Monthly Archives: September 2014

Central Bank Intervention Draws Near as Ruble Goes on a Record Low

The ruble is now one of the world’s worst performing currency for the 3rd quarter of 2014.   Russia’s Central Bank has already announced that it would make steps to remedy the situation. The currency went down to .8% to 44.2450

Posted in FOREX News Tagged with:

European Currency

EUR/USD pair has crumbled down its core target 1.2787/55 zone as the 61.8% retracement of the whole bull trend from 2012/14 and July of 2013 are low. It appears that prices are nearing exhausted term that the resistance at 1.2785

Posted in FOREX News Tagged with:

German Lender Faces Money Laundering Probe

The Commerzbank AG or CBK is seeking for a solution to the US inquiry into the German company’s violation of the anti-money laundering laws.  The source of information revealed that Fed prosecutors based in Manhattan are making investigation on CBK

Posted in FOREX News Tagged with:

Trade with