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 [...]

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 [...]

One day after the strong Yen move rumors abound on the possibility on intervention. Every half an hour or so, there is an update about what Noda or Kan said, or did not say, who called whom, why there was no meeting but a phone call, etc. It is taking on a shape of circus. [...]