrowing costs will boost the dollar and will affect the gold price. The Fed said it plans three rate hikes in 2017, while US President-elect Donald Trump intends to cut taxes and increase public spending. Currently, gold trades at $1,200 a troy ounce, up 0.4% from the previous day’s close level. In December 2015, the gold price hit $1,123 an ounce.

Read more: www.mt5.com/forex_humor/image/27311/
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Venezuela to make new proposal to boost oil prices

President of Venezuela Nicolas Maduro stated that the country “will circulate a letter with a new proposal” for crude-producing countries in order to support oil prices. On November 30, 2016 OPEC reached an agreement to curb crude production by 1.2 million barrels a day to 32.5 billion barrels a day in the first half of 2017. OPEC non-member countries, such as Russia, Oman, and Mexico, also agreed to trim output by 558,000 barrels a day. Maduro reiterated that leaders of the OPEC member states are to hold a meeting in the first quarter of 2017 in Qatar. The crude market strategy will be discussed and developed during the summit. Crude production in Venezuela makes up over 90 percent of the country’s exports revenues. That it is why the country, which is currently suffering from recession, presses for higher oil prices.

Read more: www.mt5.com/forex_humor/image/27315/
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