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

(eToro Blog) OpenBook trader waleed0987 has earned praise from his copiers this week for his profitable strategies that use low risk. The trader has traded both long and short EURUSD positions this week with gains as high as 11%. The pair traded in a range between 1.2950 and 1.3040 earlier in the week creating good

(eToro Blog) OpenBook trader waleed0987 has earned praise from his copiers this week for his profitable strategies that use low risk. The trader has traded both long and short EURUSD positions this week with gains as high as 11%. The pair traded in a range between 1.2950 and 1.3040 earlier in the week creating good

(eToro Blog) Beating analysts’ expectations of a 2% rise, U.S. Durable Goods orders rose 3% in the month of December fueled by orders for aircraft, automobiles and business equipment. Consumer and business spending rose, and combined with year end replenishment of inventories gave a boost to manufacturing. New Home s

UK pound is higher against the US dollar today, gaining as other currencies, in general, are preferred to the greenback. However, the UK pound is down against the euro, as well as down against commodity currencies today.

Against the US dollar, the UK pound is heading higher, supported by a general tendency toward risk appetite. Stocks are higher,