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We at OnlineForex.net are happy to now offer You a free signup and trading gift if you signup with one of the brokers listed with the 
tag, in “The best forex brokers” top list.
As a part of a special agreement (more…)
It is not often that we have news related to music videos or songs here at OnlineForex.net. This news post is however different.
We at OnlineForex.net are proud to present “The OnlineForex.net song by Jonathan Mann feat. Jonathan Mann”. We have as you understand been working hard with Jonathan Mann to produce our very own jingle with corresponding inspirational video a la Jonathan Mann. Listen and have a look at the video below and then let us know what you think or leave a comment in the bottom of this post.
The OnlineForex.net song by Jonathan Mann feat. Jonathan Mann
Almost every other iPhone 4 owner in the Western world, has probably seen the video with Jonathan Mann (below), when he sings about the antenna problems that arised when the phone was first released. Steve Jobs himself choose that the song should be (more…)
The BBC reporters are speechless when interviewing this Trader and he says exactly what is on his mind:
“The Collapse Is Coming…And Goldman Rules The World”.
Are you following the what the trader says, taking advantage of the possible Euro and stock market crashes, and see this an opportunity to invest in the more stable currencies or are you waiting for this to go away?
Also see this section with more currency trading videos.
A currency war has started to take place in Eastern Africa, after South Sudan launches a new currency, South Sudan Pounds. The North Sudan’s central bank also launched a new currency shortly after, in an attempt to freeze money held by the South Sudan (more…)
Mercer’s Cost of Living Survey for 2011 is now live, and the result might surprise some of you. It’s not London, New York or Tokyo that’s most expensive to live in for expatriates, rather an African city – Luanda in Angola.
Photo above: Credit to Yukiba.com
However, Tokyo comes in as the 2nd most expensive city to live, while N’Djamena in Chad turns out (more…)
After losing ground for 13 months in a row, USD is about to break out and gain momentum against both euro (EUR) and sterling pound (GBP), according to technical analysts.
Many European countries economy is weak, with Portugal getting downgraded by Moody’s and Greece are having big problems paying their debt. Italian stock market fell almost 9 % previous week over yield spread concerns.
In fear of rising inflation, ECB increased the interest rates last week, without any positive effect on the exchange rates.
Both USA and British economies remains week, but not as bad as the Eurozone.
What do you think about EUR, GBP and USD? Will USD gain significant against sterling and the single currency?
When ICANN announced they are letting .AnyName free, it will probably not take long before .FX or .FOREX will be registered. OnlineForex.net will here discuss the opportunities with the new regulations and which effect it might have to launch a new domain suffix for the forex industry.
Since long ago, all the best domains for forex brokers, forex market makers and forex traders are gone. (more…)
American magazine SmartMoney made a ranking of forex brokers earlier this week. Their review include best forex education material, software, actual spread and customer service.
With other words, their fx review is not as detailed as OnlineForex spread, but still worth to have a look at. Below you find the results for best forex brokers according to SmartMoney.com:
Best education material was provided by TD Ameritrade, according to SmartMoney.com. They have both clear and accurate fx education material, but was not significant better than most other brokers. FXDD was the losing broker in this chapter. Reason for their loss is that it is hard to navigate and they offer very basic material.
Meta trader software is state of the art, it seems like. However, TD Ameritrade’s software was the least impressive in the review.
When SmartMoney.com measure actual spread, FXCM actually lost. This might be a surprise, since they have a rather low absolute spread. But in reality, it often gets wider during volantile market conditions.
Worst customer service in the forex review by SmartMoney is offered by Alpari. In the worst, you have to wait over 20 minutes to get support from Alpari. I rather suggest going to ForexYard instead if you want quick customer support.
What do you think? Any favourite forex broker?
IMF recently told the press they fail to see any underlying fundamental factors giving the Yen any strength. According to International Monetary Fund, the current value of the Yen reflects long-term fundamentals. So basically, they mean that the Yen is still overvalued against USD and rest of the G7 countries.
Last week, seven central banks from the G7 countries joined together in an effort to weaken the Yen. After the earthquake, the Japanese Yen has been traded stronger, in contrast to what you would expect.
Currency traders also claim that the Yen strengths is partly due to corporations, insurance firms and private people sending money back to Japan.
It seems like Japanese investors mainly focus on the (more…)
The currency markets fluctuate more than ever, while possibillities to make money in a short period of time increase. If you have a hard time to choose which currencies to buy or sell, help from a currency forecaster or currency analysts can be a good option.
Based on Bloomberg’s yearly ranking, we have here put together the best currency forecasters for some of the most traded currency pairs:
Here we have the best currency forecasters for 2010, when EUR/USD, USD/JPY, EUR/JPY, GBP/USD, EUR/GBP, EUR/CHF, USD/CHF, USD/YUAN was considered.
