Russian stocks rally after Crimea polls back Ukraine split however currency markets take a dip!

Russian stocks rally after Crimea polls back Ukraine split however currency markets take a dip! US Dollar exchange rate Two events on Wednesday will dominate market thinking this week – firstly we have the March meeting of the US Federal reserve Open Markets Committee and, in the UK, the annual Budget presentation. Following February’s labour […]

Euro exchange rate advances as forex traders buy euros again

Euro exchange rate advances as forex traders buy euros again. the euro rate benefited from china buy euros and selling us dollars as they diversify out of the greenback. Russia has also been in the markets selling US dollar assets as sanctions from the Ukraine conflict esculates and the possibility of sanctions from the west. […]

Buying Euros – they may get cheaper

Good morning, A sharp rise in the euro exchange rate this week has increased the pressure on the European Central Bank president, who faces the challenge of pulling the eurozone out of potentially dangerous phase of extremely low inflation. The more the currency strengthens, the greater the downward pressure on prices. The euro’s relentless rise […]

Forex traders finally sell euros

Forex traders took the queue from super Mario to sell euros today as their leader abandoned them. Super Mario is been jawboning (talking for you not in the markets slag) the euro exchange rate down this afternoon as he appears in willing to allow the currency to go above 1.4000 which technically will push it […]