Author: Alon Levitan

With a relatively light economic calendar, Asian markets traded lower as skepticism focused on the EU economic summit starting today. The Nikkei was down 58 points, the Hang Seng was down 253 points and the Australian S&P...

As Davos wraps up and the E.U. economic summit gets under way, news out of the Eurozone this past weekend looks to set the course for a rocky trading week for the common currency. Greece, again, is at the forefront of the news...

US markets edged higher during the past week, as headlines in Europe were offset by robust earnings and mixed economic data. The technical breakouts on the major indexes, along with upward pointing momentum were met with weekend...

An adviser to the People’s Bank of China said that the slowing economic growth means that the government is likely to have successfully orchestrated the soft landing for which it has been aiming. Inflation is expected to...

We looked on OpenBook to see how our Sterling traders fared with the mixed bit of news on U.K. net borrowing, which was released earlier today. Sterling guru santosh has closed quite a few hedged positions in the GBP/USD pair...

Beating analysts’ expectations of a 2% rise, U.S. Durable Goods orders rose 3% in the month of December fueled by orders for aircraft, automobiles and business equipment. Consumer and business spending rose, and combined...

News that the U.K. economy is edging closer to a double-dip recession is putting pressure on the Pound Sterling, which fell against the U.S. Dollar to 1.5581. On the OpenBook, traders are primarily short the GBP/USD. Guru...

Reserve Bank of New Zealand governor Alan Bollard stated today that he expects to keep interest rates low due to moderate inflation and the European debt crisis. The official cash rate was also left unchanged at 2.5%. This was a...

Over the last two weeks, Greece has been deliberating with private investors to develop a bailout package that may save the country and its people. To the dismay of many investors, Greece has yet to finalize the deal despite...

Ahead of the Fed Rate decision, OpenBook trader pyruss has closed several positions on the EURUSD. The trader has been scalping during the European session and looks for opportunity to sell the EURUSD as it approaches 1.3000 and...