Markets sprang to life today, following sleep inducing slumber of day before. Seems that all currency pairs decided to move, but not really until London session was well under way. My guess is Valentine’s Day must have been fruitful for traders- everybody took it easy on Monday, but dug in today with renewed vigor. We [...]

One of the least eventful trading days recently. Most have been combination of Valentine’s Day on Sunday and President’s Day today. Mix in the opening of Olympics, and it becomes clear that not too many people had interest in trading. Me included. Once start of the session didn’t produce any gaps, I was out the door until [...]

Now that European Union announced that it will stand by Greece, financial press speculates which country will the next one in need of assistance. Spain is getting a lot attention because of budget deficit that has soared to 11.4% of its gross domestic product amid its deepest recession in decades. While the government has pledged [...]