In spite of shortage of fundamental data, trading today has been quite lively. No major trends emerged (still few hours late, so that could change), but the price swings were healthy, creating some trading opportunities. Currencies formed narrow ranges leading to the London session, when first moves of the day happened – the Dollar became [...]

In early trading, currencies reacted sharply to preliminary numbers of the HSBC China Manufacturing Purchasing Managers Index. This gauge of nationwide manufacturing activity fell to 48.1 in March compared with a final reading of 49.6 in February. It marks the fifth straight month the index has been in contractionary territory, signaling extended difficulties for the [...]

For couple of months now, the Japanese Yen has been going through a period of weakness. All currencies rallied strongly in relation to the JPY, gaining hundreds, even thousands of pips in some case. The GBP-JPY, or beast, for example, advanced from 117.26 to as high as 133.47 today. This is a sharp move and [...]