There is little doubt that the Australian Dollar has become one of the most popular currencies to trade. In recent data release, the Bank of England revealed that transactions involving the Australian Dollar increased sharply recently. In October 2011 it had a 4.75% market share of the London FX market, swelling from 3.45% just few [...]

In spite of their historical volatility, the GBP-NZD and the GBP-AUD do not get much coverage in the mainstream media. Probably the single biggest reason is wide spreads, which can be as large as 20-30 pips. However, during the past few years, they narrowed down significantly and during the busiest trading hours, we can routinely [...]

Markets were fairly quiet on Tuesday, with currencies settling down after large moves on Monday. Most of the action, such as it was, came on Durable Goods Orders and US Consumer Confidence announcements, which did not last long. By all accounts, markets are waiting for results of the second Long Term Refinancing Operation, to be [...]