(eToro Blog) Wall Street was faced with a struggle today Greece cast a shadow of gloom over the U.S. session. Markets retreated today with the Dow down 41 points, the Nasdaq down 8 points and the S&P 500 down 3 points at the time of writing this report. Traders on OpenBook are primarily long on SPX500 with average

The Brazilian real dropped today as uncertainty about an outcome of the discussion about reduction of Greek debt made traders sell riskier currencies and stick to safer assets.

The story of Greek debt was dragging for too long and Forex traders are afraid that it may end with a disorderly default. There were some positive macroeconomic indicators f

UK pound is gaining against a weaker euro today, heading higher as worries about Greek debt resume. Greek talks have been suspended for a short time, even though Greek PM Lucas Papademos said that some progress had been made recently. The pound, though, is down against the US dollar as risk aversion sets in.

Sterling is pulling back today against

Japanese yen is heading higher today as concerns about Greece once again take center stage. While Greek Prime Minister Lucas Papademos insisted that some progress was made over the weekend, he also pointed out that there are still some conditions left. The unresolved situation is adding to the uncertainty that is prompting risk aversion today.

As a

The euro declined today before results of talks between Greece and its creditors will be revealed. Traders are nervous as the outcome of the discussions is uncertain and they thought that keeping the euro is too risky.

The talks regarding a proposed debt “haircut” for Greece have become too long, indicating that an agreement is hard to achieve. It

(eToro Blog) The Reserve Bank of Australia is scheduled to announce its interest rate decision at 3:30 am London time on February 7^th. Analysts are forecasting that the RBA will cut rates by 25 basis points. Australia has been one of the best performing economies in 2011 despite a global financial crisis due to the

(eToro Blog) With only hours left for the Greek government to accept the latest conditions to secure the second €130 billion bailout loan, the Euro is under heavy pressure. Last week’s rally is nothing but a distant memory, and the Euro-Dollar is currently at $1.3058, nearly 80 pips lower than Friday’s close.