Last week in Forex trading ended with corrections to prevailing trends. High flying currencies, namely the Japanese Yen and the Swiss Franc, weakened considerably during last hours of trading. That was in response to the speech by Bernanke during the FED annual symposium in Jackson Hole, Wyoming. He outlined likely additional steps to be taken [...]

Today currency trading was dominated by something other than the Japanese Yen. At least the JPY was not the focal point of Forex. One could say that the Japanese currency was “market neutral” and other events were driving the prices. This can be easily observed by comparing crosses of JPY – they all look quite [...]

Friday turned out to be big on employment news. The Non-Farm payroll report was released in the US. No doubt, it was the most anticipated event on the calendar this week, especially considering that all other employment news recently have been surprising. On the negative side, no less. Of particular interest was the correlation between [...]