Etoro

The US Federal Reserve has continued its bond-buying scheme; it was announced in a press conference following Wednesday’s meeting. This move saw US markets closing at record highs, as the quantitative easing measures continue in America. Many traders at eToro watched with glee as their stocks and commodities soared in value.

In recent months, the Federal Reserve has been buying bonds like crazy, in a bid to stimulate America’s economy but, even though things are starting to look a little brighter on the other side of the pond, there is no hint from the powers that be that there will be any tapering of the stimulus programme.

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Etoro

During Monday’s trading sessions, the price of gold and other precious metals fell dramatically at eToro and other online trading platforms. Admittedly, these falls were no where near the levels of June’s gold price crash but they were still hefty drops, ahead of Wednesday’s US Federal Reserve meeting. These recent market moves have been compounded by precious metal traders, especially gold traders, closing long term positions in fear of further falls in metal markets.

Following a small rally during the Asian trading sessions, in which gold prices reached $1,336 per ounce, prices retreated, nearing Friday’s five-week low for the precious metal. During Monday’s trading, many of the world’s markets rose but the US dollar lost ground against both the euro and the British pound, reaching eight month lows against its trans-Atlantic counterpart.

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BetOnMarkets - Bet On Markets

Trading markets across the world have become somewhat calm and tranquil waters ahead of US Federal Reserve chief, Ben Bernanke’s congressional meeting on Capitol Hill later today. There were slight increases for the Dow Jones and the Nasdaq during this morning’s trading sessions but, as a rule, investors at many online trading and betting sites like BetOnMarkets have seen relatively flat markets throughout Wednesday morning.

As investors and speculators across the world eagerly await the news from Washington, most markets have seen little to no movement. Whether Forex markets, indices, commodities markets or stocks and shares, the markets have all been on a ‘go slow’ today.

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Etoro

Currency traders at websites like eToro have seen the US dollar climb, as the Federal Reserve looks to become the first of the world’s major central banks to tighten its monetary policy. The greenback made headway against both the euro and the Japanese yen during Monday’s trading sessions, climbing by 0.2 per cent against the euro and 0.8 per cent against the yen.

Ahead of Federal Reserve chief Ben Bernanke’s congressional testimony on Wednesday and Thursday, investors are beginning to speculate that the dollar will grow in strength, as they believe that the US will finally step away from the current ultra-loose policies that have been in place for the last couple of years.

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Etoro

In the past seven days the the price of gold has slumped significantly, plunging nearly 8 per cent in a single week. For anybody who trades precious metals or who bets on the fortunes of these markets, the past week has been an eye opener. Traders at eToro and other online investment sites saw gold head down towards the critical 1180 support price as the trading week got underway in Asia but will the downward spiral continue or will the price of gold rebound?

Gold prices have experienced an impressive run over the past couple of years, with two obvious contributing factors. Firstly, due to the economic and financial uncertainty in many parts of the world, investors at sites like eToro have favoured gold and commodities over buying currencies. Secondly, the ultra-low interest rates offered by many central banks has lead to many traders investing in gold as a ‘safe haven’ for their money.

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BetOnMarkets - Bet On Markets

The trading week has just drawn to a close and it was a great ending for anybody with US dollars bets on their books. Bettors at BetOnMarkets saw the US dollar thrive on Friday as news of strong consumer sentiment, coupled with other key factors, propelled the greenback up the charts.

The dollar was pretty much up right across the board as the US released details of its strongest consumer sentiment figures for just under six years, something that anybody who was betting on the dollar at BetOnMarkets today became well aware of. However, it wasn’t just this news that favoured the dollar during Friday’s trading sessions. With these encouraging figures being brandished about, there is now every possibility that, as a knock on effect, we will see the US Federal Reserve starting to curb its quantitative easing program, something that many investors and traders believe will happen.

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The currency markets have been kind to the Australian dollar over recent months and years, with the ‘Aussie’ consistently outperforming its American counterpart but today the Aussie dollar fell against the US dollar. For the first time in years, investors at eToro and other trading sites saw the greenback shove its way past the Aussie, a move mainly fuelled by an interest rate cut by the Reserve Bank of Australia and improved sentiment for the dollar and the US economy in general.

The Australian dollar has had somewhat of a purple patch for the past couple of years in comparison to other currencies but the heyday has come to an end. Traders at eToro saw the Aussie dollar fall to USD $0.97 by the close of Friday night’s Asian trading session. In just ten days the Australian dollar has fallen by 6 per cent against the US dollar but what are the effects of the Aussie’s long term dominance and how will that all change now that the worm has turned?

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Etoro

Online Forex traders at eToro and other sites across the internet have been keeping a keen eye on events in both Cyprus and Italy today, especially if they’ve recently bought EUR/USD positions. This is because, in the midst of a woeful run for the single currency, pressure for the euro has been further compounded by the requirement of a bailout for the Cypriot economy and political unrest in Italy. However, even though the EUR/USD currency pair hit a four-month low during early Thursday trading, the euro ended the day with a flourish, actually finishing marginally up against the US dollar when the London trading session closed.

Earlier today, the banks in Cyprus opened their doors to customers for the first time in weeks and, even though a €300 euro per day limit is in place to avoid a run on the banks and further economic pressure, the opening of the banks has been seen as a good sign, even if there’s still massive uncertainty regarding Cypriot’s money.

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The British pound finished the week with a flourish, making gains against other popularly traded currencies such as the euro and the US dollar. At eToro and other leading trading sites, Forex traders saw the British pound soar, following the news that the Bank of England was to keep the base level interest rate unchanged.

There were a number of factors that contributed to the pound’s high-flying finish to the week’s trading sessions, many of which surrounded the Bank of England’s monetary policy meeting on Thursday. After the meeting, incoming Bank of England Governor, Mark Carney did sterling no harm by saying that the current position of the bank’s policy may be just what the UK economy needs.

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Etoro

We’re often telling you about the GBP/USD or the EUR/USD currency pairs being traded online at sites such as eToro but we don’t often mention the AUD/NZD. However, with an interest rate decision to be made by the Reserve Bank of New Zealand and continued high unemployment in the country, the New Zealand dollar has been losing ground across the board during the first two days of the trading week, especially against its Australian counterpart.

For the past 8 months or so the AUD/NZD currency pair has been losing ground but many observers and market insiders believe that the Aussie dollar will have somewhat of a resurgence, as it has been experiencing over the past couple of days, even though the Reserve Bank of New Zealand is expected to keep to the current 2.5% base interest rate. This is because much of the discussion and language coming from officials at Reserve Bank of New Zealand has led many to believe that the central bank is in a more hawkish mood, backed by rising house prices and an increase in private sector credit and, even though no interest rate hike is on the cards, the Kiwi has still felt the pressure recently.

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