This year to date is proving to be difficult for large currency funds and given it is almost October, significant improvement is unlikely. The Barclay Currency Traders Index, a weighted composite of managed programs that trade currency futures and/or cash forwards in the spot market is negative so far this year. The 117 currency trading [...]

There were some developments over the weekend that could affect opening of financial markets. To make matters worse, these developments are difficult to judge not only in severity but also in possible direction markets might take. After increased volatility following Bernanke’s speech on Friday, it will be interesting to see if other luminaries gathered in [...]

Still upset over the exchnge rate of the CHF, over the weekend Swiss authorities discussed appropriate level of the Franc. There are reports about meeting which included SNB officials and government figures. The focus was on setting a “target rate” probably against the Euro, and then maintain it. It is not clear if that means [...]