In spite of their historical volatility, the GBP-NZD and the GBP-AUD do not get much coverage in the mainstream media. Probably the single biggest reason is wide spreads, which can be as large as 20-30 pips. However, during the past few years, they narrowed down significantly and during the busiest trading hours, we can routinely [...]

In an otherwise dull, or rather directionless, trading on Monday, Yen pairs stood out. They all registered sharp declines, falling 200+ pips in some instances. Many sources claimed that was in search of a safe haven, or even a hedge against rising oil prices. Hard to see how the JPY can possibly be a hedge [...]

Last week turned to be a good one for the Euro. Surprising to many, yours truly included, the common currency exploded after the EMU finance ministers approved the second bailout for Greece. Since the EUR had been steadily gaining ground leading to the announcement, I thought that would be a “buy the rumor sell the [...]