The Iraqi dinar gained against the dollar today, but fell back to the opening level later as tensions between Sunni, Shi’ite and Kurdish political groups intensify, adding to the political turmoil and preventing an introduction of the much needed oil law.

The oil law should resolve the disagreement between the central government in Baghdad and

(eToro Blog) With a quiet trading day ahead absent of any major economic news, the Euro is continuing to find support from the bombshell dropped by the U.S. Federal Reserve on Wednesday when Chairman Ben Bernanke announced the extension of the bank’s low interest rate commitment and suggested that another r

(eToro Blog) With a quiet trading day ahead absent of any major economic news, the Euro is continuing to find support from the bombshell dropped by the U.S. Federal Reserve on Wednesday when Chairman Ben Bernanke announced the extension of the bank’s low interest rate commitment and suggested that another r

(eToro Blog) Japan’s CPI dropped 0.1% in December from a year earlier. This is the third straight month of declines in inflation. Japan is faced with a deflationary period as the economy struggles due to the global financial crisis and the strong Yen. Retail sales on the other hand showed recovery in the month of D

The Canadian dollar reached parity with its US peer yesterday, but retreated today as negative macroeconomic data from the United States decreased willingness of Forex traders to buy riskier currencies.

The pledge of the US Federal Reserve to keep its interest rates exceptionally low till at least 2014 was supporting commodities yesterday.

The euro erased its yesterday’s gains against the US dollar and was flat today as Greece struggles to reach an agreement with creditors on a debt reduction. The currency fell versus the Japanese yen yesterday and continued to fall today.

The earlier discussion between Greece and its creditors ended in a stalemate. Some officials said that talks are

On Wednesday, the Federal Reserve did something historic: they released guidance.

In the Fed’s January statement, the FOMC kept rates at 0.25%—a move that was widely anticipated. In August of 2011, the Fed announced that it would keep rates near zero until mid 2013. The Fed revised that on Wednesday, pushing the da