The Australian Dollar went through a considerable bout of weakness recently. Most of the fundamental data, or at least its interpretation by market participants, suggests additional rate cuts by the Reserve Bank of Australia later in the year. Some even speculate that multiple rate cuts (0.50-0.75%) are already “priced in”, although this statement amounts to [...]

In spite of shortage of fundamental data, trading today has been quite lively. No major trends emerged (still few hours late, so that could change), but the price swings were healthy, creating some trading opportunities. Currencies formed narrow ranges leading to the London session, when first moves of the day happened – the Dollar became [...]

The FED interest rate rates decision is due in few hours and currencies are acting as if something big was going to happen. It is not consistent with their behavior in prior months leading to the announcements. Typically, there is some movement during the London session, but once New York trading gets under way, things [...]