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 »
All eyes have been understandably focused on Greece during the past week. What appeared to be a rather tenuous bailout offer has been accepted by the Greek parliament and pushed through at the eleventh hour by the European Union. While the massive €80 billion euros required to ease the financial tensions and imbue liquidity into the Greek economy may be a welcome development, many investors are still wary in regards of the long-term damage that could have already been done to the euro as a whole. Read the rest of Greece: Out of the Woods? »
The Greece crisis reached new corners of the globe recently with its latest haphazardly turn away from progress. Today Monday June 29th, markets suffered across Asia to Europe in the wake of Greece shutting down its banks for a week, ahead of a debt default that now seems more probable than ever.
Oil prices saw a sharp drop and the Euro declined against the dollar, while Japan’s Nikkei 225 index fell 2% to 20,283.98 points.
Read the rest of The Greece crisis throws Europe into distress »
Following an ease of momentum concerning the Euro-Zone data, online forex trading has slowed down for the second week of June. On the back of a promising first week of the month, the fears of a possible default on payments from the Greek government and a Euro-Zone exit have resurfaced after negotiations in Brussels broke down.
According to the Bloomberg reports, less money is changing hands in trading stock in the US than in China market.
The combined turnover in Shenzhen and Shanghai rose to a record high of $380 billion on Thursday, exceeding the value of stock traded in the U.S on Wednesday by a whooping $132 billion.
The equity volumes in China surged as monetary speculation and easing of further stimulus ignited the biggest rally in the world.
Read the rest of China Stock Market Turnover Hits Record High as Margin Traders Exploit the Situation »
This week the dollar will start another chapter in its race against devaluation in the forex market. US dollars have seen their value being decreased; an occurring trend for the last three months and that can be seen on online trading.
This is particularly worrying as America is facing external deals around the world.
China has signed a $22bn agreement with India and this clearly shows a new layout in the design of the international markets.
America has already started taking steps to counter attack this situation by approaching the Chinese. However the question here is: should we buy or sell dollars?
Read the rest of To buy or not buy? That is the dollar question »
As the week begins, Gold is still trading within a narrow range while staying under the $1190 resistance.
Supported from $1180, online forex trading will potentially see similar prices as last week where gold had support at $1180 and rose to a $1200 resistance.
The trend for the previous two months has been an attraction to the $1200 resistance, which is a key level.
Two weeks ago, the price on Gold fell through this level and down to $1170, the lowest in six weeks. Overall, though, Gold has tended to gravitate to $1200.
Read the rest of Trading for Gold Stays within a Narrow Range »
The World’s financial markets have been shocked by the news that the world’s second biggest bank HSBC is reviewing its headquarters in London and is considering moving elsewhere, probably to its natural base in Hong Kong.
HSBC have had their headquarters in London since 1992, after they purchased Midland Bank, one of the UK’s ‘big four’ banks.
Read the rest of HSBC to move out of London? »
Fears over a hung parliament at the upcoming UK General Election, to be held on 7 May 2015, helped to weaken the British Pound at the end of last week and experts are now warning that the currency is unlikely to recover until all uncertainty is removed and a new government has been successfully formed.
Sterling slumped as low as $1.4618 on the morning of 10th April, marking a five-year low against the US Dollar and its lowest level since the uneasy days that followed the 2010 General Election.
Despite a very slight recovery to $1.4637 by the end of the week’s trading, pre-election nerves are expected to continue to affect currency traders.
Read the rest of Election Fears Impact the British Pound »
Two encouraging pieces of news emerged from the UK economy on Tuesday, both of which are likely to give the British Pound a boost in the currency markets and will be of keen interest to anyone involved in online Forex trading.
Stronger Growth Than Expected
The first of these was the announcement from the CBI that the British economy expanded at a faster rate in the past quarter than it did in the quarter before that.
Read the rest of Positive News for the British Pound »
The additional liquidity offered by the European Central Bank (ECB) might pose some risks to the financial stability of the region, according to the bank’s president, Mario Draghi.
Addressing investors in Frankfurt, the president said the ECB new policy measures may have some risks, and further suppress benchmark sovereign bond in the euro zone.
Read the rest of European Central Bank is risking the Euro stability »