The global currency markets accounts and balances are awaiting clearer prospects. This is due to the great concern of the now well-known Greek crisis. The crises has been temporarily mitigated by the cancellation of debts and new loans.
One of the brokers at online forex, which has been reviewed here, evaluate and rate their traders per country.
Like most of us know, Forex brokers, like banks, works with different strategies where they focus their marketing, customer support, tight margins and also adjusts their promotions depending on the currency trader’s potential. The banks and brokers all have different approaches and Read the rest of Forex Firm rating their traders »
The recent financial turmoil for the Euro continues. Despite extensive funding programs from the European Central Bank, which was presented on March 1st, the EUR currency fell further against both the Japanese Yen (JPY) and the American Dollar (USD).
It’s rare that we point out specific trading bonuses or promotions from specific forex brokers in our news. However, the forex broker platform AvaFx is now offering a great deposit bonus of up to 5000 EUR/USD that we do not want anyone to miss, if you have not yet an account with AvaFx. Read the rest of AvaFX’s best deposit bonus so far »
Ex-Barx David Cooney launches new proprietary-built retail forex trading platform MahiFX with focus on tight spreads.
The official launch date is February 20th 2012 but on February 2nd MahiFX had the initial release party to a selected number of Forex specialists. We at OnlineForex.net were some of the selected few participating in the London financial district, in top of the world famous Gherkin building.
The Royal Mint highlights the celebration of London Olympics 2012 by releasing an edition of the 50 pence coin, with the football’s offside rule explained on the back side.
The designer Neil Wolfson says “If I had 50p for every time someone asked what the offside rule was, then I would be very rich.”
In United Kingdom there were an estimated 28 million coins circulating as of 30 March 2010.
The fifty pence (50p) coin was first introduced in year 1969, replacing the old ten shilling note. However, in the 1990s the size of the 5p, 10p and 50p coins were reduced. Therefore the oldest 50p coins in circulation are from 1997.
The Royal Mint is the body with permission to mint (manufacture) coins in the United Kingdom. Since 2009 the Royal Mint operates as a company through Royal Mint Ltd, with an exclusive contract with HM Treasury to supply all coinage for the UK. The Royal Mint Limited is 100% owned by HM Treasury (more known as just ‘The Treasury’).
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.
It is not often that we have news related to music videos or songs here at OnlineForex.net. This news post is however different.
The OnlineForex.net song by Jonathan Mann
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 Read the rest of OnlineForex.net up there with Apple, Microsoft, Cisco et al »
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?
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 Read the rest of New currency in South Sudan »
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.
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.
Why is USD gaining ground?
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.
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:
Forex Education Material
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.
Forex Software
Meta trader software is state of the art, it seems like. However, TD Ameritrade’s software was the least impressive in the review.
Forex Spread
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.
Customer Service
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.
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.
Surprising G7 intervention against Yen
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.
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:
Best overall currency forecasters
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.
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.
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.
What kind of forex trading will be investigated?
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.
Purpose of the investigation?
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 Read the rest of South Korea investigate forex trading positions »
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.
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