About a week ago there was renewed discussion about value of Chinese Yuan. Officials said they would un-peg it from dollar when economic situation is more certain. Today Premier Wen Jiabao had even more choice comments about currency. According to him, CNY is “fairly valued” and China will not bow to any external pressure pushing […]

Finally had some time on Friday to trade in my normal fashion. I mean more transactions, normal position size etc. Turned out to be very interesting day, no matter what currency one focused on. We had Swiss Franc finally making a move against Euro, with biggest range day in some time and British Pound either found […]

Swiss National Bank has its regularly scheduled monetary policy meeting tomorrow. No interest rate changes are expected, but everybody is interested in possible easing on intervention threats. Economic numbers from Switzerland are much better than EU. Recession was much milder, and so far economy seems to be recovering faster than in Eurozone. Rumors fly that […]