Currencies closed last week on some strong moves. Yen appreciated to while “the other Dollars” lost ground. It will be interesting to see what comments officials will make as the week starts. Especially in Japan. Let’s remember that the new finance minister, Naoto Kan, expressed concern with levels at which JPY was trading. While he [...]

Few weeks ago I wrote about possible top in gold and suggested a short trade in that market. It is time for an update. Original analysis, and the trade, were based on weekly chart, so nothing was expected to happen very fast. While the market has dropped from the high of 1226 to under 1075 [...]

Trading week comes to an end on a reports that the British Pound is falling because of slower than anticipated retail sales. This applies mainly EUR-GBP, currency I have been following earlier in the week. And the week before, too. Not sure how much impact data from UK really had. In my mind Pound had [...]