Over recent months Forex traders have been buying Swiss francs for numerous reasons and this continued purchasing has led to the ‘safe haven’ currency climbing to an all-time high against the US dollar. So what is it that’s making the Swiss franc the currency of choice for traders at eToro and other online Forex brokers? Why is the franc so much more desirable than other foreign currencies?

When times are hard and markets are unpredictable Forex traders and investors turn to safe haven currencies such as the US dollar and the Swiss franc in a bid to avoid big losses that can be achieved while trading less stable currencies. As traders across the world have recently been employing risk aversion tactics left, right and centre currencies like the Swiss franc have been in demand. Troubles across the Middle-East and natural disasters in Japan and New Zealand have led Forex traders to the franc in their droves.

As the US dollar has been facing substantial difficulties, with economic growth at a virtual standstill and the US Federal Reserve unwilling to raise interest rates, the Swiss franc has been making headway against its US counterpart. At 8:51am local time in Zurich on 7th June Forex traders at eToro witnessed the mighty franc climb to a record all-time high of 84.81 against the US dollar and is still looking to make further gains as we speak.

The success of the franc has led to concern within the Swiss government, as officials were forced to reduced Switzerland’s 2012 growth forecast. The strengthening franc will certainly be weighing heavy on Swiss exports and manufacturing but will this force intervention by the Swiss National Bank and will a downturn in manufacturing figures devalue the Swiss franc?

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As the price of oil is affected by the strength of the US dollar, and as the dollar made modest headway against the euro during Monday’s trading sessions the price of crude oil has fallen. However, traders at eToro and the world’s other Forex markets saw limited trading thanks to bank holidays in both the US and UK.

During Monday’s trading session on London’s ICE futures exchange Brent crude was trading at $114.68 a barrel, down by 0.3 per cent or 35 cents, while prices at the New York Mercantile Exchange were trading down by 43 cents or 0.4 per cent at $100.16 per barrel. Next week there’s to be a meeting of the Organization of Petroleum Exporting Countries, who are facing mounting pressure, from oil consuming countries such as Japan, to increase supply to help reduce prices.

Further worries regarding Greece and its debt repayments weighed heavily on the euro’s fortunes, which helped the US dollar continue its gains against the single European currency. The EUR/USD currency pair fell as low as $1.4258 late in the London trading session before recovering to the $1.4269 mark by the close of New York trading.

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eToro is widely considered to be the best place for new Forex traders to learn their skills thanks to; a two-mode trading platform that offers a ‘visual’ version for beginners and a version for experienced Forex traders, the OpenBook that offers new traders an insight into other traders positions and deals and demo account that allow traders who are new to this fast –paced world to try before they buy! Now, to offer further assistance to new traders there’s a brand new Forex education centre at eToro that offers a huge range of courses and advice.

The Forex education centre at eToro is packed full of training courses, strategy guides, in-depth explanations and much more. However, the education centre isn’t exclusively for new Forex traders at eToro. There are advanced courses that are as beneficial to time-served traders as the beginners’ course are to novices. You will find everything from a glossary of terms to advanced theories and profit strategies in the education centre, so no matter what type of trader you are and how much experience you have eToro will be able to offer you further trading wisdom.

If you’re new to Forex trading or if you want to give this exciting investment method a go for yourself head over to www.etoro.com, where you can open a new Forex trading account in minutes and then take advantage of the fantastic eToro welcome bonus that pays you up to $10,000 when you first fund your trading account. And don’t forget that you can enter the trading challenges for the chance to win cash prizes and, of course, you have the new Forex education centre at eToro, where you will find all you need to know to about Forex trading and making profits.

If you’re new to the fast-paced and high pressure world of Forex trading it may be difficult to see how everything works and how people make money. You may hear stories about experienced Forex traders making a fortune as a currency pair rockets but which pair and when? Well now you can see trades being made, follow traders and copy trades with the eToro OpenBook.

The OpenBook is a section of eToro where you can interact with other Forex traders as well as watch their trades being made and you can even copy their trades in a bid to cut a profit too. With the OpenBook, eToro has created a Forex trading social network that allows you to get right into the heart of the world of Forex trading without the need for massive bankrolls or decades of experience.

The OpenBook from eToro allows you to see professional traders making their moves right in front of your very eyes and, as we’ve already said, you can copy trades with the eToro OpenBook, so if you’re following the right trader you could be quids in!

Being able to copy trades is all well and good but it won’t show you how to make those trades independently for yourself. However, there’s a massive friendly community of Forex traders of all experience levels available to chat with and share trading experiences with at eToro. These fellow traders, coupled with the revolutionary OpenBook makes eToro the perfect place for new traders to start out. If you want to find out more about the OpenBook or learn about Forex trading at eToro in general visit www.etoro.com.

Last week the price of precious metals such as gold and silver skyrocketed, with gold breaking new record highs on the way. These advances are mainly due to the reluctance of Forex investors, and also retail traders at sites such as eToro, to buy dollars. There are many reasons for the dollar’s downward slide including the Federal Reserve’s ultra-loose monetary policy that is making traders and investors wary.

The reason that gold and silver have benefitted so much from the dollar’s decline is because gold and other precious metals are priced in US dollars, so devaluation of the dollar makes gold relatively cheaper to buy.

