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  • Loonie and Yen.

    Only yesterday I wrote improving employment situation in Australia. Economy down under added about 40,000 new jobs, in sharp contrast to situation in US, where employment continues to shrink. Today authorities in Canada …

  • Gas prices surging.

    Gasoline prices set a new record today, not a record high, but a new mark for a duration of price increase. It seems retail gas prices climbed for the 50th straight day, the longest streak in records dating to 1996. This…

  • BRIC summit.

    Certainly at the top of the news today is the first BRIC summit bring held in Russia. For those who don't know, BRIC is an acronym standing for Brazil, Russia, India, China, the leading emerging markets. This group, for…

  • US Dollar and Russia.

    For some time now Russia, along China and few other countries, have been publicly questioning the role of US Dollar as its role as a reserve currency. As a matter of fact, this is going to be debated in Moscow this week…

  • Banks repaying loans.

    Sign of progress today, in the fight with recession. The Treasury Department has approved 10 of the nation's largest banks to repay $68 billion in government bailout money, which came from Troubled Asset Relief Program. …

  • Yen sinks on... good news.

    Japan's Central Bank on Friday upgraded its assessment of the world's second-largest economy, saying that recession may be easing. The BoJ's policy board voted to leave its overnight call rate at 0.1 percent, a move tha…

  • More economic contraction.

    Important economic news were released today. Numbers rather than news, since there was nothing new about announcement. Financial world simply waited for numbers to define how bad the official reality was. Euro Zone econo…

  • Few Forex trades.

    Had a busy day on all fronts. Most importantly trading wise. A lot of trades using all kind of charts, short term, long term and everything in between. Today's developments are very interesting. British Pound once more c…

  • Currencies are moving.

    Week started on a slow note. Asian session was sleep inducing, a little unusual of late. Last few months provided rather lively Sunday opening, so this one stands out. Truth be told, that is how currencies had been behav…

  • Currencies on fire.

    Big day in Forex. Most currencies had large moves, majority of them in both directions. I wouldn't say this was very easy to trade, none of the days this week were, but swings were large enough to satisfy not only scalpe…

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