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 [...]

Last week in Forex trading ended with corrections to prevailing trends. High flying currencies, namely the Japanese Yen and the Swiss Franc, weakened considerably during last hours of trading. That was in response to the speech by Bernanke during the FED annual symposium in Jackson Hole, Wyoming. He outlined likely additional steps to be taken [...]

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 [...]