Hope everybody had great holiday, unless you happened to be invested in Dubai real estate market. What an unusual Thanksgiving that turned out to be! Normally it is a quiet, subdued trading period, except when surprising, big time fundamental news emerge. And did they ever! As soon as “Happy Thanksgiving” post was released, it seemed [...]

Currencies had a surge of activity today. Both Asian and European sessions were relatively robust, with decent size moves during both and direction change after London open for most currency pairs. With one notable exception- US Dollar continued its plunge to ever lower levels until about couple of hours ago. It is recovering slightly, but [...]

About a month ago the Commerce Department announced that the economy had  a 3.5% growth rate for the July-September period, or third quarter. A lot of people claimed that the number was strong enough to call it an official end of recession, or ”jobless recovery”, very peculiar name indeed. Today these numbers were revised, and not in an [...]