About a week ago there was renewed discussion about value of Chinese Yuan. Officials said they would un-peg it from dollar when economic situation is more certain. Today Premier Wen Jiabao had even more choice comments about currency. According to him, CNY is “fairly valued” and China will not bow to any external pressure pushing […]

Finally had some time on Friday to trade in my normal fashion. I mean more transactions, normal position size etc. Turned out to be very interesting day, no matter what currency one focused on. We had Swiss Franc finally making a move against Euro, with biggest range day in some time and British Pound either found […]

After couple of good days late last week, Pound opened this one on a down note. Fairly strong one at that. Trouble started to brew right from the start, when many of GBP pairs opened down, with gaps. Those gaps were very small, not really tradable by themselves, as far as I’m concerned, but their […]