Prime Minister David Cameron has said Thursday’s (June 23) referendum on Britain’s membership of the European Union was likely to be very close but he also predicted a “remain dividend” in investments if Britons voted to stay in the 28-nation bloc.
With just two days to go until the referendum that will shape the future of Europe, opinion polls have indicated that British public opinion is so divided that the outcome is too close to call.
Meanwhile, Swiss investment bank UBS warned its clients on Tuesday (June 21) it may fail to execute some orders on its electronic trading platform should this week’s Brexit referendum affect liquidity or cause extreme volatility.
Read the rest of Prime Minister David Cameron Says EU Referendum Will Be Very Close »
With the Brexit vote taking place in less than 48 hours, many Forex online traders (Foreign Exchange Market) are sweating at their palms. Numerous, who are trading, had said that the markets were looking incredibly risky. Investors have been closely been following the vote. The vote will take place on Thursday. According to recent polls, the vote is set to be substantially close.
Read the rest of Markets soaring just 48 hours to Brexit vote »
With sterling trades seen too expensive, the yen and Swiss franc are in demand according to in-depth research by news agency Bloomberg.
The UK’s referendum on European Union membership is spurring volatility in the pound, making trading sterling increasingly expensive. Banks are pointing clients toward alternative currency bets or hedges that could fare well regardless of the outcome.
Here is a list of analysts’ favourite trades as written in research notes or recommended in interviews conducted by Bloomberg News in recent days.
Read the rest of Banks’ Favourite Trades Ahead of UK Brexit Vote on June 23 »
During the summer, most forex traders are busy with relaxing in the sun or out and about on various holidays. Now, thanks to new technology and mobile phones, that does not have to mean that you can’t trade as usual.
AvaTrade have just released their new mobile app and as a part of that launch party they are offering a promotion to new customers who signup before 30th of June, where you could deposit and trade with 3000 GBP/EUR/USD and get a free iPhone 6+ or Samsung Galaxy Edge+.
So, if you have been tempted trying out currency trading online this is the best chance and offer we have seen in a long time. Make use of the summer and get going with trading forex online, check this out already today!
››The forex broker AvaTrade now offer you as new customer a mobile phone if you deposit at least 3000 GBP/EUR/USD and fulfill their bonus requirements.
Make sure to read all the terms and conditions on the AvaTrade website, to see what is required to get your mobile phone
Australia’s dollar rose to a one-month high and bond yields rebounded from the lowest ever as the central bank refrained from cutting interest rates.
The Reserve Bank of Australia left the benchmark rate at a record-low 1.75 percent, as forecast by all but one economist surveyed by news agency Bloomberg. Most expect the central bank to resume easing in August after a quarter-point reduction in May in response to a record-low core inflation reading.
“Last night’s RBA policy statement was judged as lacking an explicit easing bias,” said Jane Foley, a senior currency strategist at Rabobank International in London. “While this assessment has lent the Australian dollar significant support this morning, there are sufficient negative nuances contained within the RBA’s policy outlook to infer that the prospect of an August rate cut remain very strong.”
Read the rest of Australian Dollar Rises to One-Month High as RBA Refrains From Cutting Rates »
The Colombian peso weakened on Tuesday (31/5) after the country’s central bank announced it would suspend an intervention policy aimed at slowing the currency’s decline.
The central bank said on Friday (27/5) it would not hold any additional dollar option sales, but did not fully rule out further intervention.
The bank also increased its benchmark interest rate for a ninth consecutive month on Friday, to 7.25 per cent, confirming the expectations of most analysts in a Reuters poll.
Read the rest of Emerging Markets: Colombian Peso Weakens After Cenbank Backs Off Intervention »
The dollar climbed to a two-month high against the euro as traders boosted wagers that U.S. interest rates will rise, starting as early as next month.
The greenback strengthened versus most of its major peers after Federal Reserve Bank of Philadelphia President Patrick Harker said on Monday, May 23 that he could see two to three rate increases this year, echoing remarks by the San Francisco Fed Bank’s John Williams.
Futures are indicating for the first time since March a better-than 50 percent chance that the Federal Open Market Committee will raise rates by its July meeting.
Read the rest of Dollar Rises To Two-Month High on Fed Rate-Increase Speculation »
The pound rallied the most in three weeks after a poll of UK voters released on Monday showed people who support a campaign to remain in the European Union exceeded those saying they will vote to leave by a wider margin than last month.
Sterling rose against most of its 16 major peers after the ORB/Telegraph poll showed 55 percent of respondents were in favour of remaining in the European Union, while 40 percent wanted to leave.
Read the rest of Pound Jumps Most in 3 Weeks as Remain Vote Rises in Brexit Poll »
The Philippine peso rose the most in six weeks against the dollar as Rodrigo Duterte sought to ease investor concerns after claiming victory in the nation’s presidential election.
The currency also strengthened versus all of its 10 Asian peers as preliminary results showed Duterte, the tough-talking mayor of Davao city, won about 39 percent of the vote.
