Probably most important single news item regarding currencies came from New Zealand. The Reserve Bank cut interest rates yet again, this time by 150 basis points. This is an aggressive move, exceeding expectations of 100 points. News sent the NZD down across the board, setting new 6 year low against the USD. Reports suggest long list […]

News regarding US economy are simply amazing these days- not a shred of something positive. All we hear are job cuts followed by even more cuts. Today was no exception. Boeing announced additional 5500 trim to its work force. This is on the heels of 4500 earlier cuts. I know fair number of people working […]

Strange day today in world of currency trading. I call it indecisive market, while in reality it should be ” Mike is confused” or something of that sort. Most notably Yen is behaving oddly from my point of view. As if it couldn’t make up its mind what it is it wants to do. Slew […]