In late trading on Friday, the US Dollar slumped again, just as it seemed to be turning around against it major counterparts. This weakness is widely blamed on the market bogeyman – the FED. What will the FED decide to do during this week’s meeting? How much new quantitative easing will the central bank announce? [...]

Everybody knows that the currency market is the largest financial market in the world. This fact is widely advertised by brokers trying to sign up new traders. Earlier this year the volume topped $4 trillion, about 30% increase in 3 years, but the precise figure is somewhat debatable, since there is no central exchange. The [...]

Trading day started with a bang, on a release of latest CPI numbers in Australia. The estimate was for the CPI to 0.80%, creating inflationary pressure. Instead, the numbers came at seasonally adjusted 0.70% for the last quarter. While not as high as expectation, it is still higher than the 0.60% during the preceding period. [...]