Saudi Arabia Destroyed USSR: Can It Destroy Russia?
Some Western experts say they have found Russia’s heel of Achilles. The USA thinks the best way to press Putin is to manipulate oil prices since Russia is an export-oriented economy. In particular, it depends on oil and natural gas exports. Therefore, too weak prices may finish the Russian economy, US politicians believe.
The experts say that Saudi Arabia may help the USA and the West in general to implement this ambitious goal aimed at undermining the Russian economy, which depends on energy exports.
In order to stop the economic slowdown, the Chinese financial authorities are ready to reconsider their monetary and budget policies. At the same time, the Chinese government is determined to back those reforms and to make then national currency more flexible in order to take it one step closer to a free floating currency, Market Leader reports.
Today, April 15th, the US Dollar is up by 0,06% against the Japanese Yen. During the American trading session, USDJPY is trading around 101,900.
SEB, one of the biggest banks is Sweden , is currently seeing the Japanese currency as the only safe-haven asset in the international currency market amid global geopolitical instability and some financial risks.
The USD index was trading around 79,50 right after the start of this trading week. The European trading session turned out to be bullish fro the index, which indicated the overall strength of the American currency against other majors.
Will foreign countries buy Russian oil and gas for rubles or not?
In response to the sanctions of the West related to the annexation of the Crimea to the Russian Federation, Russian exporters want to refuse the U.S. dollar as the main means of payment with foreign buyers of oil and gas. However leading Russian energy players offer different approaches to this issue.
Forex: EURUSD Goes 0,27% Down After Draghi’s Speech
Today, on April 14th, the common European currency is down against the US Dollar. The European currency lost 0,27% of its value against its American counterpart. Today's European trading session started with a bearish gap (1,3879 - 1,3858). The currency pair is currently trading around 1,3851.
Professional Traders Say How to Make Money at Forex
Forex is considered to be the main financial market; it was opened in 1971. The main product at Forex is made up by currencies of various countries worldwide. Forex market is characterized by constant fluctuations, conditioned by the vast number of its participants. This results in numerous deals and fluctuation of quotations.
For has become very attractive to private persons due to the development of various connection technologies, for this gave people a unique opportunity to make deals with a help of a broker. Owing to it, any participant of Forex market can take a credit (provide a credit leverage), and correlation between credit resources and the sum of the account may reach 1 to 1000.
What do investments at Forex mean, and how to make money at Forex currency market? The “Market Leader” has asked these questions to the professional traders of the best Forex studying project in Europe in 2009-2013 Masterforex-V Academy.
A couple of decades ago, the Renminbi (the Chinese Yuan) used to be called «toilet paper». These days, this is among the world's TOP 10 currencies. Its share in the global currency reserves has quadrupled from 2% to 8% over the last few years.
At this point, the Chinese Yuan has almost ousted the US Dollar from Eastern Asia. The Renminbi definitely rocks there! Still, this is not the end.
The strengthening of the British Pound exerted severe pressure on the US Dollar. In its turn, the weakening of the US Dollar pushed gold prices higher. Still, despite the negative correlation between the US currency and gold, the latter keeps lagging behind other precious metals (including silver and platinum) in terms of profitability.
The volume of credit/debit card payments didn't change in March. This is confirmed by the recent official report. Still, the New Zealand Dollar gained some support against the US Dollar amid positive economic data from Australia and the fact that investors are getting riskier.