The Australian Dollar went through a considerable bout of weakness recently. Most of the fundamental data, or at least its interpretation by market participants, suggests additional rate cuts by the Reserve Bank of Australia later in the year. Some even speculate that multiple rate cuts (0.50-0.75%) are already “priced in”, although this statement amounts to [...]

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 [...]