Here we are, day before Thanksgiving. Relatively slow day, especially when compared to recent volatility. Even couple of fairly important news failed to spur currencies. EU announced its own stimulus package, to the tune of EUR 200 billion, while China cut interest rates to prevent economic slump. Markets must still be digesting the $800 billion borrowing [...]

I’m getting in holiday mode and trading is taking a second seat. One has to break every now and then and Thanksgiving is providing perfect excuse for that. As far as I’m concerned, today was a confusing day, looking from the standpoint of the charts I analyze here, which are mostly 1h graphs. Tomorrow is [...]

It seems like there is no end to bailout campaign. Today it was Citigroup who called on Uncle Sam for helping hand. This time around they are getting $20 billion on top of $25 billion received earlier. In addition, government also will guarantee a mountain of Citi’s potentially loosing assets. Here are the details as reported [...]