(eToro Blog) According to the National Bureau of Statistics China, consumer inflation moderated last month even in spite of a recent rise in food prices, which could provide the Chinese government with a little breathing room for more easing. That would help the Chinese economy and, moreover, economies reliant

The Indian rupee rallied today as the Reserve Bank of India took measures to support the currency that has been performing very badly. The central bank decrease the amount of foreign currency companies may hold.

The RBI announced that companies may keep only 50 percent of their profits in foreign currency, down from 100 percent, while other half s

The Canadian dollar gained today as Forex traders showed risk appetite on signs that the situation in Greece is improving and some positive data from the United States. The gains of the currency were limited as tomorrow’s employment data is expected to be rather poor.

European politicians confirmed that Greece is receiving a next round of bailout.

(eToro Blog) Only a few headlines dominated the media this week, and most of those originated in the Eurozone. It began over the weekend when key elections in France, Greek and Germany swept out the incumbents and swept in a movement of anti-austerity and displeasure with the status quo.

France saw President

Australia’s employment data made a pleasant surprise for those Forex traders that were bullish on the Australian dollar as employment unexpectedly grew and the unemployment rate fell.

The number of employed persons in Australia rose by 15,500 in April from March, while analysts expected a drop by 4,800. The unemployment rate slipped from 5.2 perc

The Bank of England refrained from easing the monetary policy at today’s meeting, causing the Great Britain pound to climb. The United Kingdom still suffers from the double-dip recession and it is questionable whether the currency could maintain its gains.

The BoE held its key interest rate at 0.5 percent and the asset purchase facility at £325 bil

Euro is finding some support in Forex trading today, heading a little bit higher. Even though there are still concerns about what is happening in Europe, traders are looking for a little bit of respite from the risk aversion and gloom. So, the euro is a little bit higher right now, and other high beta currencies are seeing some success as well.

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