Archive for the ‘News’ Category

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.

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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.

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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.

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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.
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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.
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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.
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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.
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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”. (more…)

If you believe Ingvar Kamprad- Sure!

The expectations – to develop a strong European financial player. (more…)

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. (more…)

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. (more…)

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.
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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.
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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.
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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.
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In the latest round of online Forex trading news, it seems that the bears still have a strong hold over the euro.

It should be no surprise that Greece has played a central role in this recent doom and gloom.

As their government is now hinting (not so subtly) that they wish to renegotiate the terms of their previous bailout, rumours are spreading that the stability of the European Union may once again come into question.
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The Australian dollar has been weakening as a result of falling oil prices. “Jawboning” or the false market commentary has also been blamed to be partially responsible for AUD weakening.

The currency is under pressure with predications that the Aussie Reserve Bank will lower interest rates in response to other central bank decreases and lesser inflation expectations.

The cuts are contagious – currencies are weakened. Central banks in Mexico and South Africa are to release policy decisions and Mexico’s central bank is keeping policy rates on hold.
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As you all know by know, we normally cover currency trading and forex news specifically here at OnlineForex.net. However, the IPO by one of the largest Internet companies in the world can not be missed. By the end of the day on Friday, Alibaba Group Holding Ltd had completed its first day of trading stock shares on the New York Stock Exchange.

The company has been in the spotlight over the past week as its executive chairman and founder, Jack Ma, announced his intentions to expand his business beyond the confines of China and bring Alibaba to the attention of a wider audience in Europe and the US.

Jack Ma founded the company in the late 1990’s and it is believed that after a hectic day of trading on Friday, it now has a market value of $231 billion.
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The brokering of a ceasefire between Russia and Ukraine has finally brought stability to Forex trading markets in the last week, particularly in the Eurozone.

The conflict has significantly slowed the recovery in central Europe, with Germany’s finance minister Wolfgang Schäuble recently announcing that the growth forecast for the country may not attain its predicted target of 1.8 per cent.

This is to be expected in a country only 400 miles from the conflict; fighting has affected business confidence in the powerhouse economy of Europe, and this has had a negative knock-on effect on the price of the Euro.

However, the tenuous peace deal between Russian rebels and the Ukrainian government has helped the Euro advance against the Dollar faster than all other currencies; from previous lows to a price of $1.311565.
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