On Monday, the yield on the 5-year Portuguese note spiked. The yield hit a record for the post-euro era of 22.69%. The trade may have been fueled by the turn of events in Greece. The general perception of the market may be to accept Greece’s default as a given.

Last year, markets appeared frightened by the

The Japanese yen jumped today amid growing concerns about a potential outcome of the European Union leaders’ meeting, especially about the uncertain future of Greece.

Greece remains the main source of risk aversion on Forex market. Some economists speculate that the current bailout wouldn’t be enough to rescue the country from its credit problems.

(eToro Blog) The EU summit and Greek debt negotiations filled Wall Street with worries and the Dow is down 85 points, the Nasdaq is down 10 points and the S&P 500 is down 9 points at the time of writing this report. Traders on Open Book are primarily short on the Dow (DJ30) with average limits at 12,450 and stops

Canadian dollar is pulling back today, heading lower as risk appetite fades away, and as oil prices drop. Commodity currencies are struggling right now on risk aversion and a higher US dollar. It’s not surprise that the loonie is experiencing difficulties as well.

Risk aversion seems to be the driving force today. Thanks to the latest news out of 

US dollar is rising as Greece once again takes center stage in the world markets. Greenback is gaining as concerns about what’s next for Greece — and the eurozone — weighs on risk currencies, especially the euro.

For now, Forex traders are looking for safe haven. With worries about Greece as European leaders meet in Brussels, there are worries

(eToro Blog) Slightly removed from the spotlight given the overwhelming focus on Greece, it’s easy to forget that there are other E.U. members which are also fiscally impaired. Earlier today, The Spanish National Statistics Institute reported that according to preliminary estimates, the Spanish economy c

The Turkish lira was down today after four sessions of gains as investors preferred a cautious approach during the discussions about a Greek debt haircut, avoiding riskier assets.

Today, leaders of the European Union gather at the first summit this year. Economists believe that an agreement about Greece’s debt writeoff would be achieved, but tr