Etoro

The US Federal Reserve has continued its bond-buying scheme; it was announced in a press conference following Wednesday’s meeting. This move saw US markets closing at record highs, as the quantitative easing measures continue in America. Many traders at eToro watched with glee as their stocks and commodities soared in value.

In recent months, the Federal Reserve has been buying bonds like crazy, in a bid to stimulate America’s economy but, even though things are starting to look a little brighter on the other side of the pond, there is no hint from the powers that be that there will be any tapering of the stimulus programme.

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Etoro

As one of the most ferocious hurricanes ever to hit New York landed, millions of US citizens have been left without power, 15,000 flights have been cancelled, at least 40 people have lost their lives, an estimated $40-50 billion is needed to clear up the destruction that Hurricane Sandy has left in its wake and, this giant storm has caused the closing of the New York Stock Exchange for two days straight – the first time since 1888! Unsurprisingly, nobody is shocked to hear that the closing of the New York Stock Exchange slowed trading both on the world’s trading floors and at leading online Forex brokers such as eToro.

It’s not just the New York Stock Exchange that has been forced to close for two days following the devastation left behind by Hurricane Sandy. The NASDAQ also closed operations and it will also be out of action until Wednesday, just like the NYSE. Traders at eToro and other leading online Forex brokers witnessed many currency pairs becoming stagnant thanks to the closing of the NASDAQ and the New York Stock Exchange.

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