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 [...]

The FED held its annual monetary symposium in Jackson Hole, Wyoming today. That was the big event of the day, one that everybody waited for. Currencies, and most other financial markets, practically froze in hours leading to Bernankes’s speech at the meeting. Mr Chairman acknowledged that the economy is not doing what he had been [...]