The Russian ruble sank today following Friday’s announcement from Moody’s about a downgrade of Russia’s credit rating due to the damage that sanctions from the United States and the European Union have done to the already fragile Russian economy. Moody’s Investor Service announced on October 17 that it downgrades Russia’s sovereign credit rating to Baa2 from Baa1. The rating agency cited following reasons for the decision: 1) Russia’s increasingly subdued […]
Read moreThe Great Britain pound gained today as UK house prices were rising with accelerating pace this month, alleviating some fears that investors have had about Britain’s economy. Experts are still skeptical about the pound’s ability to keep rising, though. The Rightmove House Price Index increased 2.6 percent in October after growing 0.9 percent in September. The data helped the sterling to extend its rally that […]
Read moreThe new speculation about rate hikes is that they might come a little later after all. This new view of interest rates has many Forex traders turning away from the dollar, and instead buying other currencies. US dollar is mostly lower today as Forex traders re-evaluate the likelihood that the Federal Reserve will raise rates as early as some thought. With the global economy slowing down […]
Read moreEuro is trading mixed today, gaining ground against low beta currencies, but losing ground against its high beta counterparts. There is a lot of concern about the euro right now, and the 18-nation currency is only getting a bit of a boost as risk appetite makes an appearance. Euro has been struggling recently, and for good reasons. Worries about what’s next for the eurozone are valid. Germany is fixated […]
Read moreWarning! MFX Broker turned out to be a Forex scam. The interview is no longer relevant and is provided for reference only. Stay away from this company. A lot of time has passed since I had done my last interview with a Forex company, so today I present the latest interview with Igor Volkov, the Chief Executive Officer of MFX Broker (MasterForex). Mr. Volkov agreed to answer some of the most interesting […]
Read more