Coming week is full of big fundamental announcements, including from central banks. On Tuesday, the Bank of Japan will disclose its interest rate decision. The BoJ has no room to cut rates any more, but it could introduce some unconventional measures. After all, the Japanese central bank lags behind its counterpart in this area. For example, it [...]

Forex market extended the holiday season on Monday. There was virtually no activity, typical for a day without scheduled fundamental announcements and no newsworthy geopolitical events. All the majors were quiet, moving within narrow trading ranges, waiting for something to happen. Like the meeting between German Chancellor Merkel and French President Sarkozy in Berlin next [...]

Currencies were relatively quiet in the past few days leading to the ECB policy meeting and the interest rate decision. Today, after the announcement, they exploded. The European Central Bank reduced the interest rate by 25 basis points to 1%, following a similar move a month ago. While most analysts expected the rate to be [...]