eToro Blog

Thin trading volume expected until New Year’s

We are on the verge of a new year, and as usual the Forex market is finally taking a breather. For the last week trading was limited to occasional movements and it is expected to stay in that way until after the first of January. Most of the Central Banks will be closed today, although we expect [...]

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Dollar falls on Middle East Fighting Concerns

We expected a calm open for the market this week as most  traders are still enjoying their  holiday until new year’s eve. However, intensified fighting between Israel and the Hamas have brought tension  to the middle east- this region is the  world’s biggest supplier of oil. As a result  the price of oil was trading up this morning, [...]

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Plunging Pound - once was king

After almost a decade of ruling the Forex market, the British pound is falling down to new depths. Prior to the crisis, there where some voices out there  claiming the pound was overvalued, especially since the Euro was introduced, however, for most of us, it was only but natural to regard the starling as a strong currency. It [...]

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What timeframe should I be using?

It is interesting that alot of people are quite confuse as to how to use the various charting timeframe. It must be noted that each different timeframe has its own usage. For me, I normally toggle between 1 Min, 5 Min, Hourly, Daily and even Weekly chart as and when I needed them. Here is how [...]

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Dollar slightly higher on thin pre-holiday trading

A U.S government report today showed a drop in existing and new home sales, while an earlier report shoed the U.S economy contracted in the third quarter of the year ( GDP -0.5). at first, the grim news out of U.S have pushed the dollar down on early trading, however the picture changed around New-York session [...]

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GBP/JPY hit 13-years low

GBP continue its weakness as it dropped to a 13-years low against the YEN at 132.01 before rebouncing back to 133.80. Weakness on GBP is expected to continue as GBP is weighted down by concerns on UK economy. Weakness on GBP is expected to continue. Key support for GBP/JPY at 130.00 while resistance at 135.00. YEN has [...]

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Yen falls versus majors on drop in Japan’s Exports

Yen opened on the losing said this Monday as a government report  today showed Japanese Exports dropped to a record low. According to the report, the strong Yen was a major reason for the drop in Japanese exports during the month of November. A strong Yen is basically making Japanese merchandize (like cars and electronics) much [...]

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Trading, an Emotionless Game

Trading is an emotional affair. However to be a top class forex trader, you have to free your emotion from your trading. Frequently when a trade went wrong we get angry, disgust and frustrated and start to enter more trades to try to cover back the loss that has earlier happened. So what followed is one bad [...]

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Oil and EURUSD; the end of a romance?

In global markets, just like with us humans, two sides can sometimes get involved in a strong relationship. Such relationship was formed between the price of crude oil and the EURUSD. Especially during the last year it was hard not to notice the fundamental talk about this famous connection. Many analysts and traders claimed the [...]

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EURUSD slows down, now under 1.4 on profit taking

The European currency fell broadly since Friday morning after many traders  closed their longs on profit taking, ahead of the weekend and the reduced activity during holiday season next week. So far the EURUSD has managed to move around 10% up in two weeks. it is only natural to see the market finally correcting some of [...]

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