In a rather unexpected fashion, I had to take a break from this blog as well as trading in general, at least actively. Personal issues piled up and I was unable to postpone them any longer. I could have traded on Friday, as I was ready, but the conditions were not suitable. Even though currencies [...]

With Greek situation normalized (for now), markets are shifting attention to Spain. For a while, it looked like this country was trying to target a 5.8% deficit in 2012, rather than the 4.4% it had promised the EU. Under pressure from Union officials, Madrid eventually agreed to 5.3% for the year. Still, this is way [...]

In spite of shortage of fundamental data, trading today has been quite lively. No major trends emerged (still few hours late, so that could change), but the price swings were healthy, creating some trading opportunities. Currencies formed narrow ranges leading to the London session, when first moves of the day happened – the Dollar became [...]