Some of the trades, or rather possible trades,discussed on Sunday did not get updated in the last post. The new CFTC rules governing Forex trading in USA were published, so I decided to devote a post to that. In a nutshell, starting October 18, maximum leverage on the major Dollar pairs will be 50:1 and [...]

The Australian Dollar proved to be the currency to watch in early trading on Monday, just as expected. The election was inconclusive and there was a shakedown in the Aussie. Interestingly enough, that was what the general media predicted - weak opening. All of AUD pairs gaped down, some of them substantially and the initial uncertainty [...]

The biggest news developing over the weekend was the election in Australia. Neither of the candidates, the Prime Minister Julia Gillard, nor the opposition leader Tony Abbot, gained the majority in yesterday’s vote. This is the first time in 70 years that general election did not produce a majority government. The prospect of hung parliament [...]