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Russia Shows Why China Should Just Stop Burning Up Its Reserves -- "Such intervention is futile"

Bloomberg News

February 7, 2017, 10:45 PM EST

  • Commerzbank says Russia, Brazil show intervention is futile

  • Ruble slid 2013-2015 as Moscow drew down a third of its hoard…

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USD Correction with Long Entry Pending

I’d expect the US Dollar to continue a short-term slide to the 96.5 level.  This level lines up with the 618 fib on the recent move up.   41 more words

Trading

Most Indian firms under-hedged, vulnerable to FX risk - India Ratings

Most Indian companies with overseas debt have not hedged enough of their foreign currency risk, making them vulnerable to any sharp movements in the rupee, according to a study by credit ratings agency India Ratings. 218 more words

Economy

Background Of The Forex Markets - Guide by Ebele Kemery For Beginners

If you are a beginner in the Fx markets, this piece ought to help clear up a few things. Fx markets might be intimidating initially, but after you know the way it works it’s not. 360 more words

Guyana loses confidence in Barbados dollar

BRIDGETOWN, Barbados – Guyana has lost confidence in Barbados’ monetary policy, hence the reason it suspended trading in the Barbados currency, a former Central Bank of Barbados (CCB) consultant has charged. 124 more words

Government

The Story of a Solo Traveller

By
Sourav “Teddy” Biswas

Our world is full of wonders and most of us wish to explore them during our lifetime. We all desire to take a few days off, pack our bags, and travel across the globe to places we’ve only seen in photographs and magazines. 502 more words

Some'n Unique Magazine LLC

No foreign exchange crisis in Guyana

GEORGETOWN, Guyana – Guyana on Tuesday rubbished claims that there is a massive foreign exchange shortage, but he said that buyers from sister CARICOM countries having been taking out United States (US) dollars from this country. 122 more words

Government