With holiday a distant memory now, some interesting Forex developments took place. Most note worthy was strength of the Pound. For the first time in seven months or so GBP-USD, the “cable” reached 1.6000 level today. Action was not limited to this pair, as most GBP crosses had a run up, including all of those [...]

Interesting day in the world of currency trading. Markets are really undecided about next move. Most currencies woke up after Memorial Day with some enthusiasm, but that was not to last. Reversal were sharp and came fast. So, pairs that had shown signs of life are now right back where they started the day. Some didn’t [...]

Mostly as expected, not  much happened in  Forex trading on Monday, due to Memorial Day. That includes Sunday afternoon, depending on the part on the world. I was a little surprised, though, because Yen pairs tried to make something happen. GBP-JPY had a nice run up to about 151.50, or within few pips of that, [...]