The Swiss franc was struggling today as it nears the ceiling set by the Swiss National Bank, testing the resolve of interim Chairman Thomas Jordan to keep the policy of making the currency weaker.

The Swissie has breached the cap of 1.20 francs per euro yesterday, but retreated back below the ceiling. It was the first time the franc reached the c

(eToro Blog) The U.S. Bureau of Labor reported earlier that March’s non-farms payroll data showed that only 120,000 new jobs were created last month, well below the consensus forecasts of 203,000. February’s data was upwardly revised to show 240,000 jobs had been created during the period. The unemployment rate f

(eToro Blog) Following a week which saw the Euro lose nearly 130 pips against the U.S. Dollar, gold too is on track to record a 1-week loss in price of as much as 2.3%. The declines in commodities and commodity-linked currencies were brought about by the news that the Federal Reserve has no short-term plans to

(eToro Blog) Following a week which saw the Euro lose nearly 130 pips against the U.S. Dollar, gold too is on track to record a 1-week loss in price of as much as 2.3%. The declines in commodities and commodity-linked currencies were brought about by the news that the Federal Reserve has no short-term plans to

The Canadian dollar climbed today, erasing earlier losses against the Japanese yen, as Canada’s employers added much more jobs than was predicted by analysts and as the unemployment rate unexpectedly dropped.

Canada’s employment increased by 82,000 jobs in March, following the decline by 2,800 jobs in February. That’s significantly above the e

(eToro Blog) Legendary OpenBook trader, Rondev1, foresaw the possibility of an SNB intervention but failed to be appropriately prepared for it. Catching the markets and traders – including Rondev1, who had the SL triggered on three of his last four open positions – the SNB stepped in to the forex market to pre

(eToro Blog) Tomorrow, the U.S. Department of Labor will release the non-farms payroll data for March. Markets are anxious to see whether or not the trend of over 200,000 new jobs added will continue. The recently released ADP report, which has tracked the NFP over the past few months, suggests that it may