Praise for eToro from Trading and Cryptocurrency Communities - April 25, 2018 18:14

It started over 10 years ago, but during all this time the “number one” social trading platform has been getting constant congratulations. With over 9 million active users, eToro is the social trading platform that has opened up the financial markets to all. eToro has many excellent features, but one of its most significant is […]

GBPUSD Rate Touched Pre-Brexit Levels and Begins To Fall - April 18, 2018 19:18

The early weeks gains have begun to fade for GBPUSD. After an indifferent start to 2018 cable finally found it’s mojo again in mid March to continue the climb from the horrendous lows of 2017. Last week seen the GBPUSD rate close positive every day, and Monday began with a follow through until in early […]

Trump Tweets About Russia and Gold Prices Fly - April 11, 2018 17:21

Since the beginning of 2018 Gold prices have been stuck in a range between $1300 and $1350. Each time the support or resistance of this range was hit then price sharply reversed to the other side. However today we have seen a huge daily move in the price. Flying high to $1365 at the time […]

CAD: Canadian Dollar Strength and US Dollar Weakness - September 7, 2017 11:04

On the foreign exchange market Wednesday things began slowly. Mixed moves from the major currencies meant choppy trade until data from the West arrived. Things became more volatile as the Bank of Canada (BoC) moved rates by 0.25 to 1%. This sparked some life into the Canadian Dollar, and in turn its US cousin. A […]

GBP and EURO Still Weak as Monetary Policy Continues To Dominate - December 2, 2015 11:35

On Tuesday the Bank of England published its half-yearly report of financial stability, afterwards Mark Carney, the governor, held a press conference in which he highlighted the success of the recent stress tests of major British banks. In this conference he also stated that asset prices are sensitive to rising interest rates and spoke of […]

GBP Rate Higher As Retail Sales Outperform Then Loses Ground - October 23, 2015 9:50

Sterling romped higher across the board on Thursday as investors responded positively to the UK’s outperforming retail sales report. The rate of retail sales growth exceeded forecasts on both a monthly and annual basis, indicating that low consumer prices and higher average earnings are having a positive impact on people’s spending habits. However, the Pound […]

Unemployment Level Suggests UK Is Ready For Rate Hike But Speculation Still Says No - October 16, 2015 12:29

Although hopes of a rate hike from the Bank of England before Christmas were mostly thrown out the window weeks ago the Pound did retain a steady stream of buy orders yesterday, deriding from Wednesday’s upbeat British unemployment report. The latest UK labour data showed that the jobless rate sunk to a new seven-year low […]

GBP/EUR Sinks To Month Low As Concerns On VW Continue - September 25, 2015 9:31

The Pound continued to struggle versus the majors yesterday as speculative investors pushed rate hike bets further into the future. Markets now expect the Bank of England to remain on the sidelines until October of next year – despite comments from BoE Governor Mark Carney suggestive of a rate rise in the second quarter of […]

GBP Continues Slide As Rate Rise Speculation Continues - September 24, 2015 11:02

The Pound weakened yesterday as the dust continued to settle from the Federal Reserve’s latest monetary policy announcement. The US central bank opted to leave rates on hold in September last Thursday and the dovish tone in Chairwoman Janet Yellen’s accompanying press conference caused investors to push back their Fed rate hike bets from three […]