Earlier in the month, in the aftermath of Dubai debt trouble, focus was directed on some European countries with negative balance sheet. Greece managed to have credit rating lowered by Fitch, and later on,  Moody’s. Greece promised to make improvement in new budget, bringing it more in line with directives from EU. Time will tell [...]

I hope everybody had nice holiday break. Mine was great. Good to spend some time away from your work, whatever it happens to be. In my case there wasn’t all that much to do anyways (work-wise). Rightfully so, world focused on other things than financial markets, or, at least, they took a back seat over last [...]

Among many interesting developments in Forex trading during 2009, were efforts by financial authorities of some countries to weaken their own currencies. Earlier in the year, with world in deep recession, most central banks used almost any means necessary to breath life into contracting economies. Many unorthodox steps, collectively know as “quantitative easing”, were taken, but even those [...]