Wed, 28 Sep 2011 14:29:00 +0400
Export has increased by $313 mln. due to meat and foodstuffs. Import has increased by $523 mln. due to oil, petrol, power-operated cars, and equipment.
New Zealand dollar maintains correction motion towards long-term bullish trend at Forex market. The experts of the Department of Masterforex - V Trading System explain that once the currency pair has broken pivot MF, it has started forming bear impulse, which may be reversal. However, stopping at a sloping channel suggests that ascending motion within wave с(С) of Weekly level may last. The maximal point at the beggining of August – 0.8841 – will form resistance. Breaking a sloping channel may signal about the formation of reversal impulse provided that there is support of АО index. Such index can later start a correction motion or reverse a long-term tendency.
You are free to discuss this article here: forum for traders and investors
According to Andrey Gudkov, an observer for Deutsche Welle, the oil games played by Saudi Arabia may present danger to Russia and the USA. The be more specific, the observer says that the Saudis are playing dangerous oil games. They have been playing similar games in security and politics. Now they are playing those in macroeconomics. For instance, it was Saudi Arabia who intentionally disrupted the recent oil summit in Doha. On top of that, the Saudis announced their intention to sell tons of U.S. bonds to a stunning amount of $750 billion. Such unexpected steps may undermine financial markets worldwide and eventually affect a number of major and emerging economies, including Russia and the USA.
Low oil prices undermined the status of the Suez Canal. They say most ships find it cheaper to sail around Africa rather than sailing through the Suez Canal. Some market observers believe that the oil market crash resulted in multiple consequences. On top of billions of dollars of lost profits by the world's biggest oil exporters, sailing around Africa is no said to be cheaper than saving time by passing through the Suez Canal.
Famous American economist Nouriel Roubini is sure that there is not going to be any major crisis in 2016. Still, this year is going to be a tough one for international commodity markets as well as many economies out there, especially emerging ones, the expert says. By the way, Mr. Roubini has been famous for his prediction of the 2008 global crisis, which is why he has been enjoying respect in the international financial community ever since.
The latest economic figures coming from China make the international exert community worry about the fate of the Chinese economy in particular and the entire global economy in general. The thing is, each time Western stock markets start plunging, China is viewed as one of the key drivers affecting those markets along with other markets out there.