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  • Anna Coulling
    Analysis and Opinion » It’s a MAD MAD world!
    Anna Coulling - February 11, 2015, 16:17 GMT

    If we could capture the noise of the markets today it would reverberate to the sound of rattles. Rattles being hurled from both the Greek and Eurogroup prams, and the rattle of sabres from Russia. And in the absence of … Continue reading →

    Analysis and Opinion » The ride continues
    Fx Pro - December 17, 2014, 08:24 GMT

    The last full trading week of the month is proving to be nothing if not action packed. Yesterday, it was all about the rouble. Russia’s currency was essentially out of control in the wake of the rate hike, with liquidity also being sucked out of the international markets for the currency. The choice facing the

    Analysis and Opinion » Daily Commentary 16/12/14
    IronFX - December 16, 2014, 09:03 GMT

    Russia defense of RUB likely to be insufficient Russia shocked the markets by hiking rates dramatically in the middle of their night Monday. Just before 1 AM in Moscow, the central bank raised rates from 10.5% to 17.0%, the largest hike since the collapse of the Russian bond market in 1998. The move highlights the


    Last night, the Russian central bank removed any doubt that Russia is currently facing a currency crisis. Having hiked rates by 100bp last week, the central bank put rates up by a further 650bp to 17% overnight. This was aimed at “limited substantially increased rouble depreciation risks and inflation risks” according to the accompanying statement,


    Russia took its biggest step yet to shore up the ruble and defuse the currency crisis threatening its stricken economy. In a surprise announcement just before 1 a.m. in Moscow,

  • James Boston
    Forex » Russian GDP Growth Exceeds Expectations
    James Boston - November 13, 2014, 16:58 GMT

    The rate of economic growth in Russia has fallen just moderately in the third quarter, this has created somewhat of a positive surprise as a much larger drop had been anticipated by both domestic and international analysts. Russian growth for the 12 months to the end of the third quarter has been announced as 0.7%,

  • James Boston
    Forex » Russia’s GDP Stagnation
    James Boston - September 26, 2014, 13:45 GMT

    Predictions for the Russian leading indicator for economic growth are lining up to show a further fall year on year to the month of August, this would be the third straight month in a row that this GDP growth measure has come in negative following an extended period of expansion averaging around the 1.0% level.

  • James Boston
    Forex » Finnish Economy Still Struggles
    James Boston - September 24, 2014, 08:06 GMT

    Finland’s economy doesn’t appear to be showing the required signs of activity according to the latest Producer Price Index data. The year on year data just published shows that prices in the sector have increased their rate of decline to -0.8% from -0.5% the previous month, a market expectation for a moderate pick up to

  • James Boston
    Forex » Poland Improves Trade Balance
    James Boston - September 15, 2014, 12:26 GMT

    The Polish economy is bracing itself for the impact of retaliatory Russian sanctions, particularly in the fresh food sector of which is one of Poland’s key eastward exports. The July trade figures released this morning however don’t encompass the full extend of the sanctions as they were introduced post this data. There is nonetheless a

  • James Boston
    Forex » Inflation Ticks Lower In Norway
    James Boston - September 10, 2014, 09:18 GMT

    Despite an accelerating pace of growth, Norway’s monetary authorities are managing to keep price inflation in check. The latest inflation statistics released this morning suggest that the rate of price growth has ticked down a notch to read at 2.1%, this was largely forecast by analysts following the unexpected jump two months ago. The Norwegian

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