Everybody heard the expression “markets are always changing”. It is included in just about every book or even lengthy article about trading. This mantra sounds very sage, but exactly does it mean? Surely everybody knows that that markets are changing, all it takes is to take a look at any chart. Prices are always moving, especially in […]

British Pound came under more pressure in last two days, in spite of some positive fundamentals. While on Thursday it simply mimicked broader moves of other currencies, which also fell against USD and JPY, today it showed a weakness of its own. UK Gross Domestic Product estimate for the 4th quarter was revised. Original numbers […]

Chairman Bernanke is in Congress to for his semi-annual testimony before the House Financial Services Committee. Not sure why it is called a “testimony”. Should be more like “confession” or “defense”. Seems like everybody is hostile towards him, so no matter what he says, criticism will follow. Of course, it doesn’t help that he lacks […]