eToro Blog

U.S better than expected GDP figures

A report today showed The U.S economy contracted by 0.3% , smaller than the expected 0.5%, still this is the sharpest contraction in seven years. Consequently the dollar was able to maintain its gains against the Yen today trading around 98 USDJPY. EURUSD has completed 900 pips move up from 1.24 since 28 of October ( [...]

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On Today’s meeting the Fed is expected to cut rates

Later today the Federal reserve is expected to cut its target lending rate by most likely half a point ( from 1.5% to 1%). However there is a slight chance the Fed will cut rates by 0.75 basis points. The Fed’s statement is scheduled at 18:15 GMT, The expected cut is already effecting the Forex market as [...]

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Yen retreats as stocks rebound

Tuesday’s trading began with a considerable correction of the recent Yen move against other currencies. This was moderately due to high gains in stock markets around Asia.  Since last September, the correlation between the NIKKEI 225 ( the Japanese main stock index) and the USDJPY has been  stronger than usual. This fact creates some interesting opportunities [...]

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Yen trading with Excessive volatility

last Friday the Yen have breached a 13 year high against the dollar printing 90.80  before correcting back to 93. The last time we have seen these levels on the USDJPY was in 1995. To see a major pair like USDJPY trading from 100 to around 90 in a matter of a few days is something [...]

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Euro weakness sends EURUSD to new Lows

(14:00 GMT) The pair broke through its support at 1.3260 today with much ease, and is already trading under 1.3200. The market is basically disregarding the impact of the current crisis on the American widening deficit. Most investors are concentrated on future monetary actions of the European Central Bank with the consensus that further rate cuts are on [...]

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EURUSD Support and Resistance Review:

(9:00 GMT) As I mentioned in my last post, the Forex market is still reacting mainly to the credit crisis developments, and less to the usual long term fundamentals. Since we are having a mixed week so far in the stock markets ( which is not bad at all considering last week’s drama) we get the same [...]

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Back in the Red

After a recovering move of the first half of this week, equity markets around the globe are trading deep in the red once again. The big question is: is the optimism, which investors had the last few days, totally gone? Most likely it is not all gone, and hopefully the markets will soon turn to the green [...]

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From Depression To Euphoria

It looks like policy makers have finally made a move into the right direction. After last Sunday’s G7 meeting and in its center the Euro-Zone supportive agreement, markets around the world turned into green once again. The Japanese stock index “the NIKKEI” has jumped a staggering 14% in one day (a new record), other stock markets [...]

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EUR and GBP gain as Euro-zone bailouts on the way

Leaders of European biggest economies (at the g7 meeting) have met this weekend and pledged to support their banks. One of the reasons for the EUR’s drop the last two weeks was the absence of any serious and general bailout plan from the part of European governments (as apposed to the American $700 billion bailout plan [...]

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A Bull Market lasts 7 Years !

A bull market is a market that is trending up for a certain period of time. On average a bull market on the American stock market lasts 7 years before a bear market shows up and stocks start to trade on the donwnside. A bear market lasts on avarage 2 to 3 years. The last bear [...]

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