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For the past five weeks the price of gold has made consistent gains but many market analysts believe that this week may see the price of the precious metal retreat a little. However, this dip is believed to be a short term trend that will quickly reverse, as many traders at eToro (your capital is at risk) and other commodities trading sites are predicting that gold prices are set to rise during 2012.

The price of gold fell during Friday’s New York trading session, closing at $1,740.30 an ounce, which was down on the day but marginally up on the week once again. The main catalyst for the sudden dip in the price of gold on Friday was strong US employment figures and the news of 243,000 jobs being created, which boosted the strength of the US dollar. Because gold is traded in US dollars, the stronger the dollar is the weaker gold is. This is why gold struggled against the strong dollar on Friday.

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With all of the doom and gloom around the world such as civil unrest, global recession and natural disasters it seems bizarre to hear that online Forex trading is as popular as ever, with more and more retail investors taking investments into their own hands at sites such as eToro (your capital is at risk). Over the last few years there has been a huge breakthrough made by leading online Forex brokers in a bid to bring Forex trading to the everyman.

Not so long ago, Forex trading was an investment opportunity that was only available to banks, brokers and the privileged few. But thanks to the accessibility of online Forex trading for you and me, without the need for huge investment and with a massive amount of support, Forex trading is no longer an exclusive opportunity.

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Once again, the euro suffered as the Greece debt crisis continued to top the headlines of most financial news pages. The euro lost more than 1.5 per cent against the US dollar during Friday’s Forex trading sessions at eToro (your capital is at risk) and at other Forex markets, and today, to make matters worse, the Greek Prime Minister has said that Greece cannot meet the agreed repayment plan required to secure the IMF bailout funds on offer.

In a cabinet meeting today, the Greek Government proposed a move that would see civil servants who are approaching retirement age being put in ‘reserve’ or being suspending at reduced rate of pay. However, this, and the many other austerity measures proposed, still won’t be enough to meet the repayment quota that’s a condition of the next £1.6 billion instalment of the total £94 billion rescue plan.

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Despite disappointing US non-farm payroll numbers, the euro continued to fall against the dollar during a busy end to the Forex trading week. Forex traders at eToro (your capital is at risk) witnessed the single European currency continue its recent slide throughout Friday, only recovering slightly when the Federal Reserve released the eagerly anticipated employment figures.

Pressure has once again been mounting on the euro as further debt worries for Greece and its economy continued to make Forex traders wary of the euro. During Friday’s trading sessions the EUR/USD currency pair fell as low as 1.4185 before recovering slightly ahead of the weekend close of the world’s Forex markets.

The GBP/USD made some hefty gains as the US employment data was released, soaring to 1.6251. However, the pound’s advances were short-lived as investors dumped the pound, taking quick profits, not wanting to risk holding the UK currency over the weekend. This is because the UK is due to release its PMI numbers on Monday and analysts believe that the news won’t be good.

So, one busy week of Forex trading has drawn to a close and another one will start on Monday, and it should be a busy Monday indeed. As we’ve mentioned, the UK is due to release its PMI numbers for August, which, many believe, will show a poor performance for the UK economy. But, if the numbers are good, following today’s mass selling of the pound, the UK currency will shoot up. This may only be a short spike so be ready to act fast.

If you’re not already trading Forex you can open a new online trading account by visiting www.eToro.com (your capital is at risk). eToro is one of the internet’s leading online Forex trading sites, with many unique education and training opportunities, a wide choice of instruments and a welcome Forex bonus of up to $10,000 when you first fund your trading account.

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Thanks to the world’s numerous financial crises and investors’ appetite for safe haven options, gold trading is as popular as ever at eToro (your capital is at risk) and other leading online brokers. The price of gold has been rocketing over the last few months, reaching a new record high of $1,681.65 per ounce during Thursday’s trading sessions, but will the gold bubble burst or can we consider the precious metal a safe commodity to trade for the foreseeable future?

As silver prices almost always mirror the fortunes of gold prices, the price of silver has been on the rise too, climbing by over 25 per cent over the last year. Gold and silver have been bucking the trend recently, with both of their prices significantly increasing, while practically all other commodities and stock markets have been recording negative numbers during the same period.

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Once again the price of gold has surpassed record highs, trading as high as $1,609.30 per ounce at eToro (your capital is at risk) during the Tuesday trading sessions. The new record price for gold has come about largely due to weakened dollar and the troubled euro, as commodities and Forex traders sell dollars and euros in favour of the safe haven commodity that is gold.

Even though gold prices have retreated a little since Tuesday, at the time of writing this article gold was being sold for $1,589.53 at eToro (your capital is at risk), with no sign of a landslide fall in the precious metal’s fortunes anywhere in sight. Gold’s most recent charge is mainly due to economic issues and weak currencies on both sides of the Atlantic.

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Forex traders at eToro (your capital is at risk) and other trading platforms around the world saw renewed appetite for the euro today as Greece agreed new austerity measures to avoid defaulting on its debts, something that could spell disaster for the Greek economy. This latest agreement by the Greek Government will go a long way to securing the €28 billion EU/IMF bailout package, which is being voted on tomorrow.

The troubled Greek economy has been the primary reason for the euro’s recent poor performance across the world’s Forex markets, and the riots and protests by the people of Greece over the last 48 hours has done nothing to assist the fortunes of the euro. However, if a bailout package can be secured, the future of both Greece’s economy and the euro will look much brighter.

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Over the past week there have been twist and turns across the world’s Forex markets, with many factors ranging from unemployment numbers to economic crises affecting the fortunes of foreign currencies and their exchange rates across the globe. Keep reading to find out what happened to the major currencies over the last seven days.

Last week the world’s most traded currency, the US dollar took a turn southward, reversing the advances made in previous weeks. Worse than expected manufacturing figures, higher unemployment and low consumer confidence left many Forex traders at eToro (your capital is at risk) and other markets believing that the US Federal Reserve continue to keep interest rates low.

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Even though the world foreign exchange markets are open 24 hours a day 5 days a week, as are online Forex brokers such as eToro (your capital is at risk), this doesn’t mean that you should trade Forex all day every day. Some periods of the trading day and week are more profitable than others. So when is the best time to trade Forex? When should we log into our Forex trading accounts and start opening positions?

The big bucks made from Forex trading are done so when the markets are moving. When the markets are stagnant it can be very difficult to beat the spread, so a volatile market is a market full of opportunity and possible profits for the shrewd trader.

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Speculators and investors at eToro (your capital is at risk) and other online commodities brokers witnessed gold prices soar on Wednesday, breaking the ‘golden’ $1,500 mark in the process. And just like previous hikes in the price of gold, the price of other commodities benefitted too. This latest advance by the valuable metal has gone further than many analysts predicted and if you were on the gold wagon as it reached these dizzy heights on Wednesday you should be a happy trader right now.

Last week fear of inflation pushed gold prices up to the dizzy heights of $1,486 and the just the same as today, other precious metals including silver also climbed in value. Today silver traded above the $45.00 mark, climbing by 54 cents and hitting a 31-year high for the heavily traded commodity but what does the future hold for commodities such as silver and gold?

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