After a very quiet start to the week, the markets will be busy on Wednesday. The US Federal Reserve will also be front page and center, as the Fed releases the FOMC minutes and Bernard Bernanke testifies in front of  Congressional committee. After sustaining sharp losses,EUR/USD has posted a modest rally this week, gaining about one cent since Monday. In other economic news, the US releases Existing Home…See More

As you may know, I'm a big fan of MahiFX's web app. Unfortunately I can't use it in the US, but I always trade on there when I'm in Europe and practice my scalping skills when in the US on demo. Anyway, as I was reading their blog this morning, I stumbled upon the shortest survey I have ever seen, and it somewhat confused the heck out of me!…See More

JPY crosses are moving higher this mooring after BoJ Kuroda highlighted that change in fx-rates will boost export volume, but not earlier than in 6-9 months. This means that there current policy has a positive impact on the economy that’s why we can see strong rally on Nikkei which is pushing the JPY down, or XXX/JPY to the upside.We are long EURJPY from 131.90 with members and so far pair is moving very nicely in our favour with possible extension to 133.80 in sessions ahead.EURJPY 1h…See More