Forex Trading – Is it really any surprise that the currency
markets have witnessed such a precipitous sell-off in Sterling
over the last few weeks? In just ten days, it sold off against
the US Dollar from 1.76 to 1.52.
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Weakening ruble costly for Russia – Seattle Times
A man shopping at a local supermarket Moscow, Monday, Oct. 20, 2008. Some analysts say that Russia's economy remains relatively healthy and the currency should show more resilience, but many Russians still remember the 1998 currency collapse. (AP
Russian ruble crisis costs the Kremlin billions – Seattle Times
Only a few months ago, the Kremlin was talking about pricing its oil in rubles and making the ruble a regional reserve currency, giving it a status closer to that of the euro and the dollar. But that was before Russian tanks rolled into Georgia, the
Chinese infrastructure companies pay price for foreign exchange losses – International Herald Tribune
HONG KONG : Shares of China Railway Group and China Railway Construction slid Thursday after they reported foreign exchange losses worth about $325 million, heightening investor concerns over Chinese companies' exposure to currency trading. News of
WRAPUP 1-Russia rouble firms on anti-crisis measure, shares up – Forbes
MOSCOW, Oct 20 (Reuters) – The Russian rouble hit its strongest level since August in deals between banks on Monday after the central bank set curbs on currency trading, while the energy-heavy stock market rose on hopes of an OPEC output cut. However
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Nouriel Roubini: I fear the worst is yet to come – Times Online
As stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland, one voice was in demand above all others to steer us through the gloom: that of Dr Doom. For
'Circuit breaker' used to stop futures free fall – Windsor Star
U.S. stock futures fell so sharply before markets opened Friday, it triggered what's known as a "circuit breaker" to stop the downward trend from getting too severe. The Chicago Mercantile Exchange, which handles U.S. futures trading, put a halt on
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Dow Jones Stock Market Crash 2008: This video shows that October 10th is a major low but that the bear market will continue in the US stock markets to new lows
Dow Jones & S&P 500 Stock Market Crash 2008: it is virtually certain that a major bottom has just been made in the US stock markets yesterday, Friday 10th October, and we can expect a very strong and even dramatic rebound for Wall Street stocks over the coming week. This is because (a) the stock market is impacting a number of important time cycles on this day, and (b) the wild up and down intra-day action of Friday 10th gives strong evidence of a bottom for the time being. However, although the market bounce in the coming weeks may appear strong and will temporarily lift the spirits of terrified investors, it will be short-lived and the US stock markets will re-commence the crash, will almost certainly revisit the lows made on Friday 10th October, penetrate them, and then trade much lower before any real chance of a bottom to the selloff can be found in at least the short-term.
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