Central banks lead the news, if we can call it that. The news are old news, meaning no news. Or something like that. Both European Central Bank and Bank of England held their monetary policy meetings today. Outcome was very similar - no changes. Rates for EUR remain at 1%, while UK benchmark stays at […]

Chairman Bernanke is in Congress to for his semi-annual testimony before the House Financial Services Committee. Not sure why it is called a “testimony”. Should be more like “confession” or “defense”. Seems like everybody is hostile towards him, so no matter what he says, criticism will follow. Of course, it doesn’t help that he lacks […]

Currencies had very interesting trading day, with frequent turns and twist. Not a big surprise, really, after fairly strong and directional week. Unless something happens in the last few hours of trading, this will leaves plenty of question marks going into the weekend. The Euro still gets plenty of attention, after the pledge of support for […]