The Great Britain pound edged down today after a report showed that nation’s manufacturing almost stalled in April. The currency rebounded later and trades near its opening level now.

The Markit/CIPS UK Manufacturing Purchasing Managers’ Index fell from 51.9 in March to 50.5 in April. The value is going dangerously close to the neutral 50.0 level.

Euro is finding some support today, and the financial markets are finding a little bit of risk appetite, as eurozone politics take center stage. The unlikely support comes as Irish officials try to sway voters to accept the European Union‘s fiscal treaty, and as Germany continues to insist on austerity measures for embattled eurozone countries.

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The Australian dollar dipped today as the Reserve Bank of Australia cut its key cash rate more than analysts anticipated. The decrease of the rate was expected and perhaps priced in, but the scope of the cut took traders by surprise.

The RBA slashed its main interest rate by 50 basis points to 3.75 percent today. Most experts predicted a cut to 4 p

(eToro Blog) Earlier today, the Chinese Federation of Logistics and Purchasing reported April’s PMI manufacturing reading was improved at 53.5 from March’s 53.1, though it fell short of analysts’ expectations of a rise in the reading to 53.6. Nonetheless, it was enough to keep oil prices steady, with NYMEX traded

(eToro Blog) Earlier today, the Chinese Federation of Logistics and Purchasing reported April’s PMI manufacturing reading was improved at 53.5 from March’s 53.1, though it fell short of analysts’ expectations of a rise in the reading to 53.6. Nonetheless, it was enough to keep oil prices steady, with NYMEX traded

(eToro Blog)  Sentiment on OpenBook for the AUD/USD pair is predominantly bullish with investors buying the pair at the dip, now that the Reserve Bank of Australia offered a 50 basis points reduction in the cash rate – double what the consensus of analysts had been expecting. While the AUD/USD pair is currently l

The New Zealand dollar fell yesterday and extended its decline today. New Zealand’s traded surplus unexpectedly shrank in March, adding to the negative market sentiment that sent the nation’s currency down.

New Zealand exports declined NZ$400 million in March compared to the same period a year ago, while import rose NZ$48 million, resulting in a tr