Read the rest of Philippine Peso Stocks Jump as Duterte Claims Presidential Win »
Less than two months after Goldman Sachs Group Inc. softened its short-term euro forecast after a central-bank policy meeting, the bank is doing the same with the yen.
Japan’s currency is likely to strengthen until Bank of Japan Governor Haruhiko Kuroda rolls out or signals additional stimulus measures, analysts led by Robin Brooks, the bank’s chief currency strategist, wrote in a note to clients on Monday.
Read the rest of Goldman Succumbs to a Stronger Yen, Mirroring Euro Call Mistake »
Eyes on the Euro?
There are a few key points to mention in this latest segment of online Forex trading news.
This week, the relationship between the dollar and the euro remained relatively unchanged after unexpectedly weak American housing data was released.
Analysts had expected the market to rise a single percentage point and yet, statistics showed that sales dropped 1.5 per cent.
Read the rest of A Watch-and-Wait Week: Eyes on the Euro and Shanghai Composite index? »
Financial researchers have indicated that trading across all G10 currencies is similar to the type of trading conducted throughout recession periods. The G10 currencies are the most widely traded globally, these are:
US dollar (USD
Japanese yen (JPY
British pound (GBP
Australian dollar (AUD
Swiss franc (CHF
New Zealand dollar (NZD)
Swedish Krona (SEK
Canada dollar (CAD
Norway Krone (NOK
The researchers at NOMURA state fears of recession are not being stated at present, however, the current pattern of financial trading shows close links to the type of trading conducted during the recent financial crisis.
Read the rest of G10 forex trading linked to recession type dealing »
All eyes within the online Forex trading market have been focused upon the performance of the dollar in relation to the recent interest rate hike enacted by the Federal Reserve. What is interesting to note is that many investors expected the value of this currency to strengthen significantly when compared to major counterparts such as the pound and the euro.
After a short and somewhat disappointing rally, the dollar has failed to exhibit any real strength. Many Forex analysts believe that this lack of upward momentum signals the continued sensitivity of this currency; particularly in terms of the final two weeks of 2015. However, there may be another reason why the dollar is failing to perform even while the price of commodities continues to fall.
Read the rest of Volatile times ahead for the dollar »
The latest round of online forex trading news highlights the continued fact that traders are adopting a “watch and wait” approach in terms of any significant movements. Part of the reason for this strategy is that there is relatively little data expected to be released over the next few days.
If anything, the details which have emerged are far from promising. Once again, economic figures released from China have echoed weakness while the recent sell-off in oil (regardless of short-term technical gains) highlights that markets are still in a sluggish position.
Read the rest of Watch and wait and mixed trading dominates the markets »
Sluggish Days for the Pound?
The British pound has seen modest gains over the past few trading sessions and is now slightly above the 1.51 figure in relation to the United States dollar. However, this is now without mixed results.
Recent bank stress tests pointed out that all but two institutions (Standard Chartered and RBS) have passed scrutiny and did not exhibit any symptoms of capital shortfalls. This was unfortunately offset by surprisingly sluggish PMI data.
Read the rest of China gains respect while the Pound remains in the Doldrums »
The forex market is the biggest global trading market and is increasingly opening up to Bitcoin investors. More and more forex brokers are accepting bitcoin trades and this has grown considerably throughout 2015.
Bitcoin traders are renowned for their high risk attitudes and acceptance of greater risk for potentially larger profits. In general the market for Bitcoin trades has been extremely volatile, while the forex market is relatively stable.
Read the rest of Bitcoin investors trade forex online »
A considerable amount of attention by online Forex traders has centred around the relationship between the United States dollar and the euro. There continues to be a significant amount of speculation in regards to the monetary strategies employed by the Federal Reserve in relation to the actions of the ECB.
In particular, surprisingly robust employment figures out of the United States have hinted that the Fed may hike interest rates in December.
Read the rest of How’s the US vs. EU relationship really looking? »
All eyes have been focused on what has certainly proved to be a volatile week on the markets. With many heralding in “Black Monday” in terms of the falls within the Asian markets, online Forex trading has been massively affected by recent events. Spurred by weak growth data from the largest economy in the world, major indices such as the FTSE 100, the Dax and the CAC 40 took massive hits over the past few days. This has caused a shudder of uncertainty to resonate throughout the trading world; many Forex investors claiming that the markets were on the “verge of panic”. Read the rest of Headed for Ruin? The Chinese Quandary »
If you believe Ingvar Kamprad- Sure!
The expectations – to develop a strong European financial player. Read the rest of Is it time for a new European Bank to take place? »
First Greece, then China, and now it is Japan that worries.
The International Monetary Fund, IMF is sensing out a warning regarding Japan’s debt in a completely new report. The IMF believes that Japan’s debt is unsustainable and that the risk of increasing as much as up to three times the country’s GDP (Gross Domestic Product) in 2030, is worrying. Read the rest of And Japan is now following »