On Wednesday the euro fell to a four-month low against the US dollar, as online Forex traders at HY Markets and at other brokers across the internet saw the single European currency struggling once again amidst further concerns regarding Greece and their economic pressures. However, at the close of the trading week on Friday, the euro rallied from a four-month low to end the week with an ounce or so of strength but with things still looking shaky for price of the European currency.
Failure by Greek leaders to form a government has increased the pressure on the euro and has also lead to further belief that Greece will ultimately leave the single European currency. To pile further pressure on the euro, Spain has seen its fair share of woes thanks to struggling banks that require further bailouts from the Spanish Government.
Leading online Forex brokers, HY Markets have introduced new Indian and Russian currency pairs to trade, while at the same time offering a 20% Forex bonus for a limited period. You can now trade rupees and roubles at HY Markets, currency pairs that the majority of other online Forex brokers do not offer. And, to add weight to this great offer, new traders at HY Markets can also benefit from a 20% deposit bonus of up to $1,000 as well.
HY Markets already offers a huge array of the most popularly traded currencies that include; euros, US dollars, British pounds, Swiss francs, Australian dollars and Japanese yen, to name but a few. And now they are being joined by the Russian Rouble and the Indian Rupee, two currencies that are growing in popularity for Forex brokers around the world. This is no surprise as both Russia and India have expanding economies.
The fast-paced world of Forex trading demands for quick thinking and rapid decision making. However, until recently, Forex traders had to be sitting at their desks at just the right moment to profit from moves in the markets. But one of the internet’s leading online Forex brokers has come up with a solution. Now you can trade Forex from your mobile phone at HY Markets, allowing you to be in the right place at the right time, no matter where you actually are.
Seconds can make the difference between winning a losing when trading Forex, which is why the HY Trader Metatrader MT4 trading platform is a ‘must have’ facility for serious Forex traders. The platform is available for a number of mobile devices that include; Apple’s iPhone and iPad, BlackBerry and Android-powered mobile devices.
When it comes to choosing a place to trade Forex, commodities or stocks online the size of the spread that you’re offered can be a deciding factor, with narrower spreads making profits more achievable. And, right now you can take advantage of a 2 pip spread at HY Markets if you open a Premium Account, which is one of the tightest spreads found anywhere on the internet.
There are three types of online trading accounts available from HY Markets but, to be able to trade with 2 pip spreads you must be a premium account holder, which requires you to make an initial deposit of $2,500 or more. Other trading accounts at HY Markets are; Mini accounts that require a minimum deposit of just $50 and that have a 4 pip spread or Standard accounts that require a minimum deposit of at least $750 and that have 3 pip spreads.
It’s time to count the gold at the world’s leading gold producing companies. The quarterly reporting is underway, reports which will give the world’s markets and traders an indication of the strength of the global industry. The results of the quarterly gold reports will have huge impacts on the price of gold at trading companies such as HY Markets.
By the end of the coming week gold companies including; Gold Fields, AngloGold Ashanti and junior Great Basin Gold will all announce their quarterly production figures. If these figures are better than expected the price of gold at HY Markets and other online trading companies will certainly rise.
A report by the International Energy Agency (IEA) on Tuesday suggested that the Demand For Oil Is Set To Reach Record Highs across the globe this year as the world recovers from the recent global recession. Energy advisor, IEA claims that crude oil consumption could surpass the current record of 86.5 million barrels per day (bpd).
The correct prediction of the content of this report by the IEA, which showed this increased demand for crude oil has seen commodities traders at broker sites such as HY Markets make healthy profits as the increased demand pushed the price of black gold up and up. The IEA said in its monthly oil market report that the demand for oil globally for the coming year would reach an average of 86.60 million bpd, up from 84.93 million bpd last year.
On Wednesday Alistair Darling will deliver his 2010 budget, just six weeks ahead of the expected date of the UK’s general election and if Labour fail to retain their position as governing political party however replaces them will certainly have their own ideas about managing the UK economy. So Why Is Darling Bothering To Have A Budget Now, I hear you ask?
Every year the UK’s government delivers their annual budget, which indicates then plans for revenues gathering by Her Majesty’s Revenue and Customs and expenditures of public sector departments. These figures always have a massive effect on various markets across the globe. Some of the first markets to display effects from the release of the UK Government’s budget are the world’s Forex markets, with traders at companies such as HY Markets readying themselves to make those killer trades.
This morning, the British Pound Came Under Pressure Once Again at Forex markets across the globe following news of a leaked report from the European Commission which slammed the UK government for their plans to reduce the UK’s public deficit.
Reuters News acquired a copy of the leaked report which criticised the UK’s Labour government regarding their plans to cut budgets in an attempt to bring the deficit in line with Europe-wide caps of three per cent. A quote from the report warns that “The fiscal strategy in the convergence programme is not sufficiently ambitious and needs to be significantly reinforced. A credible timeframe for restoring public finances to a sustainable position requires additional fiscal tightening”.
When many people think of commodities trading they have images of bustling stock market floors with pin-striped suit clad traders screaming to get that all-important position. However, Commodities Trading At HY Markets, like commodities trading with various other companies around the world has been propelled to the retail investor in recent years courtesy of the internet.
Unlike years gone by when trading commodities was only open to an exclusive few, these days you can speculate on and profit from the rise and fall of commodities prices online from the comfort of your own home or even on the move from your mobile phone, iPhone or PDA, all of which you will have the ability to do when you start Commodities Trading At HY Markets.
Forex traders at markets across the world were greeted by the news that the last of the world’s major economies had finally come out of recession but this revelation didn’t have the expected reaction at many of the world’s foreign exchange markets. The UK Economy Marginally Came Out Of Recession with figures showing a less-than-expected growth of just 0.1% but nevertheless these figures do show that the UK economy is on the mend.
Many savvy forex traders at sites such as HY Markets made big profits by correctly speculating that the news of the weak UK economic figures would see the value of the pound drop quite dramatically against most other currency pairs during the UK trading session. The UK’s currency did make a recovery during the US trading session but still has a way to go before recovering from today’s early setback.
