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 […]

For all the talk about Chinese government relaxing its exchange rates policy over last year or so, nothing happened so far. And it doesn’t look it is going to happen any time soon, either. China’s central bank governor said today that current scheme is necessary to cope with the global economic crisis and said China will […]