(eToro Blog) Wall Street closed higher for the second consecutive day buoyed by blow out earnings from Apple which were well beyond analysts’ forecasts, and the Federal Reserve Bank’s interest rate and policy announcement. At the closing bell, the DJ30 was up by 89 points, the SPX500 by nearly 19 points and the

Mohamed El-Erian believes the “New Normal” in unemployment will stick around for at least one more year. Appearing on CNBC’s Squawk Box, PIMCO’s CEO and co-CIO said that the 5 million long-term unemployed remained a huge issue to be solved before we can talk about the narrative changing on the unemployment.

“To get t

The US dollar gained against the Japanese yen today before retreating to the opening level as the Federal Reserve refrained from adding stimulus to the US economy. The currency remained lower versus the euro and the Great Britain pound.

Some analysts anticipated some dovish remarks from the Fed today. Such expectations didn’t come true as the Feder

(eToro Blog)  Given the markets’ uncertainty of the future in light of the myriad economic and political issues in the Eurozone, and lingering doubt as to the recovery of the U.S. economy and the role the Federal Reserve now intends to play, most traders are keen to craft a strategy that will provide maximum p

(eToro Blog)  Given the markets’ uncertainty of the future in light of the myriad economic and political issues in the Eurozone, and lingering doubt as to the recovery of the U.S. economy and the role the Federal Reserve now intends to play, most traders are keen to craft a strategy that will provide maximum p

The Japanese yen fluctuated today, staying nearly flat at present, as Forex market participants were unsure whether the Bank of Japan would intervene to trim yen’s gains.

The crisis in Europe is hurting Japan’s economies in several ways. First, it weakened demand for the nation’s exports from European countries. Second, the crisis boosted demand fo

Canadian dollar is getting a boost today, thanks to better sentiment in the financial markets. Loonie is heading higher on better earnings news, as well as reduced fears about what’s next for the eurozone.

Loonie is heading higher today, thanks to a jolt from Apple. AAPL earnings are helping market sentiment, as well as adding to a growing list of