(eToro Blog) Despite better than expected U.S. employment data, Wall Street sentiment disintegrated on the back of declining European bank shares. Futures were under pressure well ahead of the opening bell as European bourses set the stage for U.S. markets.

Italian banks led the European banking sector lower, with UniCredit SpA down more than 14%

Traders have been receiving mixed news from around the globe. While corporate news appears to be increasingly positive in the US, sovereign debt appears to worsen in Europe. Retail and production numbers appear to be slowing across the globe, despite largely positive results during the holiday season. Ultimately, consumers seem to be nervous about

(eToro Blog) This week we will review Top Trader: Hschinner who has been trading on the OpenBook platform since January 2011. This trader has conquered the trading learning curve and come a long way since his initial days on the OpenBook platform. Looking at this trader’s P&L curve over the last 12 months, we can see that trader: Hschinner drop

(eToro Blog) This week we will review Top Trader: Hschinner who has been trading on the OpenBook platform since January 2011. This trader has conquered the trading learning curve and come a long way since his initial days on the OpenBook platform. Looking at this trader’s P&L curve over the last 12 months, we can see that trader: Hschinner drop

(eToro Blog) The ADP employment report released today showed that 325,000 positions were created in December. The figures are adjusted on a seasonal basis. The ADP report precedes the Non-Farm payrolls report due tomorrow. The ADP report captures data in the private sector. According to the ADP report, the services sector added 273,000 positions

The Chinese yuan was weaker today after the nation’s central bank cut the daily reference rate on concerns that the continuing European crisis would hurt growth prospects.

The People’s Bank of China cut the fixing by 0.18 percent. It stands now at 6.3115 per dollar. The cut was biggest since November 15.

The yuan also dropped as fears of Europe’s cr

Euro has plummeted below the 1.28 level against the US dollar today as concerns pile up. The latest French bond auction saw higher borrowing costs, and there are renewed concerns about a credit rating downgrade for country. On top of that, Italian banking weakness remains.

It is no surprise that the euro is struggling so much today, reaching lows