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Improved Global PMI’s Broadly Lift Currencies, Gold

Euro sighn in front of European Central Bank in Frankfurt/Main in Germany

(eToro Blog) The Euro’s resilience and tenacity is bit of a marvel to some analysts, and certainly quite a few traders. OpenBook guru pyruss is one trader who can clearly benefit from the currency’s volatility, given the dozens of open positions on either side of the EUR/USD pair. It’s a certainty that at some time [...]

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Euro and Gold Still Benefiting from the Fed’s Bombshell

Euro symbols flag (Small)

(eToro Blog) With a quiet trading day ahead absent of any major economic news, the Euro is continuing to find support from the bombshell dropped by the U.S. Federal Reserve on Wednesday when Chairman Ben Bernanke announced the extension of the bank’s low interest rate commitment and suggested that another round of quantitative easing could [...]

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Has Obama doomed oil companies?

oil rig

Today, Barack Obama declared that his administration will not issue contracts associated with the Keystone XL pipeline from Canada on February 21. While the Administration has yet to deliver an official statement, officials in the oil & gas industry are bracing for impact. Assuming that the White House will not have a change of heart, [...]

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