The Central Bank of Russia dropped its benchmark refinancing rate by 25 basis points to 8.00%. The Bank said: “The said...
Central Bank of Russia Cuts Rate 25bps to 8.00%
Source: feedproxy.google.com
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AUD/JPY Technicals: Long term view is best
My view here is that we are currently nearing the end of the retracement phase which will be followed by a resumption of the downtrend. Whether the retracement ends at the 50% level at 80 or whether we see another push higher towards the golden retracement at 85.50 remains to be seen. Support...
USD/JPY retrenching; Exporters seen selling rallies
Japanese exporters have returned to the stage in USD/JPY for the first time in a while. They have offers from 98.80 up through 99.00, traders report. Mid-East accounts were rumored buyers in early US trade but ran into signficant offers in the 99.80/85 region. Given Japan’s rapidly...
At Davos, Euro Crisis Fears Ease, Focus Turns to Growth
There’s a palpable sense of hope at the annual Davos World Economic Forum that the euro zone is edging away from the brink of catastrophe-...
Japanese data disappoints
Manufacturer’s forecast orders will fall by over 5% in the second quarter, against expectations of a 0.5% rise by most analysts. This suggests that the Japanese manufacturing downturn is ongoing. The corporate goods price index fell by 5.4% against expected...
The Ultimate Alternative Investment?
Last week I spoke at an investment conference at Rancho Santana, a charming resort community on the Pacific coast of Nicaragua, near the town of...