Greenback is gaining today on the Forex market as risk aversion rises. Uncertainty over what’s next for Greece, and how it will affect the eurozone, is pressuring the euro and helping the US dollar. Additionally, many Forex traders and investors are waiting for the latest policy announcement from the Federal Open Market Committee.

One of the areas

German business sentiment beat expectations for a third month in a row, but the good news has been overwhelmed by disappointment over developments in Greece. The latest in the Greek debt saga has Forex traders worried about what’s next, and that is dragging the euro lower, in spite of other news that is favorable to risk appetite.

Indeed, many

(eToro Blog) With the debt crisis in the Eurozone still such a huge piece of unfinished business, the meeting of the World Economic Forum which begins today in Davos, Switzerland might seem superfluous. After all, aren’t the key politicians and policymakers already regularly gathering to discuss the global

The Great Britain pound fell against the US dollar and pared its gains versus the Japanese yen after the UK Office for National Statistics reported that the nation’s GDP shrank in the last quarter, adding to signs than Britain is entering recession.

Britain’s gross domestic product contracted 0.2 percent in the fourth quarter of 2011, following th

The Thai baht fell today after the nation’s central bank reduced its key interest rate in an attempt to spur economic growth that has slowed last year because of the biggest floods in almost 70 years.

The Bank of Thailand reduced its main interest rate by 0.25 percent to 3.00 percent today. Last year’s floods resulted in closing of more than 16,

(eToro Blog) The Reserve Bank of New Zealand will announce its interest rate decision at 9:00 pm London time later today, and analysts expect that the current benchmark rate will be held at unchanged at 2.5%. In general, OpenBook traders are bullish on the NZD/USD pair, and ahead of the rate decision, trader kercado has

(eToro Blog) News that the U.K. economy is edging closer to a double-dip recession is putting pressure on the Pound Sterling, which fell against the U.S. Dollar to 1.5581. On the OpenBook, traders are primarily short the GBP/USD. Guru santosh, who is generally very attune to the U.K. economy, only managed to