It has been interesting few months for traders, and not just those active in Forex. All financial markets have been on a roller-coaster ride, including stocks and instruments. Even gold went through some gut wrenching moves, to not mention silver, which typically is very volatile and recently dropped about 25% in one day. Bottom line [...]

Currencies were relatively quiet on Wednesday, as if taking a break after the SNB intervention a day before. More likely, though, focus moves to policy meetings of the BoE and the ECB. The Bank of Canada announced its own interest rates decision, leaving its benchmark unchanged at 1.0%. There was no substantial response form the [...]

The Swiss National Bank has finally decided to bring out a big gun to its fight over strong Franc. Non only did they conduct a massive intervention, they also drew a line in the sand, pledging “unlimited Euro purchases” if the EUR-CHF drops below 1.20 again. The central bank called it “setting a ceiling” for [...]