Interesting new economic numbers were released in Japan. Key Consumer Price Index fell at a brisk pace in May, according to the government data. The core nationwide CPI, which excludes volatile fresh food prices, fell 1.1 percent from the previous year. This makes it a third straight month of decline. What makes it special is that is sets a [...]

Chairman Bernanke finds himself in hot water.  Congress is investigating claims by Bank of America’s CEO Kenneth Lewis, that he, and his company, was forced into acquiring Merrill Lynch. According to earlier testimony by Lewis, Bernanke and former Treasury chief, Paulson, threatened him and BoA’s board of directors with ouster, should they not agree to the [...]

This has turned out to be very eventful day. Not only FED announcement is scheduled in a little more than an hour, with all its implications, real or imagined, but Swiss Franc pairs were very active again. Just few days after selling CHF in the open market, Swiss National Bank did it again. Or rather Bank for [...]