1. Stardard Chartered is a reputable fx advisor and bank with head office in London.
2. Td Securities is Canada’s leading currency advisor.
3. Wells Fargo, American financial advisor, and one of the biggest mortgage lenders.
4. Credit Suisse Group has world-wide operations, the Swiss fx experts continue to improve.
5. Canadian Imperial Bank of Commerce is another popular Candian currency expert advisor.
6. Commonwealth Bank of Australia is considered (more…)
OnlineForex.net are pleased to add another premium forex broker to review list. Award winning Saxo Bank has been around since 2000, and the company is originally from Denmark, but now got offices around the world.
Among their latest awards you find “Best Bank for FX Investors 2009” by Fx Week, “Best White Label Solution Provider” by World Finance’s Fx (more…)
A few days ago, the popular forex broker GFC Markets announched they are changing name to Markets.com to better reflect their business and offerings.
GFC Markets, or Markets.com as they are called now days, has been growing quickly the last year.
One of the reasons is that you can start online forex trading from just $50, so many new traders find it convenient to not risk so much.
The fact that you can trade both stock indices, commodities and currencies in the same account is another reason making it popular. (more…)
South Korea sought had some problems with speculative currency inflows the latest year, making the local currency to spike. Now, an investigations of the major banks and their forex positions will start, according to Korean Ministry of Strategy and Finance.
We will put our focus on forex forwards, forex futures and forex derivate instruments. No investigation will be made for online forex trading, according to the South Korean ministry.
The investigation aim to prevent excessive short term foreign currency loans, and offshore borrowing. South Korea is the 4th largest economy in Asia, and excessive capital inflow may lead to financial instability and slower recovery from the economic slowdown (more…)
After weeks of gains, Euro lost 0.2 % from 5 month high, after risk rating agency Moody’s cut the Anglo Irish Bank’s ratings to Baa3. This was a downgrade of 3 notches, meaning Irish debt is considered to be graded just above junk status.
Some currency analysts start to worry about the European banking sector again after the downgrade. At the (more…)
Comments from Norway’s central bank, Norges Bank, made gains for the Krone against Euro. “Key interest rates should be increased to a “more normal level”, according to Norges Bank.
They have seen increased economic activity among the major trading partners, such as Germany and Sweden the latest months. Inflation remains stable below 2.5 % and interest rates were kept still at 2 %.
However, currency analysts expect Norway to increase interest rates earlier than previously (more…)
The Royal Mint just launched 2010 ‘Coins of the Year’. Below you find some of the royal coins for 2010.
Above: 50 pence coins
Above: Two pound coins
Coins of the Year are targeted to those collecting coinage. Every year, new coins are launched and by purchasing a ‘Coin of the Year Set’ you can start a long term collection of minted legal tender.
In the long term, unusual coins in limited editions often turns out to be a good investment. All coins from Celebrate Britain come in excellent uncirculated quality, with superior-quality finish than circulating coins.
The coins for 2010 are a 70-year celebration of the ‘Battle of Britain‘, a turning point of the Second World War. British pilots were fighting against German forces and it certainly was a risky job. Average life expecacy for pilots from Britain was only 8 days.
The five pound coin below is not in circulation, but you can (more…)
As we previously predicted it became inevitable for Bank of Japan (BOJ) to hold back its plans for intervention. JPY/USD went from 83 yen per dollar to 85.47 shortly after the intervention.
Early this morning (9:30 ET) Yen reached a new 15-year high. This time, Bank of Japan was quick to intervene in the currency markets, selling yen in exchange for us dollars, after a week of possible intervention warnings. This intervention was made to counter the adverse impact of the strong yen, and was the first official intervention in the currency market since 2004.
“We conducted the intervention in order to avoid excessive movement in the currency market. The Bank of Japan will continue to (more…)
The yen surged to 15-year low on Friday against the dollar as fading confidence for the global economy have risen demand for the Japanese currency.
The latest move raised currency speculation of the Japanese central bank intervening in the forex market, which is rather uncommon (more…)
The outlook for US Dollar have been going down, down and down against the Yen. Is it time for a turn-around soon?
After the latest key U.S economic data was released, investors was first seriously concerned about the US economy showing, when July showed 27 % slowdown of previously owned U.S homes. But later, many forex investors insted became worried about the world economy instead and dollar started to rise again against many major currencies.
At the same time, Nikkei 225 rose to a 15-month low, while the Japanese currency become even stronger – 84 yen per USD. Yen is currently at its strongest value against USD this decade. Lets see how things move forward in the end of the week.
Sterling Pound against US Dollar is now in an up-trend after bottoming at 1.4425. How long will it continue? Let us look at the latest currency graph for GBP/USD.
Current intraday support levels are at 1.5589 and 1.5710, while weekly resistance levels are at 1.6460 and 1.70. It’s no secret that many analysts expect Sterling to rise against the dollar. If the US economy continue to show poor statistics, we believe GBP will rise sooner rather then later.
What do you think about the latest strength for GBP? Will it continue or break down?
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