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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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Crumbling Confidence in Government and Banks Will Continue to Propel Precious Metals

gold and silver

The current bull market in precious metals is set to hit new heights in the coming years (although maybe not in 2012), but many financial types still do not fully grasp the implications of what is driving the rise in gold and silver prices. In order to understand the nature of this market, one has [...]

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