Markets were fairly quiet on Tuesday, with currencies settling down after large moves on Monday. Most of the action, such as it was, came on Durable Goods Orders and US Consumer Confidence announcements, which did not last long. By all accounts, markets are waiting for results of the second Long Term Refinancing Operation, to be [...]

Currencies had busy Friday and it is possible that increased activity could carry over to opening hours. The G-20 meeting is underway, creating quite impressive headlines. Of course, we should remember that there is a long way from bombastic statements of politicians to actual implementation of promised steps. It seems that as time goes on, [...]

Currencies appear ready to test Swiss National Bank pledge of keeping the floor under the EUR-CHF at 1.20 level. In spite of recent change at the helm, the central has not indicated major policy change concerning domestic currency, suggesting that its intention to prevent the CHF from appreciating is still valid. We should find out [...]