Another reason for the continued advances of gold prices is uncertainty. Events such as the various middle-eastern conflicts or the massive natural disasters in Japan send shockwaves of fear through global markets. So in a bid to avoid unnecessary risk, traders and investors head for gold and other precious metals as safe havens, a move that drives the prices of these commodities up and up.

But where will it stop? When will the gold bubble burst? Many analysts believe that it won’t. This doesn’t mean that the price of gold will never go down, nor does it mean that you can trade in gold without losing but it does mean that gold is a promising investment option even now, as it stands at over $1,550 per ounce.

If you think you have what it takes to second guess what the price of gold and other precious metals will do or if you have a hunch about the fortunes of currency prices you should visit eToro. eToro is one of the world’s leading online Forex and commodities brokers, offering many great features for new Forex traders along with a wide range of instruments to trade, tight spreads and many great educational tools. To find out more visit www.etoro.com today.

Today Forex traders at eToro and other leading online Forex brokers watched the euro battle in the face of adversity. News broke today that Greece was struggling with its current debt repayment arrangement and have suggested that they may have to restructure the repayments. This should have destabilised the euro but the single European currency still made headway against the US dollar and other currencies.

A couple of reasons for the euro’s stubborn advances are the encouraging reports from Germany and France detailing increased business activity from the two Eurozone nations. These better than expected figures gave Forex traders and investors a renewed confidence in the euro, plus the business growth could well lead to another interest rate rise, which would certainly boost the euro.

The euro managed to climb above the $1.43 mark, with Forex traders rushing to get a slice of the euro action. This is a long way up from Monday’s two-week low of $1.4155. Other currency pairs on the move today were the USD/JPY and the USD/CAD. The US dollar fell 0.1 per cent against the Japanese yen to 82.51, while the greenback also fell by an even bigger 0.8 per cent against the Canadian dollar, or the ‘loonie’ as it’s often dubbed.

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When you first enter the exciting and fast-paced world of online Forex trading you may find it all a bit daunting. Where do you start? What are spreads? Which instruments are the best performers? These can be just some of the questions that you need answering, answers that can be found at eToro. Forex trading for beginners at eToro is made as simple as possible, with everything from personal trainers to in-depth education courses available for newbies at eToro.

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Today the US dollar fell thanks to rinsing oil prices, with Forex traders at eToro and other sites witnessing the dollar losing ground against the euro and the Japanese yen. The rising demand for oil, which has been mainly caused by the unrest in the oil producing Middle-East counties, has driven up the price of a barrel of crude oil, which has dramatically devalued the US dollar in the process.

The rising tensions in Libya and other Middle-East countries has pushed the price of Brent crude oil up again, with barrels of Brent trading at $116.32. It times of turmoil investors often opt for lower risk Forex trading, choosing Swiss francs and US dollars in a bid to avoid risk. However, not only has the US dollar been penalised by the rising price of oil, but investors’ preference for the Swiss franc over the greenback as a safe haven currency has further handicapped its progress.

During early US trading today the euro made headway against the US dollar, touching a four-month high of $1.4036 before retreating slightly to the $1.40 mark. While the euro was gaining against the dollar the yen was making headway against its American counterpart too, trading down on Friday’s close at Y82.20. To compound a miserable day for the US dollar it traded down against the British pound at $1.6244, compared to its Friday closing price of $1.6277.

The ever changing fortunes of the US dollar, the euro and crude oil have been offering some hansom positions to traders in the know. If you want to trade Forex or commodities online visit www.etoro.com, where you have access to a massive range of markets and products as well as benefitting from a welcome bonus of up to $10,000 when you make your first deposit at eToro.

When trading Forex being able to open and close positions at the right time is vital but what happens when important economic news breaks and you’re away from your PC, unable to log into your trading account? You miss your opportunity, that’s what happens. However, thanks to the eToro WebTrader you can simply visit www.etoro.com from any PC and log into your trading account in a matter of seconds, allowing you to make that vital trade at the time you need to.

Traders at eToro are treated to two trading platform. When you trade Forex with eToro from home, the office or anywhere you have regular access to a secure PC you should download and use the eToro Desktop, which is a fully-functional all-singing all-dancing trading platform that is considered an industry-leading product but this is no good if you’re away from your PC when you need to buy or sell a particular currency pair. This is where the eToro WebTrader comes into play.

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Yesterday Forex traders at eToro saw the US dollar broadly rise against its counterparts following encouraging a drop in US jobless figures. New claims for unemployment benefit claims plummeted during the last week in January, recovering from the sharp rise in claims from the week before.

Insiders believed that numbers were likely to fall by around 37,000 but the better than expected figures actually showed a fall of 42,000. These figures, along with figures from the US’ Institute for Supply Management, whose index for non-manufacturing business rose over two points in January, helped the US dollar outperform many of its counterparts including the euro, Swiss France and Japanese Yen.

During Friday trading the euro fell against the US dollar, dropping to a low of $1.3593 following an initial positive push that saw the pair spike to the $1.3670 mark. Even after the US dollar fell slightly against the yen during early Friday trading, the pair soon recovered to 81.74 yen, a climb of 0.2 per cent on the day, while the Swiss franc recorded its first drop in four weeks against the greenback.

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