GTOMY was recommended by Harry Geisel, one of my wise contributors and of course we worried about the Apple challenge. Now that my two local drug stores have said they won't take Apple cash so I think maybe Gemalto has a future after all. I bought more. We also have another share in the payments space, but at a much lower level, Vodafone, the UK cell firm which operates Safaricom in Kenya, developer of M-Pesa

Hi Mr Banks

I am not enthusiastic about Sweden but I did think that the Riksbank cut of its

interest rate to zero was news-worthy.

You also commented earlier on an old article in which I compared the now dead

Ukraine cease-fire accord with Russia to the Munich Agreement. My comments were overtaken by events. that is the problem with doing a daily blog.

If you want to help me cover the Untrue North (the True North is Canada) you may want to let me know. I have a Dane who write appalling English, a

very rare phenomenon, but he mainly writes company news, not big picture stuff which seems to be your forte.

But before that, tell me how someone with such an Anglo-Saxon name was educated in Sweden?

dear Mr. Chandler

for a non-specialist there are too many unknown acronyms and abbreviations: TLTRO, CRB, MOVE.

Moreover your point 2 in observations above doesn't scan: All of the currency futures tracked here so a decline in the gross long positions.

I think you mean not so but show so if you are dictating these notes you should read them over before they go out.

your fellow contributor, and someone needing FX advice,

vivian@global-investing.com