Posts Tagged ‘Russia’

Ukraine crisis – How it’s impacting the currency market

Tuesday, September 9th, 2014

The brokering of a ceasefire between Russia and Ukraine has finally brought stability to Forex trading markets in the last week, particularly in the Eurozone.

The conflict has significantly slowed the recovery in central Europe, with Germany’s finance minister Wolfgang Schäuble recently announcing that the growth forecast for the country may not attain its predicted target of 1.8 per cent.

This is to be expected in a country only 400 miles from the conflict; fighting has affected business confidence in the powerhouse economy of Europe, and this has had a negative knock-on effect on the price of the Euro.

However, the tenuous peace deal between Russian rebels and the Ukrainian government has helped the Euro advance against the Dollar faster than all other currencies; from previous lows to a price of $1.311565.

Yen continue to decline, you should understand why

Sunday, August 31st, 2014

Japan, Europe and USA currency symbols
A good portion of the latest forex trading news has focused on the continued decline of the yen in comparison to its other major counterparts.

This benchmark currency took a battering when it emerged that investment policies in relation to the Government Pension Investment Fund (GPIF) will focus on more risky assets.

In turn, this has led some online Forex trading analysts to conclude that China feels as if the yen will continue its descent. Of course, a risk-averse strategy that reflected a bullish yen market would hardly employ such modifications.

How does the Crimea situation impact on currencies?

Tuesday, March 18th, 2014

Russiand and Ukrainian flag from CrimeaAll eyes are on the continuing developments in the Balkan region of the world.

As was expected, the so-called referendum in Crimea is said to have reported that ninety-seven per cent of ethnic Russians wish to secede from Ukraine and join the Russian Federation.

This has caused a massive ripple effect in the currency markets as of late. With both the European Union and the United States threatening very real sanctions, currency traders are already closely watching the value of the ruble in relation to its other major currency counterparts.