Interesting couple of days in financial markets, including currencies. After the early part of the week, when things were, well, boring, markets sprang to life on Thursday. The catalyst this time was the Initial Jobless Claims, which is a little strange. While this report always creates a lot fuss and lip service, it rarely creates the [...]

Too busy today for a full length post, so here is a brief update of potential trades mentioned yesterday. The Pound-Aussie broke sharply to the downside, crushing through the support at 1.7250. Sell took place few pips below. Once things settled down for the day, trade was closed for 50+pips gain. The EUR-CAD did not [...]

Interesting tidbit- the Parker Global Strategies LLC released results of foreign-exchange hedge funds for the month of July. The company compiles the Parker FX-Index, which tracks performance of 56 funds from across the globe managing over $36 billion in assets. For July the index showed a return of o.54%, with the best fund gaining 6.8% and [...]