The Russian ruble slumped today as escalation of the conflict in Ukraine led to the threat of additional sanctions against Russia, making it very risky for traders to buy Russian asses. The battle in the eastern region of Ukraine took lives of more than 5,000 people. The United States and the European Union, blaming Russia for the escalation of conflict, threaten to impose additional sanctions. As a result, speculators were fleeing from the ruble, which took another hit to its value. […]
Read moreThe Brazilian real fell today as the worsening outlook for nation’s economic growth made the currency less attractive for market participants. The Central Bank of Brazil revised the growth outlook for this year negatively in its weekly forecast. The expected increase of gross domestic product stands at 0.13 percent now compared to 0.38 percent in the previous week’s estimate. Still, many market analysts believe that the real should be attractive to speculators, particularly carry […]
Read moreMy last carry trade did end quite well for me, though the Swiss National Bank has done a lot to end it poorly for other traders. Looking at the mayhem that ensued following the EUR/CHF floor removal, I thought that it would probably be a good idea to use the situation to my favor and to enter some new carry trade opportunity. It did not take me long to get focused on this currency […]
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