Archive for the ‘Statistics’ Category

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:

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.
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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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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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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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The US Labor Department today announced that nonfarm payroll jobs increased by 192.000 last month. However, in spite of this seemingly positive news, the dollar index slipped back 0.07%.

The index is made up of the six major currencies against which the dollar is traded.

The fall can perhaps be partially attributed to the fact that although the numbers were positive, investors were hoping for even stronger job figures; the buzz in advance of the announcement was that 200,000 jobs would have been added in the last month.

Notwithstanding today’s fall, the index has still shown an overall rise over the course of this past week, in keeping with the upward trend for the dollar since the middle of March.
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In the latest forex trading news, all eyes are keenly focused on what may be a rather bullish rebound for the Euro.

Last week, this multinational currency finished trading with gains just above one percent; a mild signal that forex traders may be taking a keener eye on futures. However, there were relatively few notable events during the prior week. On the contrary, the week ahead will see some major news emerge from the markets.
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Foreign exchange currencies change in just a few seconds. This trading option is more volatile than ever as more transactions are currently in process. There are yet economic changes this week as analysts see the potential of short term charts. This would provide further opportunities for big levels to watch out for.

The EUR/USD has low volatility with a low level of 1.3000 so no other expectations are to be seen until this week. The best currency for long-term outlook is the EUR/USD since it still ranges from 1.2800 to 1.3200. Added to that, the RSI and the short term average are on neutral as technically seen in the chart.
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The final week of April has witnessed the Euro tumble once again as the jobless rates in the European Union hit an all-time high of 12.1% awhile inflation slowed to 1.2%; rates not seen since February of 2010.

Of notable importance for online forex traders is the marked unemployment figures released from both Spain and Germany. While the figures in Germany may be seen as comparatively marginal, those in Spain represent the continued weakness of the fifth-largest economy in Europe.
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We are happy to present the first, basic but useful, initial version of our currency trading Android app for OnlineForex.net, where you can follow our most recent news posts, the daily currency rate fluctuations for the major currency pairs, use our forex glossary, read some of our articles, e.g. “Learn to trade Forex online”, see all of our online forex videos when you are on the go and much more.

All of this is specifically brought to you in mobile format and you can now download our app directly from Google Play.

Some of the statistics so far for our app:

- The Online Forex dot net app is available to over 1482 different type of Android devices.
- It has been downloaded close to 200 times.
- The OnlineForex.net app has been rated 4.9 by all the users so far.
- Android app file size: 163k
- Permissions used by our app: android.permission.INTERNET
- Supported screens: small to xlarge

Screenshots from the OnlineForex.net app

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 (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…)

Vladimir Putin seek to cut the percentage of foreign currency loans more then 50 %. He imposed new tax breaks with reductions for local loans compared to foreign loans.

Russian Debt levels

Russian companies have $294 billion of international and 12.8 trillion rubles ($410.8 billion) of local loans, according to Bank of Russia.

Lower inflation and borrowing costs

The interest rate has been cut 14 times in Russia the last year, to 7.75 % in July. At the same time, inflation gone down drastically from over 10 % to 5.8 % in June. (more…)

The British pound also experienced increased resistance on Monday after the first quarter of UK economic data was worse than previously expected. There are many indications now that the recession been worse than expected and economic growth lower then earlier estimated.

UK inflation way over target level

The country’s inflation in recent months is now 3.7%, significantly above the Bank of Englands target level of 2%. Britain could be forced to raise interest rates relatively soon, as MPC member Andrew Sentance already voted for. But Mr. Archer at the Bank of England believes inflation is on a downward trend and believe rates will be kept at 0.5% throughout 2010 and well into in 2011. How credible is the new government and how well will they keep Britain’s a currency? If the BOE will not to curb inflation in the near future you can expect the British pound to decrease significantly.

When do you think Britain will raise interest rates?

Swedish Riksbanken speech insisted that Sweden’s rate is planned to remain flat until autumn 2010. Ingves pointed out the risk of a potential real estate bubble if the current interest rate levels remains for a long period.

He continues: “We believe that interest rates will be significantly higher in a few years from now”. In 2011, the interest rates will probably go up sharply, from less than 1% to 3%. At least if we are to believe the current forecast from the Swedish Riksbank.

Why was the Swedish interest rates unchanged?

Everything indicates that the recovery in the economy continues, while inflation pressures continue to be low.

With the Riksbank’s inflation target of 2 percent and to simultaneously support the economic recovery of the Riksbank decided to leave the repo rate unchanged at 0.25 percent. (more…)

Forex Traders are worried Fridays release of the US unemployment rate was way worse then expected and now the US Dollar might face further decrease.

American Labor Department reported that the much higher unemployment rate could be due to lagging data. The non-farm payroll employment fell by 216 000 jobs in August, followed by a revised decrease of 276 000 jobs in July. The new numbers are indication that America is now facing a 9.7 % unemployment rate, the highest in 26 years. Financial analysts and currency traders did expect a 9.4 % unemployment rate in July.

Further pressure on US Dollar

However, it seems like the decrease have moderated the last months, even if some sectors still face continued job losses. Still, consumer confident might be lagging in the coming months. As a result of the unexpected numbers from USA, many online forex traders assume that the US Dollar will continue to suffer against the Euro and Yen.